LINKBANCORP Files 8-K: Operations, Board Changes, and Compensation

Ticker: LNKB · Form: 8-K · Filed: Oct 28, 2024 · CIK: 1756701

Linkbancorp, Inc. 8-K Filing Summary
FieldDetail
CompanyLinkbancorp, Inc. (LNKB)
Form Type8-K
Filed DateOct 28, 2024
Risk Levelmedium
Pages3
Reading Time3 min
Key Dollar Amounts$0.01
Sentimentneutral

Sentiment: neutral

Topics: corporate-governance, financial-results, executive-compensation

TL;DR

LINKBANCORP 8-K: Financials updated, board shuffled, exec comp detailed.

AI Summary

On October 28, 2024, LINKBANCORP, Inc. filed an 8-K report detailing results of operations and financial condition. The filing also announced the departure of a director, the election of new directors, and the appointment of certain officers, along with compensatory arrangements. Additionally, it included information on Regulation FD disclosures and financial statements and exhibits.

Why It Matters

This filing provides crucial updates on LINKBANCORP's financial performance and significant changes in its leadership and governance structure, impacting investor understanding of the company's direction.

Risk Assessment

Risk Level: medium — The filing covers a range of significant corporate events including financial results, director departures/elections, and officer appointments, which can introduce uncertainty.

Key Players & Entities

  • LINKBANCORP, Inc. (company) — Registrant
  • Pennsylvania (location) — State of Incorporation
  • October 28, 2024 (date) — Date of Report

FAQ

What specific financial results are detailed in this 8-K filing?

The filing indicates it covers 'Results of Operations and Financial Condition' but does not provide specific figures within the provided text.

Who is the departing director and who are the newly elected directors?

The filing mentions the 'Departure of Directors' and 'Election of Directors' but does not name the individuals involved in the provided text.

What are the key details regarding the appointment of certain officers and their compensatory arrangements?

The filing notes 'Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers' but does not specify names or amounts in the provided text.

What is the primary purpose of the Regulation FD Disclosure mentioned in the filing?

Regulation FD Disclosure ensures that material non-public information is broadly disseminated to the public, preventing selective disclosure.

What is LINKBANCORP, Inc.'s state of incorporation and principal executive office location?

LINKBANCORP, Inc. is incorporated in Pennsylvania and its principal executive offices are located at 1250 Camp Hill Bypass, Suite 202, Camp Hill, Pennsylvania.

Filing Stats: 830 words · 3 min read · ~3 pages · Grade level 10.9 · Accepted 2024-10-28 16:39:44

Key Financial Figures

  • $0.01 — ch registered Common Stock, par value $0.01 LNKB The Nasdaq Stock Market LLC

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On October 28, 2024, LINKBANCORP, Inc. (the "Company") issued a press release reporting its financial results as of and for the three and nine months ended September 30, 2024. A copy of the press release is attached as Exhibit 99.1 to this report and is being furnished to the Securities and Exchange Commission and shall not be deemed filed for any purpose. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 24, 2024, LINKBANK, the wholly owned subsidiary of the LINKBANCORP, Inc., entered into amendments to the Deferred Compensation Agreements, originally effective as of November 1, 2021, with each of Carl Lundblad, President of LINKBANCORP, Inc., and Brent Smith, Executive Vice President and President of LINKBANK. The amendments provide that in the event of a change in control (as defined in the agreements), followed within 24 months by a separation from service prior to the executive's normal retirement age (as set forth in the agreements), the executive will receive a benefit equal to the executive's deferral account balance plus an additional amount equal to the executive's annual base salary as of the date of the change in control. The benefit will be paid in 180 substantially equal installments, commencing on the later of (i) the month following the date the executive attains normal retirement age or (ii) the sixty-first month following the executive's separation from service. The amendments will become effective on November 1, 2025, in accordance with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended. The foregoing description of the amendments is qualified in its entirety by reference to the amendments, copies of which are attached hereto as Exhibits 10.1 and 10.2, respectively.

01 Regulation FD

Item 7.01 Regulation FD A copy of LINKBANCORP, Inc.'s investor presentation based on September 30, 2024 financial information is furnished as Exhibit 99.2 hereto. The information in Exhibit 99.2 to this Current Report on Form 8-K shall not be deemed to be "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, or otherwise subject to the liabilities thereof, nor shall it be deemed to be incorporated by reference in any filing under the Securities and Exchange Act of 1934 or under the Securities Act of 1933, except to the extent specifically provided in any such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (a)

Financial statements of businesses acquired. None

Financial statements of businesses acquired. None. (b) Pro forma financial information. None. (c) Shell company transactions. None. (d) Exhibits. 10.1 First Amendment to Deferred Compensation Agreement between LINKBANK and Carl Lundblad, dated October 24, 2024 10.2 First Amendment to Deferred Compensation Agreement between LINKBANK and Brent Smith, dated October 24, 2024 99.1 Press release dated October 28, 2024 99.2 Investor Presentation 104 Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL)

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 thereunto duly authorized. LINKBANCORP, INC. Date: October 28, 2024 By: /s/ Carl D. Lundblad Carl D. Lundblad President

View Full Filing

View this 8-K filing on SEC EDGAR

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.