secwatch.observer — SEC 8-K summary
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Issuer:     Pathfinder Bancorp, Inc. (PBHC)
CIK:        0001609065
Form:       8-K
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0000943374-23-000296
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Pathfinder Bancorp appoints Castle Creek's Anthony Scavuzzo to board
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- Anthony R. Scavuzzo appointed to Board of Directors of Pathfinder Bancorp and Pathfinder Bank effective June 30, 2023.
- Scavuzzo is a Managing Principal at Castle Creek Capital, a private equity firm focused on community banking.
- Appointment made under May 2019 Securities Purchase Agreement, exercisable while Castle Creek owns at least 4.9% of PBHC common stock.
- Castle Creek provided written notice to exercise its appointment right on June 22, 2023.
- Scavuzzo eligible for standard director compensation; no committee assignment initially.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609065/000094337423000296/0000943374-23-000296-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609065/000094337423000296/form8k_063023.htm
  HTML page:      https://secwatch.observer/filing/0000943374-23-000296

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