---
schema_version: "secwatch.filing_event.v1"
accession: "0000920427-23-000064"
form_type: "8-K"
ticker: "UNTY"
cik: "0000920427"
company_name: "UNITY BANCORP INC /NJ/"
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T15:27:21.785687+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000920427-23-000064
- form_type: 8-K
- ticker: UNTY
- cik: 0000920427
- company_name: UNITY BANCORP INC /NJ/
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/920427/000092042723000064/0000920427-23-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/920427/000092042723000064/unty-20230525x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000920427-23-000064
- JSON: https://secwatch.observer/filing/0000920427-23-000064.json
- Plain text: https://secwatch.observer/filing/0000920427-23-000064.txt

## Key facts
- Executive change
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/920427/000092042723000064/0000920427-23-000064-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.