Pioneer Bancorp Announces Board and Executive Changes
Ticker: PBFS · Form: 8-K · Filed: Jul 16, 2024 · CIK: 1769663
| Field | Detail |
|---|---|
| Company | Pioneer Bancorp, Inc./Md (PBFS) |
| Form Type | 8-K |
| Filed Date | Jul 16, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: PBFS
TL;DR
Pioneer Bancorp (PBFS) board shakeup and exec comp changes filed today.
AI Summary
Pioneer Bancorp, Inc. announced on July 16, 2024, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key personnel. Specific financial figures related to these changes were not detailed in this initial report.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate underlying strategic shifts or governance issues that may affect the company's future performance.
Key Players & Entities
- Pioneer Bancorp, Inc. (company) — Registrant
- Maryland (jurisdiction) — State of Incorporation
- July 16, 2024 (date) — Date of Report
FAQ
What specific roles have been affected by the departure of officers or directors?
The filing indicates the departure of certain officers and directors, but does not specify the exact roles in this section.
Who are the newly elected directors?
The filing states that directors have been elected, but their names are not provided in the initial summary of the 8-K.
What are the details of the compensatory arrangements for certain officers?
The filing mentions updates to compensatory arrangements for certain officers, but the specific details are not included in this summary.
What is the primary reason for these changes at Pioneer Bancorp?
The filing does not explicitly state the primary reason for the changes in directors or officers.
When was this Form 8-K filed with the SEC?
This Form 8-K was filed on July 16, 2024.
Filing Stats: 570 words · 2 min read · ~2 pages · Grade level 9.4 · Accepted 2024-07-16 16:07:29
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 PBFS The Nasdaq Stock Market, LLC
Filing Documents
- form8k.htm (8-K) — 29KB
- ex99-1.htm (EX-99.1) — 10KB
- image0.jpg (GRAPHIC) — 45KB
- 0000943374-24-000323.txt ( ) — 241KB
- pbfs-20240716.xsd (EX-101.SCH) — 4KB
- pbfs-20240716_lab.xml (EX-101.LAB) — 22KB
- pbfs-20240716_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 (d) On July 16, 2024, the Board of Directors of Pioneer Bancorp, Inc. ("Pioneer") appointed Charles Seifer, PH.D. to its Board of Directors. Dr. Seifert is the president of Siena College, a private Franciscan liberal arts college located in Loudonville, New York. Dr. Seifert is not a party to any transaction with Pioneer that would require disclosure under Item 404(a) of Regulation S-K. He will be eligible to participate in Pioneer's 2020 Equity Incentive Plan and the Pioneer Bank Board of Trustees and Executive Employees Deferred Compensation Plan. Dr. Seifert is expected to be appointed to the Audit and Compensation Committees of Pioneer's Board of Directors. Dr. Seifert has also been appointed to the Boards of Trustees/Directors of Pioneer Bancorp, MHC and Pioneer Bank, National Association. A press release announcing the appointment of Dr. Seifert is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Financial Statements and Exhibits
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. 99.1 104 Press release dated July 16, 2024 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, hereunto duly authorized. PIONEER BANCORP, INC. DATE: July 16, 2024 By: /s/ Thomas L. Amell Thomas L. Amell President and Chief Executive Officer