secwatch.observer — SEC 8-K summary
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Issuer:     FIDELITY D & D BANCORP INC (FDBC)
CIK:        0001098151
Form:       8-K
Filed at:   2025-12-18T23:59:59+00:00
Accession:  0001437749-25-038321
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fidelity D&D Bancorp terminates EVP/Chief Credit Officer Michael Pacyna; separation includes $240K+ severance
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- Michael Pacyna Jr. terminated as EVP and Chief Credit Officer effective Dec. 12, 2025.
- Severance pay for 28 weeks plus 2025 executive bonus of $239,975.02 payable Jan. 2026.
- Conditional supplementary severance of up to 12 weeks at 80% salary ($46,587.64 max).
- Bank pays employer health premiums through June 30, 2026; non-compete reduced from 2 years to 15 months.
- Departments previously managed by CCO reassigned to Chief Risk Officer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098151/000143774925038321/0001437749-25-038321-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098151/000143774925038321/fdbc20251216_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-038321

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