BCB Bancorp names Jawad Chaudhry CFO; new employment pacts for CEO and CFO

BCB BANCORP INC

Jawad Chaudhry appointed CFO effective Sept 26, 2022; previously EVP at Investors Bank.
CEO Thomas Coughlin's new agreement: $585k base salary, 3-year term through Aug 31, 2024, auto-renew.
CFO Chaudhry's agreement: $350k base salary, auto-renew 12-month term, discretionary bonus up to 50%.
Coughlin receives 2.99x (salary + bonus) in change of control; Chaudhry receives 2x salary.
Both agreements include one-year non-compete/non-solicit post-termination.

item 5.02 item 9.01

Executive movements

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Appointed

Jawad Chaudhry

Chief Financial Officer

BCBP · BCB BANCORP INC

Effective: 2022-09-26
Filed: September 29, 2022, 7:59 PM ET

Jawad Chaudhry was appointed Chief Financial Officer of the Company and the Bank.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jawad Chaudhry was appointed as Chief Financial Officer at BCB BANCORP INC.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Jawad Chaudhry was appointed Chief Financial Officer of the Company and the Bank.

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BCB BANCORP INC filing history →

Source: SEC EDGAR

accession 0001193125-22-253805

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