Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Hanover Bancorp Inc (HNVR) has issued an update.
Lance P. Burke, the Executive Vice President and Chief Financial Officer of the Registrant, has signed a new Employment Agreement, effective July 18, 2024, with a base salary of $350,000 and eligibility for additional employee benefits, business expense reimbursements, and a car allowance. The three-year agreement automatically renews annually unless notice is given and includes provisions for severance payments and benefits continuation if Burke is terminated without cause. Furthermore, in the event of a change of control, Burke is entitled to a significant payout, subject to certain conditions regarding tax regulations and the execution of a general release of claims. Burke is also required to adhere to confidentiality and non-solicitation agreements.
See more insights into HNVR stock on TipRanks’ Stock Analysis page.
