Blue Foundry Bancorp Files 8-K on Executive Changes & Agreements
Ticker: BLFY · Form: 8-K · Filed: Nov 25, 2025 · CIK: 1846017
Sentiment: neutral
Topics: corporate-governance, executive-changes, material-agreement
TL;DR
Blue Foundry Bancorp 8-K: Exec shakeup and new deals filed 11/25.
AI Summary
Blue Foundry Bancorp filed an 8-K on November 25, 2025, reporting on the entry into a material definitive agreement, the departure and election of directors and officers, and compensatory arrangements. The filing also includes Regulation FD disclosures and financial statements/exhibits. The report covers events as of November 24, 2025.
Why It Matters
This filing indicates significant corporate governance and executive personnel changes at Blue Foundry Bancorp, which could impact the company's strategic direction and operational stability.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with material definitive agreements, can signal shifts in strategy or potential disruptions, warranting closer attention.
Key Players & Entities
- Blue Foundry Bancorp (company) — Registrant
- November 24, 2025 (date) — Date of earliest event reported
- November 25, 2025 (date) — Filing date
- 19 Park Avenue, Rutherford, New Jersey 07070 (location) — Principal Executive Offices
FAQ
What specific material definitive agreement did Blue Foundry Bancorp enter into?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.
Who are the directors or officers that have departed from Blue Foundry Bancorp?
The filing mentions the departure of directors or certain officers, but their names are not specified in the provided text.
Who has been elected as new directors or appointed as officers at Blue Foundry Bancorp?
The filing notes the election of directors and appointment of certain officers, but their identities are not detailed in the provided text.
What is the primary business of Blue Foundry Bancorp?
Blue Foundry Bancorp is classified under the Standard Industrial Classification code 6036, which corresponds to Savings Institutions, Not Federally Chartered.
When is Blue Foundry Bancorp's fiscal year end?
Blue Foundry Bancorp's fiscal year ends on December 31.
Filing Stats: 3,513 words · 14 min read · ~12 pages · Grade level 15.8 · Accepted 2025-11-25 06:30:29
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value BLFY The NASDAQ Stock Mar
- $2.50 — res of Fulton's common stock, par value $2.50 per share ("Fulton Common Stock") (the
- $9,694,662 — ired to pay Fulton a termination fee of $9,694,662. In connection with the Merger Agreem
- $4,311,000 — d Ms. Pecoraro will receive payments of $4,311,000 and $2,601,000, respectively, pursuant
- $2,601,000 — will receive payments of $4,311,000 and $2,601,000, respectively, pursuant to the terms of
Filing Documents
- d922774d8k.htm (8-K) — 58KB
- d922774dex21.htm (EX-2.1) — 888KB
- d922774dex101.htm (EX-10.1) — 49KB
- d922774dex102.htm (EX-10.2) — 33KB
- d922774dex103.htm (EX-10.3) — 34KB
- d922774dex991.htm (EX-99.1) — 30KB
- d922774dex992.htm (EX-99.2) — 7KB
- g922774ex99_2p10g1.jpg (GRAPHIC) — 408KB
- g922774ex99_2p11g1.jpg (GRAPHIC) — 197KB
- g922774ex99_2p12g1.jpg (GRAPHIC) — 60KB
- g922774ex99_2p13g1.jpg (GRAPHIC) — 200KB
- g922774ex99_2p1g1.jpg (GRAPHIC) — 348KB
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- g922774ex99_2p3g1.jpg (GRAPHIC) — 557KB
- g922774ex99_2p4g1.jpg (GRAPHIC) — 378KB
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- g922774ex99_2p6g1.jpg (GRAPHIC) — 397KB
- g922774ex99_2p7g1.jpg (GRAPHIC) — 297KB
- g922774ex99_2p8g1.jpg (GRAPHIC) — 451KB
- g922774ex99_2p9g1.jpg (GRAPHIC) — 314KB
- g922774g1124023513756.jpg (GRAPHIC) — 5KB
- g922774g1124023513925.jpg (GRAPHIC) — 7KB
- 0001193125-25-294478.txt ( ) — 7789KB
- blfy-20251124.xsd (EX-101.SCH) — 3KB
- blfy-20251124_lab.xml (EX-101.LAB) — 18KB
- blfy-20251124_pre.xml (EX-101.PRE) — 11KB
- d922774d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. 2.1 Agreement and Plan of Merger dated November 24, 2025 by and between Fulton Financial Corporation and Blue Foundry Bancorp* 10.1 Form of Voting Agreement executed by all directors and certain executive officers of Blue Foundry Bancorp 10.2 Settlement and Restrictive Covenant Agreement by and among James D. Nesci, Blue Foundry Bank and Blue Foundry Bancorp dated November 24, 2025 10.3 Settlement and Restrictive Covenant Agreement by and among Kelly Pecoraro, Blue Foundry Bank and Blue Foundry Bancorp dated November 24, 2025 99.1 Press Release dated November 24, 2025 99.2 Investor Presentation, dated November 24, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Schedules and similar attachments have been omitted pursuant to Item 601(a)(5) and 601(b)(2) of Regulation S-K. A copy of any omitted schedules will be furnished supplementally to the Securities and Exchange Commission upon its request. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This communication contains "forward-looking statements." Forward-looking statements can be identified by the use of words such as "may," "should," "will," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future," "intends," "projects," the negative of these terms and other comparable terminology. These forward-looking statements include, but are not limited to, statements regarding the outlook and expectations of Fulton and Blue Foundry with respect to the proposed business combination between Fulton and Blue Foundry (the "Proposed Transaction"), the strategic benefits and financial benefits of the Proposed Transaction, including the expected impact of the Proposed Transaction on Fulton's future financial performance (including anticipated accretion to earnings per share and other metrics), and the timing of the closing of the Prop
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: November 25, 2025 By: /s/ James D. Nesci James D. Nesci President and Chief Executive Officer