---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-009926"
form_type: "8-K"
ticker: "HNVR"
cik: "0001828588"
company_name: "Hanover Bancorp, Inc. /MD"
filed_at: "2024-07-22T23:59:59+00:00"
generated_at: "2026-05-31T18:36:36.170659+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Hanover Bancorp enters into 3-year employment agreement with CFO Lance Burke

## Summary
- Lance Burke, CFO, gets $350k base salary, $800/mo auto allowance, subject to annual review.
- Employment term is 3 years, automatically renews annually unless 90-120 day notice given.
- Severance without cause: lump sum of base salary + highest bonus in 3 years + annual auto allowance, plus 1yr benefits.
- Change in control: severance 2x the same components, plus 2yr benefits, subject to 280G adjustment.

## SEC filing metadata
- accession: 0001558370-24-009926
- form_type: 8-K
- ticker: HNVR
- cik: 0001828588
- company_name: Hanover Bancorp, Inc. /MD
- filed_at: 2024-07-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828588/000155837024009926/0001558370-24-009926-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828588/000155837024009926/hnvr-20240718x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-009926
- JSON: https://secwatch.observer/filing/0001558370-24-009926.json
- Plain text: https://secwatch.observer/filing/0001558370-24-009926.txt

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