leadership
confidence high
sentiment neutral
materiality 0.60
Pathfinder Bancorp signs new CEO employment agreement ($415K base) and CFO change-in-control pact
Pathfinder Bancorp, Inc.
- CEO James A. Dowd's new 3-year employment agreement with $415,000 base salary, replacing prior change-in-control agreement.
- CFO Justin Bigham's change-in-control agreement provides severance of 24 months salary plus 2x bonus for qualifying termination.
- Agreements include automatic renewal provisions and standard severance for termination without cause or with good reason.
- CEO agreement has three-year term with annual extensions; CFO CIC initial term through January 2025.