secwatch.observer — SEC 8-K summary
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Issuer:     Pathfinder Bancorp, Inc. (PBHC)
CIK:        0001609065
Form:       8-K
Filed at:   2024-09-09T23:59:59+00:00
Accession:  0000943374-24-000372
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pathfinder Bancorp signs new CEO employment agreement ($415K base) and CFO change-in-control pact
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609065/000094337424000372/0000943374-24-000372-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609065/000094337424000372/form8k_090424.htm
  HTML page:      https://secwatch.observer/filing/0000943374-24-000372

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