Peter Quick
About Peter Quick
Peter Quick is a seasoned securities industry executive who joined ConnectOne Bancorp’s Board on June 2, 2025 following the merger with The First of Long Island Corporation; he previously served as an independent director on FLIC’s board and is listed on ConnectOne’s current directors roster . His background includes President of the American Stock Exchange (2000–2005) and President of Quick & Reilly, with a BS in Engineering from the University of Virginia and graduate studies at Stanford’s Petroleum Engineering program; he also served four years as a U.S. Navy officer . As of his Form 3 filing on June 2, 2025, he reported no beneficial ownership in CNOB .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| American Stock Exchange | President | 2000–2005 | Led market structure reforms and exchange operations |
| Quick & Reilly Inc. / Quick & Reilly/Fleet Securities | President | Prior to 2000 | Oversaw national discount brokerage operations |
| Burke & Quick Partners Holdings LLP | Partner | Prior to 2005 (noted as “former”) | Broker-dealer parent; capital markets expertise |
| The First of Long Island Corporation | Independent Director | Through 2025 merger | Banking oversight; independent governance role |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| ConnectOne Bancorp, Inc. | Director | Appointed 2025-06-02 | Board expanded to 15 members post-merger |
| Medicure Inc. | Director | Current | Public company board; life sciences sector |
| Village of Mill Neck, NY | Mayor | Current | Community leadership role |
Board Governance
- Committee assignments: As of appointment, Quick had not yet been appointed to any CNOB Board or Bank committees .
- Independence: Press release notes Quick served as an independent director at FLIC; CNOB’s Board maintains a majority of independent directors, with formal lead independent director structure (Lead Independent Director: Stephen T. Boswell) .
- Attendance: CNOB’s Board held 15 meetings in 2024; each director attended ≥75% of Board/committee meetings. Quick joined in 2025, so his 2024 attendance is not applicable .
- Executive sessions and leadership: Lead Independent Director presides over executive sessions and coordinates agendas with the Chair/CEO .
Fixed Compensation
| Component | Amount | Detail |
|---|---|---|
| Annual cash retainer (non-employee directors) | $60,000 | Paid quarterly in arrears |
| Annual equity (restricted stock) | $60,000 | Granted as restricted shares; 3,219 restricted shares awarded to each director for 2024 |
| Audit & Risk Committee Chair stipend | $25,000 | Cash |
| Compensation Committee Chair stipend | $13,500 | Cash |
| Nominating & Corporate Governance Chair stipend | $12,000 | Cash |
| Audit & Risk Committee member stipend | $10,000 | Cash |
| Compensation Committee member stipend | $6,000 | Cash |
| Nominating & Corporate Governance member stipend | $6,000 | Cash |
| Lead Independent Director stipend | $15,000 | Cash |
Note: Quick’s appointment occurred mid-2025; absent disclosed changes, CNOB’s standard director fee structure applies. No additional arrangements for Quick were disclosed at appointment .
Performance Compensation
| Metric | Disclosure | Notes |
|---|---|---|
| Performance-based director equity (PSUs/options) | None disclosed | CNOB granted time-based restricted stock to directors (3,219 shares in 2024); no director PSUs/options disclosed |
| Cash performance bonuses for directors | None disclosed | Director compensation is retainer/stipend-based |
Other Directorships & Interlocks
| Company | Role | Overlap with CNOB | Potential Conflict |
|---|---|---|---|
| The First of Long Island Corporation | Independent Director | Joined CNOB Board via merger; banking sector familiarity | Low—post-merger integration, not a competing platform |
| Medicure Inc. | Director | Unrelated industry (pharma) | Low—no disclosed CNOB commercial ties |
| Village of Mill Neck (Mayor) | Municipal role | Civic role | Low—no disclosed CNOB contracting/transactions |
Expertise & Qualifications
- Securities market leadership (exchange operations, market structure, clearing and trading technology) .
- Banking board governance experience (independent director at FLIC; now CNOB director) .
- Engineering education (UVA BS; Stanford graduate studies) and U.S. Navy officer service (4 years), indicating disciplined, technical problem-solving and operational leadership .
Equity Ownership
| Filing Date | Filing Type | Beneficial Ownership | Notes |
|---|---|---|---|
| 2025-06-02 | Form 3 | 0 shares | Initial statement of beneficial ownership filed upon appointment; “No securities are beneficially owned” |
Stock ownership policy: Directors (other than CEO/Bank President) must achieve ownership equal to five times the sum of the then-current annual cash retainer plus the then-current value of the annual equity award within 5 years; based on 2024 levels ($60k cash + $60k equity), this implies ~$600k target ownership value over time .
Hedging/pledging: CNOB prohibits hedging and pledging by directors and executive officers (grandfathering of pre-11/23/2021 pledges); insider trading policy applies across the Board .
Governance Assessment
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Strengths
- Deep capital markets and exchange leadership experience enhances Board oversight of risk, capital, and market-facing strategy .
- Majority-independent Board, with established Lead Independent Director role and robust committee governance; Compensation Committee and NCG Committee composed of independent directors .
- Strong governance policies: anti-hedging/pledging, clawback for incentive compensation, and director/executive stock ownership guidelines .
- Shareholder support: 2024 say-on-pay approved by 95.2% of votes, reflecting positive investor perception of compensation governance .
-
Watch items / RED FLAGS
- Initial alignment: Quick reported zero CNOB share ownership at appointment; he must build to guideline compliance within 5 years (approx. $600k target based on 2024 director compensation levels) .
- Committee influence: As of appointment, no committee assignments—monitor for placement on Audit & Risk, Compensation, or NCG committees to assess governance impact .
- Related-party exposure: CNOB has disclosed director-related branch leases and vendor engagements (not involving Quick); continue monitoring for any transactions involving entities associated with Quick; none disclosed at appointment .
- Policy adherence: CNOB prohibits pledging; ensure any legacy pledges do not apply to Quick and that he complies with anti-hedging/pledging requirements .
-
Implications for investor confidence
- Quick adds high-level market structure and governance expertise, supportive of risk oversight and strategic execution in a larger, post-merger institution .
- Alignment will improve as equity awards accrue and as he acquires shares toward ownership guidelines; early transparency via Form 3 supports monitoring .