PB BANCORP, INC. (NASDAQ:PBBI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On June 21, 2017, the Board of Directors of Putnam Bank, the
wholly owned subsidiary of PB Bancorp, Inc. (the Company),
adopted the Putnam Bank Senior Management Short Term Incentive
Plan (the Plan), which will govern the payment of incentive cash
bonuses to members of senior management of Putnam Bank, including
Named Executive Officers. The financial criteria for bonuses will
be return on average equity, efficiency ratio and return on
average assets. The Plan includes a range of bonus awards for
senior management.
A copy of the plan is filed as exhibit 10.1 to this Current
Report and is incorporated herein by reference.
Item 9.01Financial Statements and
Exhibits.
| Exhibit No. | Description | ||
| 10.1 | Putnam Bank Senior Management Short Term Incentive Plan |
PB Bancorp, Inc. ExhibitEX-10.1 2 t1700397_ex10-1.htm EXHIBIT 10.1 Exhibit 10.1 PUTNAM BANK Putnam,…To view the full exhibit click here About PB BANCORP, INC. (NASDAQ:PBBI)
PB Bancorp Inc is a bank holding company. The company was founded in September 2015 and is located in Putnam, Connecticut.
