---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-021945"
form_type: "8-K"
ticker: "FDBC"
cik: "0001098151"
company_name: "FIDELITY D & D BANCORP INC"
filed_at: "2024-07-02T23:59:59+00:00"
generated_at: "2026-05-31T23:42:10.973034+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Fidelity D&D Bancorp enters SERP and split-dollar life insurance agreements with EVP Turkington

## Summary
- SERP credits $5,417 per month at 4% annual interest from June 1, 2024 until age 70; Board can adjust amount.
- Normal retirement benefit: 180 monthly installments; early termination after 4th plan year yields 60 installments at age 70.
- Change in control triggers lump sum of SERP plus present value of future credits, paid over 36 months.
- Split dollar agreement: beneficiary gets death benefit equal to lesser of 3x base salary or net BOLI proceeds; includes $50K group term.
- Post-separation death benefit (if vested) equals greater of 2x highest base salary or net death proceeds.

## SEC filing metadata
- accession: 0001437749-24-021945
- form_type: 8-K
- ticker: FDBC
- cik: 0001098151
- company_name: FIDELITY D & D BANCORP INC
- filed_at: 2024-07-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1098151/000143774924021945/0001437749-24-021945-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1098151/000143774924021945/fdbc20240702_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-021945
- JSON: https://secwatch.observer/filing/0001437749-24-021945.json
- Plain text: https://secwatch.observer/filing/0001437749-24-021945.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.