secwatch.observer — SEC 8-K summary
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Issuer:     Hanover Bancorp, Inc. /MD (HNVR)
CIK:        0001828588
Form:       8-K
Filed at:   2022-10-17T23:59:59+00:00
Accession:  0001104659-22-109344
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828588/000110465922109344/0001104659-22-109344-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828588/000110465922109344/tm2228318d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-109344

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