secwatch.observer — SEC 8-K summary
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Issuer:     Provident Bancorp, Inc. /MD/ (—)
CIK:        0001778784
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0000943374-24-000026
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Provident Bancorp appoints Dennis Pollack to Board of Directors
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- Dennis Pollack appointed to Board effective Jan 25, 2024, and to BankProv board concurrently.
- Appointment made pursuant to previously disclosed agreement with Stilwell Activist Fund.
- Pollack formerly President/CEO of Prudential Bank; has extensive banking executive experience.
- Bylaws amended to remove director residency requirement and increase maximum age limit to 75.
- Pollack will receive standard non-employee director compensation and equity awards under the agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1778784/000094337424000026/0000943374-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1778784/000094337424000026/form8k.htm
  HTML page:      https://secwatch.observer/filing/0000943374-24-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer