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

Issuer:     NB Bancorp, Inc. (NBBK)
CIK:        0001979330
Form:       8-K
Filed at:   2025-11-17T23:59:59+00:00
Accession:  0001104659-25-112965
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NB Bancorp completes acquisition of Provident Bancorp; issues ~5.94M shares
---------------------------------------------------------------------------

- Merger closed Nov 15, 2025; each Provident share converts to 0.691 NBBK shares or $13 cash, prorated 50/50.
- Needham will issue approx 5,944,350 shares; pro forma outstanding shares ~45,770,800.
- Joseph B. Reilly appointed as director; receives $800K severance, $250K non-compete, and $27.5K/mo consulting for 18 months.
- Cash consideration funded from Needham's cash on hand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1979330/000110465925112965/0001104659-25-112965-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1979330/000110465925112965/tm2531268d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-112965

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