Bogota Financial Corp. Reports Director and Officer Changes
Ticker: BSBK · Form: 8-K · Filed: Jan 30, 2025 · CIK: 1787414
| Field | Detail |
|---|---|
| Company | Bogota Financial Corp. (BSBK) |
| Form Type | 8-K |
| Filed Date | Jan 30, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 B |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, governance, personnel
TL;DR
Bogota Financial Corp. just swapped out some execs and board members, expect new strategies.
AI Summary
Bogota Financial Corp. announced on January 29, 2025, changes in its board and officer appointments. Specifically, the company elected new directors and appointed certain officers, alongside adjustments to compensatory arrangements for these officers. The filing details these personnel changes and their associated compensation structures.
Why It Matters
Changes in board composition and officer appointments can signal shifts in company strategy, governance, and future performance.
Risk Assessment
Risk Level: medium — Changes in key leadership and compensation can introduce uncertainty and impact future company direction.
Key Players & Entities
- Bogota Financial Corp. (company) — Registrant
- January 29, 2025 (date) — Date of earliest event reported
- 819 Teaneck Road, Teaneck, New Jersey 07666 (location) — Principal Executive Offices
FAQ
What specific roles have been filled or changed for the newly appointed officers?
The filing indicates the appointment of certain officers but does not specify the exact roles in this summary.
Who are the newly elected directors of Bogota Financial Corp.?
The filing states that directors have been elected, but their names are not provided in this section.
What are the details of the compensatory arrangements for the newly appointed officers?
The filing mentions compensatory arrangements for certain officers, but the specific details are not elaborated upon in this summary.
What is the effective date of these director and officer changes?
The earliest event reported is dated January 29, 2025.
Does this filing indicate any resignations or departures of current directors or officers?
The filing is categorized under 'Departure of Directors or Certain Officers,' suggesting such events may have occurred, but specific names are not detailed here.
Filing Stats: 454 words · 2 min read · ~2 pages · Grade level 10.6 · Accepted 2025-01-30 11:02:44
Key Financial Figures
- $0.01 B — ich registered Common Stock, par value $0.01 BSBK The Nasdaq Stock Market, LLC Ind
Filing Documents
- form8k.htm (8-K) — 23KB
- ex99-1.htm (EX-99.1) — 66KB
- 0000943374-25-000026.txt ( ) — 224KB
- bsbk-20250129.xsd (EX-101.SCH) — 4KB
- bsbk-20250129_lab.xml (EX-101.LAB) — 22KB
- bsbk-20250129_pre.xml (EX-101.PRE) — 16KB
- form8k_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On January 29, 2025, Bogota Financial Corp. (the "Company") appointed Peter T. Donnelly to the board of directors of the Company, effective March 26, 2025. Mr. Donnelly will also serve on the Company's Audit Committee and IT Committee. There are no arrangements or understandings between Mr. Donnelly and any other person pursuant to which Mr. Donnelly became a director. Mr. Donnelly is not a party to any transaction that would require disclosure under Item 404(a) of Securities and Exchange Commission Regulation S-K.
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. BOGOTA FINANCIAL CORP. DATE: January 30, 2025 By: /s/ Kevin Pace Kevin Pace President and Chief Executive Officer