Amalgamated Financial Corp. Files 8-K

Ticker: AMAL · Form: 8-K · Filed: Dec 5, 2024 · CIK: 1823608

Sentiment: neutral

Topics: 8-K, material-agreement, financial-statements

TL;DR

Amalgamated Financial Corp. filed an 8-K on Nov 29, 2024, reporting material agreements and financials.

AI Summary

Amalgamated Financial Corp. filed an 8-K on December 5, 2024, reporting on a material definitive agreement and financial statements. The filing date for the report is November 29, 2024. The company is incorporated in Delaware and headquartered at 275 Seventh Avenue, New York, NY.

Why It Matters

This 8-K filing indicates significant corporate actions or agreements by Amalgamated Financial Corp., requiring disclosure to investors.

Risk Assessment

Risk Level: low — This filing is a standard corporate disclosure and does not inherently present new risks.

Key Players & Entities

FAQ

What is the primary purpose of this 8-K filing for Amalgamated Financial Corp.?

The primary purpose is to report on the entry into a material definitive agreement and to provide financial statements and exhibits, as indicated by the 'ITEM INFORMATION' section.

When was the earliest event reported in this filing?

The earliest event reported was on November 29, 2024.

What is the principal executive office address for Amalgamated Financial Corp.?

The principal executive office is located at 275 Seventh Avenue, New York, New York 10001.

In which state is Amalgamated Financial Corp. incorporated?

Amalgamated Financial Corp. is incorporated in Delaware.

What is the SIC code for Amalgamated Financial Corp.?

The Standard Industrial Classification (SIC) code for Amalgamated Financial Corp. is 6022, which corresponds to STATE COMMERCIAL BANKS.

Filing Stats: 627 words · 3 min read · ~2 pages · Grade level 11.1 · Accepted 2024-12-05 16:30:24

Key Financial Figures

Filing Documents

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. Certain of Amalgamated Financial Corp.'s (the "Company") office and clerical employees are covered by a Collective Bargaining Agreement between the Company and the Office & Professional Employees International Union ("OPEIU"), Local 153, AFL-CIO. The agreement generally governs, among other things, the subject employees' compensation, vacation, severance, and working conditions and contains a "no-strike" clause, whereby, during the term of the agreement, the union will not strike, and the Company will not initiate a lockout. On November 29, 2024, the Company and the OPEIU entered into a new Collective Bargaining Agreement, included as Exhibit 99.1 to this Current Report on Form 8-K, which (i) extended the term of the collective bargaining agreement to June 30, 2026, (ii) provided for a 3.5% wage increase per annum for the term of the agreement, and (iii) made certain modifications to reflect improved terms, inclusive of a healthcare reimbursement account (HRA). The information in this Item 1.01, including Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be deemed incorporated by reference into any filing with the Securities and Exchange Commission, except as expressly set forth by specific reference in such a filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits The following exhibit index lists the exhibits that are either filed or furnished with this Current Report on Form 8-K: Exhibit Index Exhibit No. Description 99.1 Collective Bargaining Agreement, dated November 29, 2024. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMALGAMATED FINANCIAL CORP. By: /s/ Priscilla Sims Brown Name: Priscilla Sims Brown Title: President and Chief Executive Officer Date: November 29, 2024 2

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