Brookline Bancorp Files 8-K on Officer/Director Changes
| Field | Detail |
|---|---|
| Company | Brookline Bancorp Inc |
| Form Type | 8-K |
| Filed Date | Aug 29, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $720,750 |
| Sentiment | neutral |
Sentiment: neutral
Topics: officer-changes, director-changes, filing
TL;DR
Brookline Bancorp 8-K: Leadership changes and financial updates filed.
AI Summary
Brookline Bancorp, Inc. filed an 8-K on August 29, 2025, reporting events as of August 26, 2025. The filing indicates changes related to the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements. It also includes financial statements and exhibits.
Why It Matters
This filing signals potential shifts in the company's leadership and governance structure, which could impact strategic direction and operational oversight.
Risk Assessment
Risk Level: medium — Changes in directors or officers can indicate internal shifts that may affect company strategy or stability.
Key Players & Entities
- BROOKLINE BANCORP, INC. (company) — Registrant
- August 26, 2025 (date) — Date of earliest event reported
- August 29, 2025 (date) — Filing date
- Delaware (jurisdiction) — State of incorporation
- 0-23695 (commission_file_number) — SEC File Number
FAQ
What specific changes occurred regarding directors or officers?
The filing indicates events related to the departure of directors or certain officers, election of directors, and appointment of certain officers, but the specific names and details are not provided in this excerpt.
Are there any details on new compensatory arrangements?
The filing mentions 'Compensatory Arrangements of Certain Officers' as an item of information, but specific details are not included in this summary.
What is the primary business of Brookline Bancorp, Inc.?
Brookline Bancorp, Inc. is classified under Standard Industrial Classification 6035, which corresponds to Savings Institutions, Federally Chartered.
When was the company incorporated?
The company is incorporated in Delaware.
What is the principal executive office address?
The principal executive offices are located at 131 Clarendon Street, Boston, Massachusetts 02116.
Filing Stats: 736 words · 3 min read · ~2 pages · Grade level 12 · Accepted 2025-08-29 16:37:40
Key Financial Figures
- $0.01 — Registered Common Stock, par value of $0.01 per share BRKL Nasdaq Global Select M
- $720,750 — receive a cash retention bonus equal to $720,750, payable in three equal installments wi
Filing Documents
- tm2524567d1_8k.htm (8-K) — 28KB
- tm2524567d1_ex10-1.htm (EX-10.1) — 34KB
- 0001104659-25-085735.txt ( ) — 231KB
- brkl-20250826.xsd (EX-101.SCH) — 3KB
- brkl-20250826_lab.xml (EX-101.LAB) — 33KB
- brkl-20250826_pre.xml (EX-101.PRE) — 22KB
- tm2524567d1_8k_htm.xml (XML) — 3KB
02. Departure of Directors or Certain Officers; Election
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 26, 2025, Brookline Bancorp, Inc. (the "Company") entered into a retention bonus agreement (the "Retention Bonus Agreement") with Mark J. Meiklejohn, the Company's Chief Credit Officer (the "Executive"). The Retention Bonus Agreement is being entered into in connection with the merger of equals (the "Merger") between the Company and Berkshire Hills Bancorp, Inc. ("Berkshire"). The Retention Bonus Agreement is subject to closing of the Merger. Pursuant to the terms of the Retention Bonus Agreement, the Executive will be entitled to receive a cash retention bonus equal to $720,750, payable in three equal installments with (i) one-third of his retention bonus becoming earned and payable on the first anniversary of the closing of the Merger, (ii) one-third of his retention bonus becoming earned and payable on the second anniversary of the closing of the Merger and (iii) one-third of his retention bonus becoming earned and payable on the third anniversary of the closing of the Merger, in each case, subject to Mr. Meiklejohn's continued employment through such date. In the event that the Executive's employment is terminated by the Company (or, after the closing of the Merger, Berkshire) without "cause" or by the Executive for "good reason" (as each term is defined in the Retention Bonus Agreement), the full amount of any unpaid retention bonuses shall accelerate and become payable within 60 days following the date of termination subject to the Executive's execution of a release of claims and such release becoming irrevocable; provided, however that the aggregate amount of each retention bonus will be reduced by the value of any cash severance payments the Executive is eligible to receive in connection with such termination. The foregoing description of the Executive Retention Agreement does not purport t
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Exhibit Number Description 10.1 Retention Bonus Agreement between Brookline Bancorp, Inc. and Mark J. Meiklejohn, dated August 26, 2025 104 Cover Page Interactive Data File (embedded within Inline XBRL document).
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. Date: August 29, 2025 Brookline Bancorp, Inc. By: /S/ Marissa Martin Marissa Martin General Counsel and Corporate Secretary