secwatch.observer — SEC 8-K summary
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Issuer:     Amalgamated Financial Corp. (AMAL)
CIK:        0001823608
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001823608-25-000012
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amended employment agreement for EVP Searby: $420k base, $420k retention RSU
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- Base salary set at $420,000 per year; bonus and equity targets each at 40% of base.
- One-time retention award of $420,000 in RSUs to be granted on Sept 1, 2025.
- Term of 36 months with annual auto-renewals; severance of 12 months base plus bonus (non-CIC).
- Change-in-control severance: 21 months base plus 175% of target bonus.
- Confidentiality, non-compete, and non-solicitation covenants apply for 12+ months post-termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823608/000182360825000012/0001823608-25-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823608/000182360825000012/amal-20250224.htm
  HTML page:      https://secwatch.observer/filing/0001823608-25-000012

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