secwatch.observer — SEC 8-K summary
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Issuer:     Federal Home Loan Bank of New York (—)
CIK:        0001329842
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0001654954-24-010323
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FHLB New York enters severance agreement with departing CAO Edwin Artuz for $561,600
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- Edwin Artuz, Chief Administrative Officer and SVP, left FHLB NY effective July 1, 2024.
- Severance payment of $561,600 includes 9 months base pay ($330,000), incentive compensation ($165,000), profit sharing, and medical continuation ($27,000).
- Lump-sum payment conditioned on FHFA non-objection, made within 30 days of August 8, 2024 effective date.
- Agreement includes general release of all employment-related claims and confidentiality provisions.
- FHLB NY denies any wrongdoing; separation described as avoiding litigation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1329842/000165495424010323/0001654954-24-010323-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1329842/000165495424010323/fhlbny_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-010323

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