secwatch.observer — SEC 8-K summary
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Issuer:     BCB BANCORP INC (BCBP)
CIK:        0001228454
Form:       8-K
Filed at:   2022-09-29T23:59:59+00:00
Accession:  0001193125-22-253805
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1228454/000119312522253805/0001193125-22-253805-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1228454/000119312522253805/d405552d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-253805

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