secwatch.observer — SEC 8-K summary
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Issuer:     Rhinebeck Bancorp, Inc. (RBKB)
CIK:        0001751783
Form:       8-K
Filed at:   2024-09-20T23:59:59+00:00
Accession:  0000943374-24-000388
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Rhinebeck Bancorp non-renews CEO and COO contracts; terms expire Dec 31, 2026
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- Board provided notice of non-renewal to Michael J. Quinn (President & CEO) and Jamie J. Bloom (EVP, COO & Chief Banking Officer).
- Employment agreements will expire on December 31, 2026; no immediate departure.
- Decision is part of a broader change in corporate philosophy to normalize employment contract terms.
- Company states non-renewal does not reflect individual performance evaluation or anticipated management changes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751783/000094337424000388/0000943374-24-000388-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751783/000094337424000388/form8k.htm
  HTML page:      https://secwatch.observer/filing/0000943374-24-000388

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