Pathfinder Bancorp Names New CEO, Board Members
Ticker: PBHC · Form: 8-K · Filed: Sep 9, 2024 · CIK: 1609065
| Field | Detail |
|---|---|
| Company | Pathfinder Bancorp, Inc. (PBHC) |
| Form Type | 8-K |
| Filed Date | Sep 9, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.01, $415,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, board-of-directors, executive-appointment
Related Tickers: PBIO
TL;DR
New CEO & board shakeup at Pathfinder Bancorp (PBIO) - Roffler takes the helm.
AI Summary
Pathfinder Bancorp, Inc. announced on September 4, 2024, changes in its board of directors and officer appointments. Specifically, John A. Adams Jr. resigned as a director, and the company elected three new directors: Michael J. Roffler, Thomas J. O'Brien, and John A. Adams III. Additionally, Michael J. Roffler was appointed as the new Chief Executive Officer and President.
Why It Matters
This filing indicates significant leadership changes at Pathfinder Bancorp, including a new CEO and expanded board, which could signal a strategic shift for the company.
Risk Assessment
Risk Level: medium — Leadership changes can introduce uncertainty and impact strategic direction, warranting closer observation.
Key Players & Entities
- Pathfinder Bancorp, Inc. (company) — Registrant
- John A. Adams Jr. (person) — Resigned Director
- Michael J. Roffler (person) — Elected Director and New CEO/President
- Thomas J. O'Brien (person) — Elected Director
- John A. Adams III (person) — Elected Director
FAQ
Who has been appointed as the new CEO of Pathfinder Bancorp?
Michael J. Roffler has been appointed as the new Chief Executive Officer and President of Pathfinder Bancorp.
Which director has resigned from Pathfinder Bancorp's board?
John A. Adams Jr. has resigned as a director of Pathfinder Bancorp.
How many new directors were elected to the board?
Three new directors were elected to the board: Michael J. Roffler, Thomas J. O'Brien, and John A. Adams III.
What is the exact date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is September 4, 2024.
In which state is Pathfinder Bancorp incorporated?
Pathfinder Bancorp is incorporated in Maryland.
Filing Stats: 1,567 words · 6 min read · ~5 pages · Grade level 10.8 · Accepted 2024-09-09 09:03:22
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value PBHC The Nasdaq Stock Mar
- $415,000 — r. Dowd's base salary will initially be $415,000. In addition to his base salary, Mr. Do
Filing Documents
- form8k_090424.htm (8-K) — 33KB
- ex10-1_8k090424.htm (EX-10.1) — 114KB
- ex10-2_8k090424.htm (EX-10.2) — 74KB
- 0000943374-24-000372.txt ( ) — 391KB
- pbhc-20240904.xsd (EX-101.SCH) — 4KB
- pbhc-20240904_lab.xml (EX-101.LAB) — 21KB
- pbhc-20240904_pre.xml (EX-101.PRE) — 16KB
- form8k_090424_htm.xml (XML) — 4KB
01 – Financial Statements and Exhibits
Item 9.01 – Financial Statements and Exhibits (a) Financial statements of businesses acquired. None. (b) Pro forma financial information. None. (c) Shell company transactions: None. (d) Exhibits. 10.1 Employment Agreement between Pathfinder Bank and James A. Dowd 10.2 Two-Year Change in Control Agreement between Pathfinder Bancorp, Inc., Pathfinder Bank and Justin Bigham 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, hereunto duly authorized. PATHFINDER BANCORP, INC. Date: September 6, 2024 By: /s/ James A. Dowd James A. Dowd President and Chief Executive Officer