secwatch.observer — SEC 8-K summary
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Issuer:     Catalyst Bancorp, Inc. (CLST)
CIK:        0001849867
Form:       8-K
Filed at:   2023-09-15T23:59:59+00:00
Accession:  0001849867-23-000033
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Catalyst Bancorp enters 3-year employment agreements with Director of Operations and CFO
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- Amanda Quebedeaux (Dir. of Operations) base salary $147,000; Jacques Bourque (CFO) base salary $95,000.
- Agreements run Sept 13, 2023 to Sept 12, 2026; subject to renewal review.
- Termination without cause or for good reason triggers lump-sum severance equal to 12 months base salary.
- Change-in-control severance: 12 months base salary plus continued health coverage for up to 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849867/000184986723000033/0001849867-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849867/000184986723000033/clst-20230913x8k.htm
  HTML page:      https://secwatch.observer/filing/0001849867-23-000033

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