Unity Bancorp enters separation agreement with EVP Janice Bolomey; effective June 30, 2023

UNITY BANCORP INC /NJ/

Janice Bolomey, EVP, Director of Sales and CAO, to resign effective June 30, 2023; separation previously disclosed in March 2023.
Severance includes $265,000 annual base salary for one year after the Separation Date.
Cash payment equal to closing price of UNTY common stock on Separation Date multiplied by 8,500 shares.
Unvested stock options to continue vesting until June 30, 2024, then exercisable for 90 days.
Agreement includes general release, confidentiality, non-solicitation, and non-disparagement clauses.

item 5.02 item 9.01

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Departed

Janice Bolomey

Executive Vice President, Director of Sales and Chief Administrative Officer

UNTY · UNITY BANCORP INC /NJ/

Effective: 2023-06-30
Filed: May 25, 2023, 7:59 PM ET

Pursuant to a Current Report on Form 8-K filed on March 30, 2023, the Registrant announced that Ms. Janice Bolomey, the Registrant’s Executive Vice President, Director of Sales and Chief Administrative Officer, was resigning effective June 30, 2023 (the “Separation Date”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Janice Bolomey resigned as Executive Vice President, Director of Sales and Chief Administrative Officer at UNITY BANCORP INC /NJ/.

Action: resigned
Role: Executive Vice President, Director of Sales and Chief Administrative Officer

Exact text from the filing

Pursuant to a Current Report on Form 8-K filed on March 30, 2023, the Registrant announced that Ms. Janice Bolomey, the Registrant’s Executive Vice President, Director of Sales and Chief Administrative Officer, was resigning effective June 30, 2023 (the “Separation Date”).

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Source: SEC EDGAR

accession 0000920427-23-000064

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