UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Securities registered pursuant to Section 12(b) of the Act:
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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 or Rule 12b-2 of the Securities Exchange Act of 1934.
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. |
On July 14, 2025, Fifth District Savings Bank, the bank subsidiary of Fifth District Bancorp, Inc. (the “Company”), and Melissa Burns, Chief Financial Officer, entered into an amendment to the Second Amended and Restated Executive Salary Continuation Agreement for Melissa Burns (the “Agreement”). The Agreement, which was originally adopted on February 29, 2024, provides for payment of certain supplemental retirement benefits if Ms. Burns separates from service on or after attaining age 65. The Agreement originally provided that the annual benefit provided under the Agreement would equal $80,316. The amendment to the Agreement increases the annual benefit to $94,000.
The foregoing summary of the Agreement and the amendment to the Agreement does not purport to be complete and is qualified in its entirety by the full text of the amendment to the Agreement, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.
Item 9.01. | Financial Statements and Exhibits. |
(a)Financial Statements of Businesses Acquired: Not applicable.
(b)Pro Forma Financial Information: Not applicable.
(c)Shell Company Transactions: Not applicable.
(d)Exhibits.
Exhibit No. |
| Description |
10.1 | ||
104 | Cover Page Interactive Data File (formatted in Inline XBRL) |
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.
FIFTH DISTRICT BANCORP, INC. | |||
Date: | July 16, 2025 | By: | /s/ Amie L. Lyons |
Amie L. Lyons | |||
Interim President and Chief Executive Officer | |||