secwatch.observer — SEC 8-K summary
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Issuer:     Rhinebeck Bancorp, Inc. (RBKB)
CIK:        0001751783
Form:       8-K
Filed at:   2025-03-21T23:59:59+00:00
Accession:  0001751783-25-000008
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rhinebeck Bancorp CEO Michael J. Quinn to retire after 40 years; board initiates search
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- Michael J. Quinn to retire after 40-year career with Rhinebeck Bank, including 20 years as CEO.
- He will remain as President and CEO until successor found or earlier of December 31, 2025.
- Board formed a Search Committee and will use an executive search firm to find next CEO.
- Retirement Separation Agreement provides base salary through 2025, 2025 bonus, COBRA premiums, and club/car benefits.
- Retirement not related to any disagreement with the Company, Bank, or MHC on operations, policies, or practices.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751783/000175178325000008/0001751783-25-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751783/000175178325000008/rbkb-20250321x8k.htm
  HTML page:      https://secwatch.observer/filing/0001751783-25-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer