Corporate GovernanceApr 30, 2026, 01:50 PM
FSEA Amends 10-K: CEO/CFO Comp, Board, Share Ownership Details
AI Summary
First Seacoast Bancorp, Inc. filed an amended 10-K detailing its corporate governance, executive compensation, and security ownership. The filing outlines the board structure, executive officer roles including James R. Brannen as CEO and Richard M. Donovan as President and CFO, and their 2025 compensation. It also provides information on equity incentive plans, outstanding awards, director compensation, and significant beneficial owners.
Key Highlights
- James R. Brannen became CEO in May 2025; Richard M. Donovan became President & CFO in May 2025.
- CEO James R. Brannen's 2025 total compensation was $372,778; President & CFO Richard M. Donovan's was $320,003.
- Company has two equity incentive plans (2021 & 2024) with 526,894 total outstanding options.
- AllianceBernstein L.P. is a 10.71% beneficial owner; ESOP holds 8.84%; DAB Financial LLC holds 8.20%.
- All directors and executive officers as a group beneficially own 9.50% of common stock.
- Audit fees for Wolf & Company, P.C. increased to $210,000 in 2025 from $175,000 in 2024.
- Board consists of eight members with three-year staggered terms; Mark P. Boulanger is an audit committee financial expert.
Price Impact
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