Greene County Bancorp Announces Board and Officer Changes

TL;DR

GCBC board shuffle and new execs announced, check the details.

AI Summary

On July 1, 2024, Greene County Bancorp, Inc. filed an 8-K report detailing changes in its board of directors and certain officer appointments. The filing also includes information on compensatory arrangements for its officers. Specific details regarding the individuals involved, their new roles, and the financial implications of these arrangements are provided within the report.

Why It Matters

Changes in a company's board and executive officers can signal shifts in strategy, governance, or operational focus, potentially impacting future performance and shareholder value.

Risk Assessment

Risk Level: low — The filing reports routine corporate governance changes and officer appointments, which typically carry low immediate risk.

Key Players & Entities

• GREENE COUNTY BANCORP, INC. (company) — Registrant
• July 1, 2024 (date) — Date of earliest event reported
• 518-943-2600 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.10 — nge on which registered Common Stock, $0.10 par value GCBC The Nasdaq Stock Mar

Filing Documents

• ef20031984_8k.htm (8-K) — 29KB
• 0001140361-24-031898.txt ( ) — 162KB
• gcbc-20240701.xsd (EX-101.SCH) — 4KB
• gcbc-20240701_lab.xml (EX-101.LAB) — 21KB
• gcbc-20240701_pre.xml (EX-101.PRE) — 16KB
• ef20031984_8k_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 July 1, 2024, Greene County Bancorp, Inc. (the "Company"), the holding company of The Bank of Greene County (the "Bank"), announced the appointment of Nick Barzee as Senior Vice President and Chief Financial Officer of the Company. Mr. Barzee replaced Ms. Michelle Plummer upon her retirement from the Company and the Bank. Ms. Plummer's retirement is part of the Company's long-term succession planning and was previously announced by the Company on January 16, 2024. Mr. Barzee, age 39, has served as the Company's and Bank's Vice President, Director of Finance, since 2023. Mr. Barzee joined the Company and Bank as the Vice President, Controller in April 2021. Prior to joining the Company and Bank, Mr. Barzee served as a Senior Manager in financial services at KPMG where he held several positions of increasing responsibility since 2008. Mr. Barzee is a Certified Public Accountant. Mr. Barzee is not a party to any transaction with the Company or the Bank that would require disclosure under Item 404(a) of Securities and Exchange Commission Regulation S-K. In connection with his appointment as Senior Vice President and Chief Financial Officer of the Company, the Company designated Mr. Barzee as a participant in The Bank of Greene County Supplemental Executive Retirement Plan (the "SERP"), effective as of July 1, 2024. The SERP is intended to provide a benefit from the Bank upon retirement, death, disability or voluntary or involuntary termination of service other than for "cause," as defined in the SERP. Accordingly, the Bank contributes an amount to the executive's account on the first business day of each July and permits the executive to defer up to 50% of his salary and 100% of his bonus to the SERP. In addition, the Bank may, but is not required to, make additional discretionary contributions to the ex

Financial Statements and Exhibits

Financial Statements and Exhibits 104 Cover Page Interactive Data File--the cover page XBRL tags are 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. GREENE COUNTY BANCORP, INC. DATE: July 1, 2024 By: /s/ Donald E. Gibson Donald E. Gibson President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR