Attached files
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| EX-10.2 - AMENDMENT TO EMPLOYMENT AGREEMENT FOR ANDREW W. HASLEY - Standard AVB Financial Corp. | ex10-2_8k050120.htm |
| EX-10.1 - AMENDMENT TO EMPLOYMENT AGREEMENT FOR TIMOTHY K. ZIMMERMAN - Standard AVB Financial Corp. | ex10-1_8k050120.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 30, 2020
STANDARD AVB FINANCIAL CORP.
(Exact Name of Registrant as Specified in its Charter)
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Maryland
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001-34893
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27-3100949
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(State or Other Jurisdiction
of Incorporation)
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(Commission File No.)
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(I.R.S. Employer
Identification No.)
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2640 Monroeville Boulevard, Monroeville, Pennsylvania
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15146
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s telephone number, including area code: (412) 856-0363
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Securities registered or to be registered pursuant to Section 12(b) of the Act.
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Title of each class
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Trading
Symbol(s)
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Name of each exchange on which registered
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Common Stock, $0.01 par value
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STND
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The NASDAQ Stock Market LLC
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ☐
| Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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On April 30, 2020, Standard AVB Financial Corp. (the “Company”) and Standard Bank, PaSB (the “Bank”), the wholly owned subsidiary of the Company, entered into an amendment to the
employment agreements (together, the “Amendments”) with each of Timothy K. Zimmerman, Chief Executive Officer of the Company and Bank, and Andrew W. Hasley, President of the Company and Bank. Under the terms of the Amendments, which are effective as
of July 1, 2020, Mr. Hasley will be appointed President and Chief Executive Officer of the Company and the Bank with a base salary of $370,000 and Mr. Zimmerman will be appointed Senior Executive Vice President and Chief Operating Officer of the
Company and the Bank with a base salary of $325,000.
The foregoing description of the Amendments does not purport to be complete and is qualified in its entirety by reference to the Amendments which are attached hereto as Exhibits 10.1
and 10.2 of this Current Report on Form 8-K and are incorporated by reference into this Item 5.02.
Item 9.01 Financial
Statements and Exhibits
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(a)
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Financial Statements of Businesses Acquired. Not applicable.
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(b)
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Pro Forma Financial Information. Not applicable.
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(c)
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Shell Company Transactions. Not applicable.
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(d)
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Exhibits.
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Exhibit No. Description
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.
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STANDARD AVB FINANCIAL CORP.
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DATE: May 5, 2020
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By:
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/s/ Timothy K. Zimmerman |
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Timothy K. Zimmerman
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Chief Executive Officer
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