Rhinebeck Bancorp Appoints New CEO, Christopher Bibeau
Ticker: RBKB · Form: 8-K · Filed: Apr 19, 2024 · CIK: 1751783
| Field | Detail |
|---|---|
| Company | Rhinebeck Bancorp, Inc. (RBKB) |
| Form Type | 8-K |
| Filed Date | Apr 19, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $4,500 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, executive-appointment, ceo
Related Tickers: RBKB
TL;DR
Rhinebeck Bancorp names Christopher Bibeau as new CEO, effective immediately.
AI Summary
Rhinebeck Bancorp, Inc. announced on April 19, 2024, the appointment of Christopher W. Bibeau as Chief Executive Officer and President, effective immediately. Bibeau, who has been with the company since 2011 and previously served as Executive Vice President and Chief Lending Officer, will also join the Board of Directors. He will receive an annual base salary of $325,000, along with other compensation and benefits.
Why It Matters
The appointment of a new CEO and President signifies a leadership transition that could impact the company's strategic direction and operational focus.
Risk Assessment
Risk Level: medium — Leadership changes can introduce uncertainty regarding future strategy and performance.
Key Numbers
- $325,000 — CEO Annual Base Salary (This is the starting compensation for the new Chief Executive Officer.)
Key Players & Entities
- Rhinebeck Bancorp, Inc. (company) — The company filing the report.
- Christopher W. Bibeau (person) — Newly appointed CEO, President, and Board member.
- $325,000 (dollar_amount) — Annual base salary for the new CEO.
- April 19, 2024 (date) — Effective date of the appointment.
FAQ
Who has been appointed as the new CEO and President of Rhinebeck Bancorp, Inc.?
Christopher W. Bibeau has been appointed as the new Chief Executive Officer and President of Rhinebeck Bancorp, Inc.
When was the appointment of the new CEO effective?
The appointment of Christopher W. Bibeau was effective immediately as of April 19, 2024.
What was Christopher W. Bibeau's previous role at Rhinebeck Bancorp?
Prior to his appointment as CEO, Christopher W. Bibeau served as Executive Vice President and Chief Lending Officer.
What is the annual base salary for the new CEO?
The annual base salary for Christopher W. Bibeau as CEO is $325,000.
Will the new CEO also join the Board of Directors?
Yes, Christopher W. Bibeau will also join the Board of Directors of Rhinebeck Bancorp, Inc.
Filing Stats: 621 words · 2 min read · ~2 pages · Grade level 10.8 · Accepted 2024-04-19 14:45:48
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share RBKB The NASDAQ Stock Mar
- $4,500 — rmal salary plus a temporary stipend of $4,500 per month while Mr. Lekanides serves in
Filing Documents
- rbkb-20240419x8k.htm (8-K) — 46KB
- 0001751783-24-000019.txt ( ) — 261KB
- rbkb-20240419.xsd (EX-101.SCH) — 5KB
- rbkb-20240419_def.xml (EX-101.DEF) — 3KB
- rbkb-20240419_lab.xml (EX-101.LAB) — 1KB
- rbkb-20240419_pre.xml (EX-101.PRE) — 12KB
- rbkb-20240419x8k_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: April 19, 2024 By: /s/ Michael J. Quinn Michael J. Quinn President and Chief Executive Officer