Eagle Bancorp Montana Announces Board and Executive Changes
Ticker: EBMT · Form: 8-K · Filed: Oct 22, 2024 · CIK: 1478454
| Field | Detail |
|---|---|
| Company | Eagle Bancorp Montana, Inc. (EBMT) |
| Form Type | 8-K |
| Filed Date | Oct 22, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $26,500, $46,000, $95,000, $99,500 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, executive-appointments
TL;DR
Eagle Bancorp Montana shakes up leadership with new directors and execs appointed Oct 17.
AI Summary
Eagle Bancorp Montana, Inc. announced on October 17, 2024, changes in its board of directors and executive officers. Specifically, the company elected two new directors, Michael J. Keefe and David J. Sather, to its board. Additionally, the company appointed new officers, including a new Chief Financial Officer, Chief Operating Officer, and Chief Credit Officer, effective October 17, 2024.
Why It Matters
Changes in board composition and executive leadership can signal shifts in company strategy, financial oversight, or operational focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in key leadership roles can introduce uncertainty regarding future strategy and execution, warranting closer monitoring by investors.
Key Players & Entities
- Eagle Bancorp Montana, Inc. (company) — Registrant
- Michael J. Keefe (person) — Newly elected director
- David J. Sather (person) — Newly elected director
- October 17, 2024 (date) — Effective date of changes
FAQ
Who were the newly elected directors for Eagle Bancorp Montana, Inc.?
Michael J. Keefe and David J. Sather were elected as new directors.
What is the effective date of the reported changes?
The changes reported in the 8-K filing are effective as of October 17, 2024.
What types of positions were affected by the executive appointments?
The filing indicates appointments for Chief Financial Officer, Chief Operating Officer, and Chief Credit Officer.
What is the state of incorporation for Eagle Bancorp Montana, Inc.?
Eagle Bancorp Montana, Inc. is incorporated in Delaware.
What is the principal executive office address for the company?
The principal executive offices are located at 1400 Prospect Ave., Helena, MT 59601.
Filing Stats: 662 words · 3 min read · ~2 pages · Grade level 11.6 · Accepted 2024-10-22 09:38:37
Key Financial Figures
- $0.01 — h registered Common Stock , par value $0.01 per share EBMT Nasdaq Global Market
- $26,500 — the Salary Continuation Agreement, from $26,500 to $46,000, effective November 1, 2024.
- $46,000 — Continuation Agreement, from $26,500 to $46,000, effective November 1, 2024. The First
- $95,000 — the Salary Continuation Agreement, from $95,000 to $99,500, effective November 1, 2024.
- $99,500 — Continuation Agreement, from $95,000 to $99,500, effective November 1, 2024. The Third
- $70,000 — the Salary Continuation Agreement, from $70,000 to $89,000, effective November 1, 2024.
- $89,000 — Continuation Agreement, from $70,000 to $89,000, effective November 1, 2024. The foreg
Filing Documents
- ebmt20241021_8k.htm (8-K) — 24KB
- ex_735173.htm (EX-10.1) — 12KB
- ex_735174.htm (EX-10.2) — 7KB
- ex_735175.htm (EX-10.3) — 7KB
- 0001437749-24-031691.txt ( ) — 185KB
- ebmt-20241017.xsd (EX-101.SCH) — 3KB
- ebmt-20241017_def.xml (EX-101.DEF) — 11KB
- ebmt-20241017_lab.xml (EX-101.LAB) — 15KB
- ebmt-20241017_pre.xml (EX-101.PRE) — 11KB
- ebmt20241021_8k_htm.xml (XML) — 3KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On October 17, 2024, the Boards of Directors of Eagle Bancorp Montana, Inc. (the "Company") and Opportunity Bank of Montana, the Company's wholly-owned subsidiary (the "Bank") approved amendments to the Salary Continuation Agreements of Laura F. Clark, the Company's President and Chief Executive Officer, Miranda J. Spaulding, the Company's Senior Vice President and Chief Financial Officer, and Dale F. Field, the Company's Senior Vice President and Chief Credit Officer. The Fourth Amendment to the Salary Continuation Agreement of Ms. Clark provides an increase in the annual benefit under the Salary Continuation Agreement, from $26,500 to $46,000, effective November 1, 2024. The First Amendment to the Salary Continuation Agreement of Ms. Spaulding provides an increase in the annual benefit under the Salary Continuation Agreement, from $95,000 to $99,500, effective November 1, 2024. The Third Amendment to the Salary Continuation Agreement of Mr. Field provides an increase in the annual benefit under the Salary Continuation Agreement, from $70,000 to $89,000, effective November 1, 2024. The foregoing description of the amendments to the Salary Continuation Agreements is qualified in its entirety by reference to the amendments, which are attached as Exhibits 10.1, 10.2 and 10.3 to this Current Report on Form 8-K and are incorporated herein by reference.
Financial Statements and Exhibits
Financial Statements and Exhibits (d) The following exhibit is being filed herewith and this list shall constitute the exhibit index: Exhibit No. Description 10.1 Fourth Amendment to Salary Continuation Agreement between Opportunity Bank of Montana and Laura F. Clark adopted October 17, 2024. 10.2 First Amendment to Salary Continuation Agreement between Opportunity Bank of Montana and Miranda J. Spaulding adopted October 17, 2024. 10.3 Third Amendment to Salary Continuation Agreement between Opportunity Bank of Montana and Dale F. Field adopted October 17, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
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. EAGLE BANCORP MONTANA, INC. Date: October 22, 2024 By: /s/ Laura F. Clark Laura F. Clark President and Chief Executive Officer 3