SR Bancorp amends executive agreements with enhanced change-in-control severance protections

Filed April 24, 2026 · Period ending April 22, 2026 · ~1 min read

Key Changes

• high

  Three executives receive enhanced change-in-control severance: 3x base salary plus average bonus (vs. standard 2x), plus 36 months healthcare costs if terminated within two years of acquisition

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  Employment agreements automatically extend to at least two years post-closing if a change in control occurs, ensuring enhanced severance eligibility window

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  Standard severance for qualifying terminations set at greater of remaining contract value or 2x base salary plus average bonus, with 18 months COBRA reimbursement

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →