Management ChangeSep 15, 2026, 08:57 AM
Catalyst Bank Enters Employment Agreements with COO and CFO
AI Summary
Catalyst Bancorp, Inc. announced that its wholly owned subsidiary, Catalyst Bank, has entered into new three-year employment agreements with Chief Operations Officer Amanda Quebedeaux and Chief Financial Officer Jacques Bourque. The agreements, effective September 13, 2026, and expiring September 12, 2029, outline base salaries of $162,500 for Mrs. Quebedeaux and $117,500 for Mr. Bourque, both subject to potential increases. The agreements also detail severance packages, including 12 months of base salary and continued health insurance, in the event of involuntary termination, termination for good reason, or termination related to a change in control.
Key Highlights
- Catalyst Bank entered into new three-year employment agreements with COO Amanda Quebedeaux and CFO Jacques Bourque.
- Amanda Quebedeaux's base salary is $162,500, subject to increase at the Board's discretion.
- Jacques Bourque's base salary is $117,500, subject to increase at the Board's discretion.
- Agreements provide for severance equal to 12 months' base salary in case of involuntary termination or termination for good reason.
- Severance also includes 12 months of continued health insurance coverage under specific termination scenarios.
Price Impact
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