secwatch.observer — SEC 8-K summary
======================================

Issuer:     SR Bancorp, Inc. (SRBK)
CIK:        0001951276
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0000943374-24-000145
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Somerset Regal Bank adopts supplemental executive retirement plan for three officers
--------------------------------------------------------------------------------

- Plan adopted April 25, 2024, retroactive to May 1, 2023, for William P. Taylor, Christopher J. Pribula, and David M. Orbach.
- SERP replaces frozen qualified pension plan; provides supplemental deferred compensation benefits.
- Participants 100% vested at all times; benefits payable in 20 annual installments after separation from service.
- Annual contributions determined by the Bank; amounts not disclosed but documented each Plan Year.
- For-cause termination results in forfeiture of all benefits under the plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1951276/000094337424000145/0000943374-24-000145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1951276/000094337424000145/form8k_042524.htm
  HTML page:      https://secwatch.observer/filing/0000943374-24-000145

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