secwatch.observer — SEC 8-K summary
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Issuer:     QUAINT OAK BANCORP, INC. (QNTO)
CIK:        0001391933
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0000927089-25-000050
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quaint Oak Bancorp elects William R. Gonzalez President and enters new employment agreements
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- William R. Gonzalez, 41, elected President of Quaint Oak Bancorp and to the Board (class of 2026), effective Feb 12, 2025.
- Robert T. Strong continues as CEO; new employment agreements for four executives with three-year terms and automatic extensions.
- Minimum base salaries: Strong $376k, Gonzalez $265k, Augustine $265k, Ott $213k.
- Severance: 3x base salary for pre/post-Change in Control termination without cause; 2.99x avg comp within 24 months of Change in Control.
- Non-compete of 1 year and non-solicit of 3 years included in agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391933/000092708925000050/0000927089-25-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391933/000092708925000050/qnto20250218_8k.htm
  HTML page:      https://secwatch.observer/filing/0000927089-25-000050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer