---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-22-000140"
form_type: "8-K"
ticker: "GBNY"
cik: "0001823365"
company_name: "Generations Bancorp NY, Inc."
filed_at: "2022-04-07T23:59:59+00:00"
generated_at: "2026-06-26T08:53:54.393699+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Generations Bancorp enters employment agreement with CFO Angela Krezmer; base salary $160,160

## Summary
- Agreement effective September 1, 2021, initial 3-year term with automatic annual renewal.
- Base salary of $160,160, reviewed annually; eligible for bonus and benefit plans.
- Severance: 1.5x (base + average/highest bonus) on involuntary termination for other than cause.
- Change-in-control severance: 3x highest base salary plus 3x highest cash bonus, plus 36 months benefits.

## SEC filing metadata
- accession: 0000943374-22-000140
- form_type: 8-K
- ticker: GBNY
- cik: 0001823365
- company_name: Generations Bancorp NY, Inc.
- filed_at: 2022-04-07T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823365/000094337422000140/0000943374-22-000140-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823365/000094337422000140/form8k_081021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-22-000140
- JSON: https://secwatch.observer/filing/0000943374-22-000140.json
- Plain text: https://secwatch.observer/filing/0000943374-22-000140.txt

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