President Brian K. Finneran to retire Feb 15, 2023; consulting deal until Aug 2023

Hanover Bancorp, Inc. /MD

Brian K. Finneran will retire as President of HNVR and Hanover Community Bank effective February 15, 2023.
Post-retirement, Finneran will serve as a consultant until August 15, 2023, for $41,666.66 per month.
He remains entitled to his 2022 calendar year cash bonus, paid no later than February 28, 2023.
Outstanding equity awards (2022 grants of 19,007 RSUs, 5,702 RSUs, 9,503 PSUs) treated as 'Retirement' with modified non-compete.
Employment agreement terminated; non-solicitation and confidentiality covenants survive; general release required.

item 5.02 item 9.01

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Departed

Brian K. Finneran

President

HNVR · Hanover Bancorp, Inc. /MD

Effective: 2023-02-15
Filed: October 17, 2022, 7:59 PM ET

Brian K. Finneran, who currently serves as the President of the Registrant and its wholly-owned subsidiary Hanover Community Bank (the “ Bank ”), will retire effective February 15, 2023

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Brian K. Finneran retired as President at Hanover Bancorp, Inc. /MD.

Action: retired
Role: President

Exact text from the filing

Brian K. Finneran, who currently serves as the President of the Registrant and its wholly-owned subsidiary Hanover Community Bank (the “ Bank ”), will retire effective February 15, 2023

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Hanover Bancorp, Inc. /MD filing history →

Source: SEC EDGAR

accession 0001104659-22-109344

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