secwatch.observer — SEC 8-K summary
======================================

Issuer:     Generations Bancorp NY, Inc. (GBNY)
CIK:        0001823365
Form:       8-K
Filed at:   2022-04-07T23:59:59+00:00
Accession:  0000943374-22-000140
Event type: other
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823365/000094337422000140/0000943374-22-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823365/000094337422000140/form8k_081021.htm
  HTML page:      https://secwatch.observer/filing/0000943374-22-000140

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