secwatch.observer — SEC 8-K summary
======================================

Issuer:     NorthEast Community Bancorp, Inc./MD/ (NECB)
CIK:        0001847398
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001104659-24-112638
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Appoints Joel L. Morgenthau to board after Kevin P. O'Malley's death
--------------------------------------------------------------------

- Morgenthau appointed director of Northeast Community Bancorp and its bank subsidiary.
- He fills vacancy caused by death of Kevin P. O'Malley, director since 2016.
- Morgenthau is partner at Moritt Hock & Hamroff; bank paid $58k (2024) and $230k (2023) in legal fees; borrowers paid $344k and $582k.
- No committee assignments; no other arrangements or understandings regarding his selection.
- Appointment effective October 24, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847398/000110465924112638/0001104659-24-112638-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847398/000110465924112638/tm2427126d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-112638

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