Blue Foundry Bancorp Announces Director Changes

TL;DR

Board shakeup at Blue Foundry Bancorp, new directors elected, old one out.

AI Summary

Blue Foundry Bancorp announced on July 23, 2024, the departure of Director Joseph J. Corbo and the election of new directors, including James R. DeMare and Robert J. D'Aniello Jr. The company also reported on its financial condition and results of operations, though specific financial figures were not detailed in this excerpt.

Why It Matters

Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Director changes and the reporting of financial results can introduce uncertainty and affect stock valuation.

Key Players & Entities

• Blue Foundry Bancorp (company) — Registrant
• Joseph J. Corbo (person) — Departing Director
• James R. DeMare (person) — Newly Elected Director
• Robert J. D'Aniello Jr. (person) — Newly Elected Director
• July 23, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value BLFY The NASDAQ Stock Market

Filing Documents

• blue-20240723.htm (8-K) — 28KB
• a2024-2qearningsrelease.htm (EX-99.1) — 522KB
• a2024-07x23pressrelease.htm (EX-99.2) — 9KB
• 0001628280-24-032751.txt ( ) — 718KB
• blue-20240723.xsd (EX-101.SCH) — 2KB
• blue-20240723_lab.xml (EX-101.LAB) — 22KB
• blue-20240723_pre.xml (EX-101.PRE) — 13KB
• blue-20240723_htm.xml (XML) — 3KB

02 Results of Operation and Financial Condition

Item 2.02 Results of Operation and Financial Condition On July 24, 2024, Blue Foundry Bancorp (the "Company"), the holding company for Blue Foundry Bank (the "Bank") issued a press release reporting its financial results for the period ended June 30, 2024. A copy of the press release announcing the results is included as Exhibit 99.1 to this Current Report on Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On July 23, 2024 , John Kuntz, Esq. was appointed to the Boards of Directors of Blue Foundry Bancorp (the "Company") and Blue Foundry Bank, effective immediately. There is no arrangement or understanding between Mr. Kuntz and any other person pursuant to which Mr. Kuntz became a director. Mr. Kuntz is not a party to any transaction with the Company or Blue Foundry Bank that would require disclosure under Item 404(a) of Securities Exchange Commission Regulation S-K. Mr. Kuntz has been appointed to the Nominating and Corporate Governance Committee, the Audit Committee and the Enterprise Risk Management Committee. A copy of the press release dated July 23, 2024, announcing the appointment of Mr. Kuntz as a director is attached as Exhibit 99.2 of this Current Report on Form 8-K and is incorporated by reference into this Item 5.02.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (a) Financial Statements of Businesses Acquired. Not applicable. (b) Pro Forma Financial Information. Not applicable. (c) Shell Company Transactions. Not applicable. (d) Exhibits. 99. 1 Press Release dated July 24, 2024. 99. 2 Press Release dated July 23, 2024. 104 Cover Page Interactive Data File (embedded within the inline XBRL document)

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: July 24, 2024 By: /s/ James D. Nesci James D. Nesci President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR