secwatch.observer — SEC 8-K summary
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Issuer:     Catalyst Bancorp, Inc. (CLST)
CIK:        0001849867
Form:       8-K
Filed at:   2026-08-18T15:54:07+00:00
Accession:  0001849867-26-000018
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Catalyst Bancorp signs new 3-year CEO employment agreement with Joseph Zanco
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- Term Aug 17, 2026 to Aug 17, 2029; base salary $350,000, subject to board increases.
- Severance: 12 months base salary for termination without cause/good reason; 36 months if within 30 days after change in control.
- Benefits: $500k life insurance, $750k SERP vesting over 15 years, max stock allocation (25% of pools).
- Perks: $1,500/month vehicle allowance, $150/month phone allowance, 36 days PTO annually.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849867/000184986726000018/0001849867-26-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849867/000184986726000018/clst-20260817x8k.htm
  HTML page:      https://secwatch.observer/filing/0001849867-26-000018

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