Fidelity D&D Bancorp amends separation agreement with EVP/Chief Credit Officer Pacyna; non-compete cut to 15 months

FIDELITY D & D BANCORP INC

Michael J. Pacyna, Jr., EVP and Chief Credit Officer, voluntarily separated on Dec. 12, 2025; agreement amended to correct clerical errors.
Severance pay of 28 weeks at regular salary through June 26, 2026, plus conditional 12 more weeks if unemployed (through Sept. 18, 2026).
Non-compete covenant reduced from 2 years to 15 months; bank may consider waiving under certain conditions.
2025 executive bonus to be paid in Jan. 2026 at target for individual component; health insurance COBRA with bank contributions through at least June 30, 2026.
Mr. Pacyna retains vested SERP benefits; waives future stock vesting after the agreement becomes effective.

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