secwatch.observer — SEC 8-K summary
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Issuer:     Rhinebeck Bancorp, Inc. (RBKB)
CIK:        0001751783
Form:       8-K
Filed at:   2024-06-25T23:59:59+00:00
Accession:  0000943374-24-000274
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rhinebeck Bancorp appoints Kevin Nihill as CFO, effective July 8, 2024
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- Kevin Nihill appointed CFO and Treasurer; succeeds Michael J. McDermott (retired) and interim Philip Lekanides.
- Base salary of $360,000 plus one-time $100,000 bonus payable March 15, 2025 if employed.
- Eligible for 15,000 restricted stock awards upon compensation committee approval and continuous employment.
- Change in control agreement provides severance of 2x base salary plus average bonus, through Dec 31, 2025.
- Nihill previously EVP and CFO of St. Mary's Bank; holds CFA designation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751783/000094337424000274/0000943374-24-000274-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751783/000094337424000274/form8k_061824.htm
  HTML page:      https://secwatch.observer/filing/0000943374-24-000274

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