Quaint Oak Bancorp Elects Directors, Amends Equity Plan
Ticker: QNTO · Form: 8-K · Filed: Sep 11, 2024 · CIK: 1391933
| Field | Detail |
|---|---|
| Company | Quaint Oak Bancorp Inc (QNTO) |
| Form Type | 8-K |
| Filed Date | Sep 11, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, equity-incentive-plan
Related Tickers: QNTK
TL;DR
Board shakeup and more stock options at Quaint Oak Bancorp.
AI Summary
Quaint Oak Bancorp, Inc. announced on September 11, 2024, the election of new directors and changes in executive compensation. Specifically, the company elected three new directors: Robert J. DiStanislao, Michael J. McHugh, and David J. Reiss. Additionally, the company's Compensation Committee approved amendments to the 2023 Equity Incentive Plan, increasing the number of shares available for grants.
Why It Matters
Changes in board composition and equity incentive plans can signal shifts in company strategy and future growth prospects, potentially impacting shareholder value.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can introduce uncertainty regarding future strategic direction and governance.
Key Numbers
- 3 — New Directors Elected (Board composition changes)
Key Players & Entities
- QUAINT OAK BANCORP, INC. (company) — Registrant
- Robert J. DiStanislao (person) — Newly Elected Director
- Michael J. McHugh (person) — Newly Elected Director
- David J. Reiss (person) — Newly Elected Director
- 2023 Equity Incentive Plan (company_document) — Amended Compensation Plan
FAQ
Who were the newly elected directors of Quaint Oak Bancorp?
The newly elected directors were Robert J. DiStanislao, Michael J. McHugh, and David J. Reiss.
What specific action was taken regarding the 2023 Equity Incentive Plan?
The Compensation Committee approved amendments to the 2023 Equity Incentive Plan, increasing the number of shares available for grants.
When was this Form 8-K filed?
This Form 8-K was filed on September 11, 2024.
What is Quaint Oak Bancorp's state of incorporation?
Quaint Oak Bancorp is incorporated in Pennsylvania.
What is the principal executive office address for Quaint Oak Bancorp?
The principal executive office is located at 501 Knowles Avenue, Southampton, Pennsylvania 18966.
Filing Stats: 545 words · 2 min read · ~2 pages · Grade level 11 · Accepted 2024-09-11 17:19:13
Filing Documents
- qnto20240904_8k.htm (8-K) — 31KB
- 0000927089-24-000127.txt ( ) — 149KB
- qnto-20240911.xsd (EX-101.SCH) — 3KB
- qnto-20240911_def.xml (EX-101.DEF) — 10KB
- qnto-20240911_lab.xml (EX-101.LAB) — 14KB
- qnto-20240911_pre.xml (EX-101.PRE) — 10KB
- qnto20240904_8k_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (a) Not applicable. (b) Not applicable. (c) Not applicable. (d) Exhibits The following exhibit is included with this Report: Exhibit Number Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
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. QUAINT OAK BANCORP, INC. Date: September 11, 2024 By: /s/ John J. Augustine John J. Augustine Executive Vice President and Chief Financial Officer 3