secwatch.observer — SEC 8-K summary
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Issuer:     FIDELITY D & D BANCORP INC (FDBC)
CIK:        0001098151
Form:       8-K/A
Filed at:   2025-12-29T23:59:59+00:00
Accession:  0001437749-25-038783
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098151/000143774925038783/0001437749-25-038783-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098151/000143774925038783/fdbc20251224_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-038783

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