secwatch.observer — SEC 8-K summary
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Issuer:     NB Bancorp, Inc. (NBBK)
CIK:        0001979330
Form:       8-K
Filed at:   2025-01-31T23:59:59+00:00
Accession:  0000943374-25-000034
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Needham Bank freezes benefits under Director Retirement Plan and NQ Deferred Comp Plan
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- Director Retirement Plan benefit frozen as of Dec 31, 2024; no further accruals.
- Nonqualified Deferred Compensation Plan closed to new participants after Jan 28, 2025.
- Existing participants in both plans are not affected by the freezes.
- Amendments adopted by Compensation Committee Chairman Christopher Lynch on Jan 28, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1979330/000094337425000034/0000943374-25-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1979330/000094337425000034/form8k.htm
  HTML page:      https://secwatch.observer/filing/0000943374-25-000034

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