UNITED STATES
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FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(b) On May 13, 2025, Robert W. Barlow notified the Board of Directors of Gouverneur Bancorp, Inc. (the “Company”) and Gouverneur Savings and Loan Association (the “Bank”) that he was resigning as President and Chief Executive Officer of the Company and the Bank, and as a director of the Company and the Bank, effective as of May 13, 2025.
(c) Effective as of May 13, 2025, the Board of Directors of the Company and the Bank has appointed Charles C. Van Vleet, Jr. as Interim President and Chief Executive Officer of the Company and the Bank.
Mr. Van Vleet, age 67, served as President and Chief Executive Officer of the Company and the Bank from April 2023 through March 2024 and also previously served as President and Chief Executive Officer of the Bank from 2010 through 2021. Mr. Van Vleet joined the Bank as an Assistant Vice President in August 1996. From February 2001 until August 2005 he was a Vice President with the Bank and, in August 2005, he was named Senior Vice President of the Bank. He served as Secretary of the Bank from 1999 to 2010. Mr. Van Vleet served as Executive Vice President and Chief Operating Officer of the Bank from July 2009 to January 2010, when he was named the President and Chief Executive Officer.
There are no family relationships between Mr. Van Vleet and any director or executive officer of the Company, and there are no arrangements or understandings with any person pursuant to which Mr. Van Vleet has been selected to serve as Interim President and Chief Executive Officer of the Company and the Bank. There have been no transactions directly or indirectly involving Mr. Van Vleet that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K of the Securities and Exchange Commission.
No material plan, contract or arrangement has been entered into, or materially amended, in connection with Mr. Van Vleet’s appointment as Interim President and Chief Executive Officer and no grant or award has been made to Mr. Van Vleet under any such plan, contract or arrangement in connection with his appointment as Interim President and Chief Executive Officer.
SIGNATURE
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 thereunto duly authorized.
| GOUVERNEUR BANCORP, INC. | ||
| Date: May 16, 2025 | By: | /s/ James D. Campanaro |
| James D. Campanaro | ||
| Vice President and Chief Financial Officer | ||