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AI brief of an SEC Form 8-K · Catalyst Bancorp, Inc. (CLST)

Catalyst Bancorp CEO Joseph Zanco signs new three-year employment agreement

Neutral Impact 4 of 5 leadership Written later

Catalyst Bank entered into a new employment agreement with President and CEO Joseph B. Zanco on August 17, 2026, running through August 17, 2029. The filing sets a $350,000 base salary and includes enhanced severance and change-in-control terms, so shareholders should note the potential cost if his employment ends.

Key points

  • New agreement term runs August 17, 2026 to August 17, 2029, unless renewed or extended.
  • Base salary of $350,000, which the board may increase at its discretion.
  • Severance on involuntary termination: 12 months of base salary; 36 months if terminated within 30 days after a change in control.

The filing

CompanyCatalyst Bancorp, Inc. (CLST)
Form8-K, current report
Filed with the SECAug 18, 2026, 11:54 AM ET
Accession number0001849867-26-000018

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:45 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 18, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.