secwatch.observer — SEC 8-K summary
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Issuer:     First Seacoast Bancorp, Inc. (FSEA)
CIK:        0001943802
Form:       8-K
Filed at:   2025-03-05T23:59:59+00:00
Accession:  0000943374-25-000125
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Seacoast Bancorp freezes CEO Brannen's non-CIC benefit at $64,817; CIC benefit set at $132,209
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- CEO James Brannen's salary continuation agreement amended: non-change-in-control annual benefit frozen at $64,817.
- Change-in-control benefit set at $132,209 annual (or $1,322,090 lump sum if separation within two years).
- Benefit outside CIC is frozen and no longer increases over time; effective March 5, 2025.
- If Brannen dies before separation, beneficiary receives lump sum of $648,179.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1943802/000094337425000125/0000943374-25-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1943802/000094337425000125/form8k_030525.htm
  HTML page:      https://secwatch.observer/filing/0000943374-25-000125

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