secwatch.observer — SEC 8-K summary
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Issuer:     Amalgamated Financial Corp. (AMAL)
CIK:        0001823608
Form:       8-K
Filed at:   2025-03-25T23:59:59+00:00
Accession:  0001823608-25-000021
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Priscilla Brown gets new contract with $1.08M base salary; bonus deferral plan also adopted
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- CEO Priscilla Sims Brown's amended agreement sets base salary at $1,080,000, target bonus 80% of base, and target equity grant $1,560,000.
- Severance upon without-cause termination equals 12 months salary plus 1x or 1.75x annual target bonus, depending on change-in-control proximity.
- New Bonus Deferral Plan allows eligible executives to defer up to 100% of annual bonus into DSUs, with company match up to 35% of deferred amount, vesting based on age and service.
- CEO's contract term is 36 months, auto-renews annually unless either party gives 90-day non-renewal notice.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823608/000182360825000021/0001823608-25-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823608/000182360825000021/amal-20250319.htm
  HTML page:      https://secwatch.observer/filing/0001823608-25-000021

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