Eagle Bancorp Montana Inc.

10/22/2024 | Press release | Distributed by Public on 10/22/2024 07:39

Management Change/Compensation Form 8 K

Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On October 17, 2024, the Boards of Directors of Eagle Bancorp Montana, Inc. (the "Company") and Opportunity Bank of Montana, the Company's wholly-owned subsidiary (the "Bank") approved amendments to the Salary Continuation Agreements of Laura F. Clark, the Company's President and Chief Executive Officer, Miranda J. Spaulding, the Company's Senior Vice President and Chief Financial Officer, and Dale F. Field, the Company's Senior Vice President and Chief Credit Officer.
The Fourth Amendment to the Salary Continuation Agreement of Ms. Clark provides an increase in the annual benefit under the Salary Continuation Agreement, from $26,500 to $46,000, effective November 1, 2024.
The First Amendment to the Salary Continuation Agreement of Ms. Spaulding provides an increase in the annual benefit under the Salary Continuation Agreement, from $95,000 to $99,500, effective November 1, 2024.
The Third Amendment to the Salary Continuation Agreement of Mr. Field provides an increase in the annual benefit under the Salary Continuation Agreement, from $70,000 to $89,000, effective November 1, 2024.
The foregoing description of the amendments to the Salary Continuation Agreements is qualified in its entirety by reference to the amendments, which are attached as Exhibits 10.1, 10.2 and 10.3 to this Current Report on Form 8-K and are incorporated herein by reference.