Bogota Financial CEO Joseph Coccaro retires; Kevin Pace appointed as successor effective Nov 30, 2023

Bogota Financial Corp.

Joseph Coccaro, 66, retires as Director, President & CEO of MHC, Company, and Bank effective Nov 30, 2023.
Kevin Pace, former EVP & Chief Risk Officer, named President & CEO of MHC, Company, and Bank, and joins Boards.
Coccaro receives $150,000 cash bonus for 2023, COBRA premium reimbursement up to 18 months, and equity awards continue vesting.
Coccaro will serve as advisory director to the Bank without cash compensation; eligible for equity consideration.
Coccaro led Bank from ~$260M to over $900M in assets; Pace has been with Bank since 2013.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Kevin Pace

President and Chief Executive Officer

BSBK · Bogota Financial Corp.

Effective: 2023-11-30
Filed: November 30, 2023, 6:59 PM ET

The MHC, the Company and the Bank have appointed Kevin Pace, who currently serves as Executive Vice President and Chief Risk Officer of the MHC, the Company and the Bank and a member of the Board of Directors of the Bank, as President and Chief Executive Officer of the MHC, the Company and the Bank, effective November 30, 2023 and a member of the Boards of Directors of the MHC and the Company.

Departed

Joseph Coccaro

President and Chief Executive Officer

BSBK · Bogota Financial Corp.

Effective: 2023-11-30
Successor: Kevin Pace
Filed: November 30, 2023, 6:59 PM ET

Joseph Coccaro retired as Director and President and Chief Executive Officer of the MHC, the Company and the Bank and as Secretary of the Bank, effective November 30, 2023.

Appointed

Joseph Coccaro

Advisory Director

BSBK · Bogota Financial Corp.

Effective: 2023-11-30
Filed: November 30, 2023, 6:59 PM ET

Pursuant to the Agreement, upon the effective date of Mr. Coccaro’s resignation, Mr. Coccaro will be appointed as an advisory director to the Bank.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin Pace was appointed as President and Chief Executive Officer at Bogota Financial Corp..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

The MHC, the Company and the Bank have appointed Kevin Pace, who currently serves as Executive Vice President and Chief Risk Officer of the MHC, the Company and the Bank and a member of the Board of Directors of the Bank, as President and Chief Executive Officer of the MHC, the Company and the Bank, effective November 30, 2023 and a member of the Boards of Directors of the MHC and the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph Coccaro retired as President and Chief Executive Officer at Bogota Financial Corp..

Action: retired
Role: President and Chief Executive Officer

Exact text from the filing

Joseph Coccaro retired as Director and President and Chief Executive Officer of the MHC, the Company and the Bank and as Secretary of the Bank, effective November 30, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Joseph Coccaro was appointed as Advisory Director at Bogota Financial Corp..

Action: appointed
Role: Advisory Director

Exact text from the filing

Pursuant to the Agreement, upon the effective date of Mr. Coccaro’s resignation, Mr. Coccaro will be appointed as an advisory director to the Bank.

View on SEC.gov

Bogota Financial Corp. filing history →

Source: SEC EDGAR

accession 0001193125-23-285330

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