Rhinebeck Bancorp Updates Executive Compensation Arrangements
Ticker: RBKB · Form: 8-K · Filed: Jan 31, 2024 · CIK: 1751783
| Field | Detail |
|---|---|
| Company | Rhinebeck Bancorp, Inc. (RBKB) |
| Form Type | 8-K |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-compensation, corporate-governance, 8-K
TL;DR
**Rhinebeck Bancorp just updated executive pay, watch for impact on expenses and leadership stability.**
AI Summary
Rhinebeck Bancorp, Inc. filed an 8-K on January 31, 2024, to report changes in its executive compensation arrangements. This filing, under Item 5.02, indicates that the company is updating how it compensates certain officers, which could impact future financial performance and executive retention. For investors, understanding these changes is crucial as executive compensation directly affects the company's expenses and can signal confidence in its leadership and future direction.
Why It Matters
Changes in executive compensation can influence a company's operating expenses and its ability to attract and retain top talent, directly impacting long-term shareholder value.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance related to executive compensation, which is a standard business practice and does not inherently pose significant immediate risk.
Analyst Insight
Investors should monitor future filings or press releases from Rhinebeck Bancorp, Inc. for specific details regarding the updated compensatory arrangements, as these could impact the company's financial outlook and executive retention strategies.
Key Numbers
- $0.01 — Par value per share (This is the stated par value of Rhinebeck Bancorp, Inc.'s Common Stock.)
Key Players & Entities
- Rhinebeck Bancorp, Inc. (company) — the registrant filing the 8-K
- January 31, 2024 (date) — date of earliest event reported and filing date
- Maryland (company) — state of incorporation for Rhinebeck Bancorp, Inc.
- 001-38779 (company) — Commission File Number for Rhinebeck Bancorp, Inc.
- RBKB (company) — trading symbol for Rhinebeck Bancorp, Inc. Common Stock
- The NASDAQ Stock Market, LLC (company) — exchange where Rhinebeck Bancorp, Inc. Common Stock is registered
- $0.01 (dollar_amount) — par value per share of Common Stock
Forward-Looking Statements
- Rhinebeck Bancorp, Inc. will likely provide more details on the specific changes to compensatory arrangements in future filings or investor communications. (Rhinebeck Bancorp, Inc.) — medium confidence, target: Q1 2024
FAQ
What is the purpose of this 8-K filing by Rhinebeck Bancorp, Inc.?
The 8-K filing by Rhinebeck Bancorp, Inc. on January 31, 2024, is to report events under Item 5.02, specifically concerning 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers'.
What is the trading symbol and exchange for Rhinebeck Bancorp, Inc.'s common stock?
The trading symbol for Rhinebeck Bancorp, Inc.'s Common Stock is RBKB, and it is registered on The NASDAQ Stock Market, LLC.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 31, 2024.
Where is Rhinebeck Bancorp, Inc.'s principal executive office located?
Rhinebeck Bancorp, Inc.'s principal executive office is located at 2 Jefferson Plaza, Poughkeepsie, New York 12601.
What is the par value of Rhinebeck Bancorp, Inc.'s Common Stock?
The par value of Rhinebeck Bancorp, Inc.'s Common Stock is $0.01 per share.
Filing Stats: 471 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2024-01-31 16:01:54
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share RBKB The NASDAQ Stock Mar
Filing Documents
- rbkb-20240131x8k.htm (8-K) — 43KB
- 0001751783-24-000006.txt ( ) — 258KB
- rbkb-20240131.xsd (EX-101.SCH) — 5KB
- rbkb-20240131_def.xml (EX-101.DEF) — 3KB
- rbkb-20240131_lab.xml (EX-101.LAB) — 1KB
- rbkb-20240131_pre.xml (EX-101.PRE) — 12KB
- rbkb-20240131x8k_htm.xml (XML) — 5KB
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. RHINEBECK BANCORP, INC. DATE: January 31, 2024 By: /s/ Michael J. Quinn Michael J. Quinn President and Chief Executive Officer