secwatch.observer — SEC 8-K summary
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Issuer:     MUNCY COLUMBIA FINANCIAL Corp (CCFN)
CIK:        0000731122
Form:       8-K
Filed at:   2024-12-11T23:59:59+00:00
Accession:  0001839882-24-044740
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Muncy Columbia amends bylaws on stock ownership; adopts new share ownership policy
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- Bylaw Section 10.2 amended: directors must now "beneficially own" shares under SEC Rule 13d-3, replacing prior naming requirement.
- New Section 16.4 authorizes board to set minimum beneficial ownership for designated officers by resolution.
- Board adopted Share Ownership Policy: CEO/President $200k, Senior EVP $150k, CFO $100k (if not already Senior EVP).
- Compliance deadline December 31, 2029 for current holders; 5 years for new appointees; promotions get 3-year extension.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731122/000183988224044740/0001839882-24-044740-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731122/000183988224044740/muncy-8k_121024.htm
  HTML page:      https://secwatch.observer/filing/0001839882-24-044740

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