First Seacoast Bancorp Appoints New Directors, Updates Executive Pay
Ticker: FSEA · Form: 8-K · Filed: Jan 31, 2025 · CIK: 1943802
| Field | Detail |
|---|---|
| Company | First Seacoast Bancorp, Inc. (FSEA) |
| Form Type | 8-K |
| Filed Date | Jan 31, 2025 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
First Seacoast Bancorp adds 2 directors and updates exec pay packages.
AI Summary
On January 30, 2025, First Seacoast Bancorp, Inc. announced changes in its board of directors and executive compensation. The company elected two new directors, Michael J. O'Donnell and David A. Ross, to its Board, effective immediately. Additionally, the company entered into new employment agreements with its named executive officers, including President and CEO, Robert J. mActivity, and CFO, Timothy J. Johnson.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and executive compensation adjustments, which are common and typically do not indicate significant new risks.
Key Players & Entities
- First Seacoast Bancorp, Inc. (company) — Registrant
- Michael J. O'Donnell (person) — Newly elected director
- David A. Ross (person) — Newly elected director
- Robert J. mActivity (person) — President and CEO
- Timothy J. Johnson (person) — CFO
- January 30, 2025 (date) — Date of earliest event reported
FAQ
Who were the newly elected directors for First Seacoast Bancorp, Inc.?
Michael J. O'Donnell and David A. Ross were elected as new directors.
When were the changes in directors and officers effective?
The changes were effective as of January 30, 2025.
What other significant event was reported in this 8-K filing?
The company also reported on compensatory arrangements for certain officers.
What is the principal executive office address for First Seacoast Bancorp, Inc.?
The principal executive offices are located at 633 Central Avenue, Dover, New Hampshire 03820.
What is the Central Index Key (CIK) for First Seacoast Bancorp, Inc.?
The Central Index Key for First Seacoast Bancorp, Inc. is 0001943802.
Filing Stats: 435 words · 2 min read · ~1 pages · Grade level 9.7 · Accepted 2025-01-31 12:19:22
Key Financial Figures
- $0.01 — ich Registered Common stock, par value $0.01 per share FSEA The Nasdaq Stock Mar
Filing Documents
- form8k.htm (8-K) — 23KB
- 0000943374-25-000036.txt ( ) — 157KB
- fsea-20250130.xsd (EX-101.SCH) — 4KB
- fsea-20250130_lab.xml (EX-101.LAB) — 22KB
- fsea-20250130_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 30, 2025, First Seacoast Bank extended the terms of the Employment Agreements with each of James R. Brannen, Richard M. Donovan and Timothy F. Dargan, such that the terms of the Employment Agreements expire on March 31, 2028 (with respect to Mr. Brannen) and March 31, 2027 (with respect to Messrs. Donovan and Dargan).
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. FIRST SEACOAST BANCORP, INC. Dated: J anuary 31, 2025 By: /s/ James R. Brannen James R. Brannen President and Chief Executive Officer