---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-22-000207"
form_type: "8-K"
ticker: "PBFS"
cik: "0001769663"
company_name: "Pioneer Bancorp, Inc./MD"
filed_at: "2022-05-31T23:59:59+00:00"
generated_at: "2026-06-25T05:58:19.125229+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000943374-22-000207
- form_type: 8-K
- ticker: PBFS
- cik: 0001769663
- company_name: Pioneer Bancorp, Inc./MD
- filed_at: 2022-05-31T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1769663/000094337422000207/0000943374-22-000207-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1769663/000094337422000207/form8k_052422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-22-000207
- JSON: https://secwatch.observer/filing/0000943374-22-000207.json
- Plain text: https://secwatch.observer/filing/0000943374-22-000207.txt

## Key facts
- Executive change
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1769663/000094337422000207/0000943374-22-000207-index.htm

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