---
schema_version: "secwatch.filing_event.v1"
accession: "0001849867-23-000027"
form_type: "8-K"
ticker: "CLST"
cik: "0001849867"
company_name: "Catalyst Bancorp, Inc."
filed_at: "2023-07-21T23:59:59+00:00"
generated_at: "2026-06-13T05:07:20.523297+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Catalyst Bancorp signs CEO employment agreement; chief credit officer resigns

## Summary
- CEO Joseph B. Zanco new employment agreement effective Aug 17, 2023–Aug 17, 2026; base salary $300K, may increase.
- Severance: 12 months base salary for involuntary termination; 36 months base for change-in-control termination.
- SERP benefit $750K vesting over 15 years; additional $500K life insurance; max stock allocation (25% of pools).
- SVP & Chief Credit Officer Simone S. Perry resigned effective July 28, 2023 amicably to pursue other opportunity.

## SEC filing metadata
- accession: 0001849867-23-000027
- form_type: 8-K
- ticker: CLST
- cik: 0001849867
- company_name: Catalyst Bancorp, Inc.
- filed_at: 2023-07-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849867/000184986723000027/0001849867-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849867/000184986723000027/clst-20230717x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001849867-23-000027
- JSON: https://secwatch.observer/filing/0001849867-23-000027.json
- Plain text: https://secwatch.observer/filing/0001849867-23-000027.txt

## Key facts
- Executive change
  Simone S. Perry resigned as Senior Vice President and Chief Credit Officer at Catalyst Bancorp, Inc..
  - Action: resigned
  - Role: Senior Vice President and Chief Credit Officer
  source text: Also, by notice dated July 17, 2023, Simone S. Perry, Senior Vice President and Chief Credit Officer of the Bank, resigned from her position at the Bank effective as of the close of business on July 28, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849867/000184986723000027/0001849867-23-000027-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.