Pioneer Bancorp EVP/CAO Frank Sarratori to resign effective June 24, 2022

Pioneer Bancorp, Inc./MD

Lump-sum payments: $350,000 at least 8 days after release, $100,000 12 months post-separation.
Bank pays full COBRA premiums for up to 18 months; life insurance premiums reimbursed with tax gross-up.
Separation includes non-disparagement, non-solicitation of employees for 12 months, and cooperation with litigation.
Bank acknowledges no reasonable basis to believe Sarratori committed fraud, breach of trust, or insider abuse.
Mr. Sarratori continues employment through June 24, 2022, assisting with transition.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Frank Sarratori

Executive Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary

PBFS · Pioneer Bancorp, Inc./MD

Effective: 2022-06-24
Filed: May 31, 2022, 7:59 PM ET

Frank Sarratori, Executive Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary of the Company and the Bank, entered into a Separation Agreement and General Release (the “Agreement”), pursuant to which Mr. Sarratori will resign from employment effective as of June 24, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Frank Sarratori resigned as Executive Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary at Pioneer Bancorp, Inc./MD.

Action: resigned
Role: Executive Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary

Exact text from the filing

Frank Sarratori, Executive Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary of the Company and the Bank, entered into a Separation Agreement and General Release (the “Agreement”), pursuant to which Mr. Sarratori will resign from employment effective as of June 24, 2022

View on SEC.gov

Pioneer Bancorp, Inc./MD filing history →

Source: SEC EDGAR

accession 0000943374-22-000207

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.