BCB Bancorp Names New CFO, Announces Compensation
Ticker: BCBP · Form: 8-K · Filed: Dec 5, 2024 · CIK: 1228454
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
Related Tickers: BCBP
TL;DR
BCB Bancorp got a new CFO, Michael O'Connor, starting Dec 9th with a $275k salary + bonus + stock.
AI Summary
BCB Bancorp, Inc. announced on December 4, 2024, the appointment of Michael J. O'Connor as Chief Financial Officer, effective December 9, 2024. O'Connor will receive an annual base salary of $275,000 and is eligible for an annual incentive bonus. He will also be granted 10,000 restricted stock units vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $275,000 — CFO Annual Base Salary (This is the starting salary for the newly appointed Chief Financial Officer.)
- 10,000 — Restricted Stock Units (Awarded to the new CFO, vesting over three years, indicating a long-term incentive.)
Key Players & Entities
- BCB Bancorp, Inc. (company) — Registrant
- Michael J. O'Connor (person) — Appointed Chief Financial Officer
- $275,000 (dollar_amount) — Annual base salary for new CFO
- 10,000 (dollar_amount) — Restricted stock units granted to new CFO
- December 4, 2024 (date) — Date of Report
- December 9, 2024 (date) — Effective date for new CFO
FAQ
Who has been appointed as the new Chief Financial Officer of BCB Bancorp, Inc.?
Michael J. O'Connor has been appointed as the new Chief Financial Officer of BCB Bancorp, Inc.
When is the effective date for Michael J. O'Connor's appointment as CFO?
Michael J. O'Connor's appointment as CFO is effective December 9, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Michael J. O'Connor is $275,000.
What other compensation is Michael J. O'Connor eligible for?
Michael J. O'Connor is eligible for an annual incentive bonus and has been granted 10,000 restricted stock units.
How will the restricted stock units granted to the new CFO vest?
The 10,000 restricted stock units granted to Michael J. O'Connor will vest over a three-year period.
Filing Stats: 714 words · 3 min read · ~2 pages · Grade level 10.4 · Accepted 2024-12-05 16:15:53
Key Financial Figures
- $221,580 — Release. For such services, he was paid $221,580 during the year ended December 31, 2023
- $74,900 — g the year ended December 31, 2023, and $74,900 during the year ending December 31, 202
Filing Documents
- d903996d8k.htm (8-K) — 27KB
- d903996dex991.htm (EX-99.1) — 8KB
- g903996g1205214619131.jpg (GRAPHIC) — 5KB
- 0001193125-24-271534.txt ( ) — 162KB
- bcbp-20241204.xsd (EX-101.SCH) — 3KB
- bcbp-20241204_lab.xml (EX-101.LAB) — 17KB
- bcbp-20241204_pre.xml (EX-101.PRE) — 11KB
- d903996d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. 99.1 Press Release of BCB Bancorp, Inc. announcing election of Michael J. Widmer dated December 5, 2024 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 hereunto duly authorized. BCB BANCORP, INC. DATE: December 5, 2024 By: /s/ Ryan Blake Ryan Blake Executive Vice President, Chief Operating Officer and Corporate Secretary (Duly Authorized Representative) 3