8-K - Bogota Financial Corp. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Bogota Financial Corp. announced the retirement of Robert Walsh, Executive Vice President and Chief Lending Officer of its subsidiary Bogota Savings Bank, effective March 31, 2026, with a retirement agreement providing for a lump sum payment, accelerated stock option vesting, and a consulting arrangement.

Key Takeaways

1Robert Walsh, Executive Vice President and Chief Lending Officer of Bogota Savings Bank, retired effective March 31, 2026.

2Walsh will receive a $15,000 lump sum payment within 60 days, representing his pro-rated 2026 annual incentive pay.

3All of Walsh's unvested stock options immediately vested and remain exercisable for their original ten-year term.

4Walsh will provide consulting services through July 2026 for a fee of $10,000 per month.

5The agreement includes one-year non-solicitation restrictions on employees and customers, plus confidentiality provisions.

Current Report Details

Event Type

Management Change

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

5.02

| Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers’ Compensatory Arrangements of Certain Officers | |---|---|

Management Change

$15.0K$10.0K

9.01

| Financial Statements and Exhibits | |---|---| (a) Financial Statements of Businesses Acquired. Not applicable. (b) Pro Forma Financial Information. Not applic

Exhibits Only

Executive & Director Changes

Robert Walsh

Executive Vice President and Chief Lending Officer of Bogota Savings Bank

Retirement

Effective: 2026-03-31

Retirement

Exhibits (2)

10.1

RETIREMENT AND CONSULTING AGREEMENT BETWEEN BOGOTA SAVINGS BANK AND ROBERT WALSH, DATED MARCH 31, 2026

8-K

FORM 8-K