8-K filed January 7, 2025, 6:59 PM ET ticker FKYS CIK 0000737875

leadership confidence high sentiment neutral materiality 0.60

First Keystone names Jack W. Jones as President and CEO successor

FIRST KEYSTONE CORP

Elaine A. Woodland retires as President and CEO effective January 31, 2025.
Jack W. Jones joined as EVP and COO on Jan 6, 2025; will assume President and CEO roles on Feb 1, 2025.
Jones' base salary is $395,000 under a 4-year employment agreement with automatic renewal.
Jones was appointed to the boards of the Corporation and the Bank effective Jan 6, 2025.
Jones previously served as SVP and Chief Banking Officer at Penns Woods Bancorp and Luzerne Bank.

item 5.02

Executive movements

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Appointed

Jack W. Jones

Executive Vice President and Chief Operating Officer

FKYS · FIRST KEYSTONE CORP

Effective: 2025-01-06
Filed: January 7, 2025, 6:59 PM ET

On January 6, 2025, the Corporation announced that Jack W. Jones had been selected as the successor to Ms. Woodland and he then joined the Corporation and the Bank, as Executive Vice President and Chief Operating Officer effective January 6, 2025

Departed

Elaine A. Woodland

President and Chief Executive Officer

FKYS · FIRST KEYSTONE CORP

Effective: 2025-01-31
Successor: Jack W. Jones
Filed: January 7, 2025, 6:59 PM ET

Elaine A. Woodland, President and Chief Executive Officer of the First Keystone Corporation (the “Corporation”) and First Keystone Community Bank (the “Bank”), the wholly-owned subsidiary of the Corporation, notified the Boards of Directors of the Corporation and Bank of her retirement as an employee and President and Chief Executive Officer of the Corporation and the Bank, respectively, effective January 31, 2025.

Appointed

Jack W. Jones

member of the boards of directors

FKYS · FIRST KEYSTONE CORP

Effective: 2025-01-06
Filed: January 7, 2025, 6:59 PM ET

In addition, effective January 6, 2025, Mr. Jones was appointed as a member of the boards of directors of the Corporation and the Bank.

Role change

Jack W. Jones

President and Chief Executive Officer

FKYS · FIRST KEYSTONE CORP

Effective: 2025-02-01
Filed: January 7, 2025, 6:59 PM ET

Following Ms. Woodland’s retirement effective January 31, 2025, Mr. Jones will be appointed as President and Chief Executive Officer of the Corporation and the Bank.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jack W. Jones was appointed as Executive Vice President and Chief Operating Officer at FIRST KEYSTONE CORP.

Action: appointed
Role: Executive Vice President and Chief Operating Officer

Exact text from the filing

On January 6, 2025, the Corporation announced that Jack W. Jones had been selected as the successor to Ms. Woodland and he then joined the Corporation and the Bank, as Executive Vice President and Chief Operating Officer effective January 6, 2025

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Elaine A. Woodland retired as President and Chief Executive Officer at FIRST KEYSTONE CORP.

Action: retired
Role: President and Chief Executive Officer

Exact text from the filing

Elaine A. Woodland, President and Chief Executive Officer of the First Keystone Corporation (the “Corporation”) and First Keystone Community Bank (the “Bank”), the wholly-owned subsidiary of the Corporation, notified the Boards of Directors of the Corporation and Bank of her retirement as an employee and President and Chief Executive Officer of the Corporation and the Bank, respectively, effective January 31, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jack W. Jones was appointed as member of the boards of directors at FIRST KEYSTONE CORP.

Action: appointed
Role: member of the boards of directors

Exact text from the filing

In addition, effective January 6, 2025, Mr. Jones was appointed as a member of the boards of directors of the Corporation and the Bank.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jack W. Jones was appointed as President and Chief Executive Officer at FIRST KEYSTONE CORP.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Following Ms. Woodland’s retirement effective January 31, 2025, Mr. Jones will be appointed as President and Chief Executive Officer of the Corporation and the Bank.

View on SEC.gov

FIRST KEYSTONE CORP filing history →

Source: SEC EDGAR

accession 0000737875-25-000002

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