leadership
confidence high
sentiment neutral
materiality 0.45
SR Bancorp amends exec employment agreements; CEO salary $490k, Chairman $260k, CFO $410k
SR Bancorp, Inc.
- William Taylor (Executive Chairman): $260k base salary, 1-year term, bonus target at least 25%.
- Christopher Pribula (CEO): $490k base salary, 3-year term, bonus target at least 23%.
- David Orbach (CFO): $410k base salary, 3-year term, bonus target at least 20%.
- Non-CIC severance = greater of remaining term pay or 2x (base + avg bonus); CIC severance = 3x (base + avg bonus) + 36 months COBRA.
- Agreements auto-renew annually for Pribula and Orbach; Taylor's term may be extended by 12 months with 30 days notice.