secwatch.observer — SEC 8-K summary
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Issuer:     Kearny Financial Corp. (KRNY)
CIK:        0001617242
Form:       8-K
Filed at:   2022-06-16T23:59:59+00:00
Accession:  0000943374-22-000227
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kearny Financial promotes Suchodolski to Senior EVP/CFO, assumes COO duties
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- Keith Suchodolski promoted to Senior EVP & CFO of Kearny Financial Corp. and Kearny Bank, effective July 1, 2022.
- Suchodolski assumes COO duties from retiring Eric Heyer; initial base salary of $409,107.
- Employment agreement with three-year term, annual renewal; severance includes lump sum base salary for remainder of term.
- Change-in-control severance: three times (base salary + prior year bonus) plus continued medical/dental benefits.
- Amended life insurance for CEO Montanaro: death benefit after retirement up to $1.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617242/000094337422000227/0000943374-22-000227-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617242/000094337422000227/form8k_061522.htm
  HTML page:      https://secwatch.observer/filing/0000943374-22-000227

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