---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-075723"
form_type: "8-K"
ticker: "NECB"
cik: "0001847398"
company_name: "NorthEast Community Bancorp, Inc./MD/"
filed_at: "2023-06-28T23:59:59+00:00"
generated_at: "2026-06-13T15:43:44.923848+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# NorthEast Community Bancorp enters employment agreement with CFO Donald Hom

## Summary
- Employment agreement with Donald S. Hom (EVP & CFO) effective June 22, 2023.
- 36-month term with annual 12-month automatic extensions unless decided otherwise.
- Initial base salary of $285,000; eligible for discretionary short- and long-term incentive compensation.
- Severance: 3x (base salary + target bonus) for without-cause termination, including within 24 months after change in control.
- One-year non-compete and 12-month non-solicitation post-termination (except after change in control).

## SEC filing metadata
- accession: 0001104659-23-075723
- form_type: 8-K
- ticker: NECB
- cik: 0001847398
- company_name: NorthEast Community Bancorp, Inc./MD/
- filed_at: 2023-06-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847398/000110465923075723/0001104659-23-075723-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847398/000110465923075723/tm2319855d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-075723
- JSON: https://secwatch.observer/filing/0001104659-23-075723.json
- Plain text: https://secwatch.observer/filing/0001104659-23-075723.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.