Blue Foundry Bancorp Announces Executive and Director Changes
Ticker: BLFY · Form: 8-K · Filed: Apr 8, 2024 · CIK: 1846017
Sentiment: neutral
Topics: management-change, board-of-directors, executive-appointments
TL;DR
Blue Foundry Bancorp reshuffled its board and exec team, effective April 2nd.
AI Summary
Blue Foundry Bancorp announced on April 2, 2024, changes in its executive and director roles. The company elected new directors and appointed new officers, alongside adjustments to compensatory arrangements for certain executives. These changes are effective as of April 2, 2024.
Why It Matters
Changes in leadership and director roles can signal shifts in company strategy or governance, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: medium — Changes in executive and director positions can introduce uncertainty regarding future strategy and operational stability.
Key Players & Entities
- Blue Foundry Bancorp (company) — Registrant
- April 2, 2024 (date) — Date of earliest event reported
- April 8, 2024 (date) — Filing date
FAQ
What specific roles were affected by the changes announced on April 2, 2024?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers', suggesting shifts in board membership and executive appointments.
Who are the newly elected directors or appointed officers?
The provided text does not explicitly name the individuals who were elected as directors or appointed as officers.
What is the effective date of these leadership changes?
The earliest event reported is dated April 2, 2024, and the filing states 'DATE AS OF CHANGE: 20240408', indicating the changes are effective around these dates.
Are there any details on the new compensatory arrangements for officers?
The filing mentions 'Compensatory Arrangements of Certain Officers' as an item of information, but the specific details of these arrangements are not provided in the excerpt.
What is the principal executive office address for Blue Foundry Bancorp?
The principal executive offices are located at 19 Park Avenue, Rutherford, New Jersey 07070.
Filing Stats: 479 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-04-08 17:11:52
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value BLFY The NASDAQ Stock Market
Filing Documents
- blue-20240402.htm (8-K) — 21KB
- 0001628280-24-015290.txt ( ) — 145KB
- blue-20240402.xsd (EX-101.SCH) — 2KB
- blue-20240402_lab.xml (EX-101.LAB) — 22KB
- blue-20240402_pre.xml (EX-101.PRE) — 13KB
- blue-20240402_htm.xml (XML) — 3KB
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. Blue Foundry Bancorp DATE: April 8, 2024 By: /s/ James D. Nesci James D. Nesci President and Chief Executive Officer