8-K
filed February 14, 2024, 6:59 PM ET
ticker CCFN
CIK 0000731122
leadership
confidence high
sentiment neutral
materiality 0.55
Muncy Columbia appoints Diehl as President & CEO, Glunk as Executive Chairman; six directors resign
MUNCY COLUMBIA FINANCIAL Corp
- Six directors resigned effective Feb 13, 2024, per April 2023 shareholder voting agreements from merger with CCFNB.
- Lance O. Diehl named President & CEO of company and Journey Bank; annual salary $390,000, part-time duties phased in over two years.
- Robert J. Glunk named Executive Chairman of company and Journey Bank; annual salary $390,000, part-time duties phased in, SERP retirement age reduced to 63.
- Both executives signed Amended & Restated Employment Agreements with severance provisions (2.99x salary on change-in-control).
- Resigned directors appointed to Journey Bank Advisory Board for 3 years at $25,000 annual compensation each.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robert M. Brewington, Jr. resigned as Director at MUNCY COLUMBIA FINANCIAL Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
the following directors resigned from the boards of directors of Muncy Columbia Financial Corporation (the “Company”) and its wholly-owned subsidiary Journey Bank: Robert M. Brewington, Jr., Russell S. Cotner, Joanne I. Keenan, Andrew B. Pruden, Robert Rabb and David Wallis
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Russell S. Cotner resigned as Director at MUNCY COLUMBIA FINANCIAL Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
the following directors resigned from the boards of directors of Muncy Columbia Financial Corporation (the “Company”) and its wholly-owned subsidiary Journey Bank: Robert M. Brewington, Jr., Russell S. Cotner, Joanne I. Keenan, Andrew B. Pruden, Robert Rabb and David Wallis
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Andrew B. Pruden resigned as Director at MUNCY COLUMBIA FINANCIAL Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
the following directors resigned from the boards of directors of Muncy Columbia Financial Corporation (the “Company”) and its wholly-owned subsidiary Journey Bank: Robert M. Brewington, Jr., Russell S. Cotner, Joanne I. Keenan, Andrew B. Pruden, Robert Rabb and David Wallis
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joanne I. Keenan resigned as Director at MUNCY COLUMBIA FINANCIAL Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
the following directors resigned from the boards of directors of Muncy Columbia Financial Corporation (the “Company”) and its wholly-owned subsidiary Journey Bank: Robert M. Brewington, Jr., Russell S. Cotner, Joanne I. Keenan, Andrew B. Pruden, Robert Rabb and David Wallis
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Wallis resigned as Director at MUNCY COLUMBIA FINANCIAL Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
the following directors resigned from the boards of directors of Muncy Columbia Financial Corporation (the “Company”) and its wholly-owned subsidiary Journey Bank: Robert M. Brewington, Jr., Russell S. Cotner, Joanne I. Keenan, Andrew B. Pruden, Robert Rabb and David Wallis
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lance O. Diehl was appointed as President and Chief Executive Officer at MUNCY COLUMBIA FINANCIAL Corp.
- Action
- appointed
- Role
- President and Chief Executive Officer
Exact text from the filing
appointed Lance O. Diehl as President and Chief Executive Officer of both the Company and Journey Bank
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robert Rabb resigned as Director at MUNCY COLUMBIA FINANCIAL Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
the following directors resigned from the boards of directors of Muncy Columbia Financial Corporation (the “Company”) and its wholly-owned subsidiary Journey Bank: Robert M. Brewington, Jr., Russell S. Cotner, Joanne I. Keenan, Andrew B. Pruden, Robert Rabb and David Wallis
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robert J. Glunk was appointed as Executive Chairman at MUNCY COLUMBIA FINANCIAL Corp.
- Action
- appointed
- Role
- Executive Chairman
Exact text from the filing
appointed Robert J. Glunk as Executive Chairman of both the Company and Journey Bank
View on SEC.gov
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