secwatch.observer — SEC 8-K summary
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Issuer:     Pathfinder Bancorp, Inc. (PBHC)
CIK:        0001609065
Form:       8-K
Filed at:   2022-04-19T23:59:59+00:00
Accession:  0000943374-22-000151
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pathfinder Bancorp CEO Thomas W. Schneider resigns; James A. Dowd named Interim President and CEO
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- Schneider stepped down as President, CEO and director on April 14, 2022, citing health issues and personal loss.
- James A. Dowd, former EVP and COO, appointed Interim President and CEO effective immediately.
- Schneider transitions to Director of Capital Markets and Corporate Strategy under a 2-year employment agreement at $360,000 annual salary plus $100,000 one-time bonus.
- Dowd has 28 years with Pathfinder; as COO overseeing branch operations, deposits increased 73% over 5 years.
- Company total assets grew from $216M in 1999 to $1.3B as of Dec 2021 under Schneider's leadership.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609065/000094337422000151/0000943374-22-000151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609065/000094337422000151/form8k_041422.htm
  HTML page:      https://secwatch.observer/filing/0000943374-22-000151

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