BCB Bancorp amends deferred compensation plan and adopts new code of ethics

BCB BANCORP INC

Board amended Executive and Director Deferred Compensation Plan effective Jan 1, 2023; executives and directors eligible.
Participants may defer up to 85% of salary or bonus; matching/discretionary contributions vest over 3 years.
Forfeiture of matching/discretionary contributions upon injurious conduct as defined in the plan.
New code of ethics prohibits conflicts of interest and requires board approval for corporate opportunities.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BCB BANCORP INC: Adopted amended and restated code of ethics titled 'Conflicts of Interest, Usurpation of Corporate Opportunity & Code of Conduct Policy', replacing prior code from 2004 (effective 2023-03-15).

Change: code of ethics
Effective: 2023-03-15

Exact text from the filing

On March 15, 2023, the Registrant’s Board of Directors adopted an amended and restated code of ethics.

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Source: SEC EDGAR

accession 0001193125-23-075853

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