Pathfinder Bancorp enters separation deal with former Director of Capital Markets Thomas Schneider

Pathfinder Bancorp, Inc.

Thomas W. Schneider resigned as Director of Capital Markets and Corporate Strategy effective Sept 7, 2022; separation agreement signed Sept 28.
Company will pay Schneider $60,000 (less taxes) within 15 days after effective date, plus health/dental COBRA premiums through Nov 30.
Agreement includes non-disparagement, non-disclosure, non-solicitation (1 year), and cooperation (through Sept 6, 2023).
Schneider releases all claims against Pathfinder and affiliates.

item 5.02 item 9.01

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Departed

Thomas W. Schneider

Director of Capital Markets and Corporate Strategy

PBHC · Pathfinder Bancorp, Inc.

Effective: 2022-09-07
Filed: October 7, 2022, 7:59 PM ET

Thomas W. Schneider (“Mr. Schneider”), the Company’s former Director of Capital Markets and Corporate Strategy, pursuant to which the Company and Mr. Schneider set forth certain rights, covenants and responsibilities between the parties, following Mr. Schneider’s resignation from employment with the Company, which occurred on September 7, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas W. Schneider resigned as Director of Capital Markets and Corporate Strategy at Pathfinder Bancorp, Inc..

Action: resigned
Role: Director of Capital Markets and Corporate Strategy

Exact text from the filing

Thomas W. Schneider (“Mr. Schneider”), the Company’s former Director of Capital Markets and Corporate Strategy, pursuant to which the Company and Mr. Schneider set forth certain rights, covenants and responsibilities between the parties, following Mr. Schneider’s resignation from employment with the Company, which occurred on September 7, 2022.

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Pathfinder Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0000943374-22-000444

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