LINKBANCORP Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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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 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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 2.02 Results of Operations and Financial Condition.
On October 28, 2024, LINKBANCORP, Inc. (the “Company”) issued a press release reporting its financial results as of and for the three and nine months ended September 30, 2024.
A copy of the press release is attached as Exhibit 99.1 to this report and is being furnished to the Securities and Exchange Commission and shall not be deemed filed for any purpose.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 24, 2024, LINKBANK, the wholly owned subsidiary of the LINKBANCORP, Inc., entered into amendments to the Deferred Compensation Agreements, originally effective as of November 1, 2021, with each of Carl Lundblad, President of LINKBANCORP, Inc., and Brent Smith, Executive Vice President and President of LINKBANK. The amendments provide that in the event of a change in control (as defined in the agreements), followed within 24 months by a separation from service prior to the executive’s normal retirement age (as set forth in the agreements), the executive will receive a benefit equal to the executive’s deferral account balance plus an additional amount equal to the executive’s annual base salary as of the date of the change in control. The benefit will be paid in 180 substantially equal installments, commencing on the later of (i) the month following the date the executive attains normal retirement age or (ii) the sixty-first month following the executive’s separation from service. The amendments will become effective on November 1, 2025, in accordance with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended.
The foregoing description of the amendments is qualified in its entirety by reference to the amendments, copies of which are attached hereto as Exhibits 10.1 and 10.2, respectively.
Item 7.01 Regulation FD
A copy of LINKBANCORP, Inc.’s investor presentation based on September 30, 2024 financial information is furnished as Exhibit 99.2 hereto.
The information in Exhibit 99.2 to this Current Report on Form 8-K shall not be deemed to be “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, or otherwise subject to the liabilities thereof, nor shall it be deemed to be incorporated by reference in any filing under the Securities and Exchange Act of 1934 or under the Securities Act of 1933, except to the extent specifically provided in any such filing.
Item 9.01 Financial Statements and Exhibits.
(a) |
Financial statements of businesses acquired. None. |
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Pro forma financial information. None. |
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Shell company transactions. None. |
(d) |
Exhibits. |
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10.1 First Amendment to Deferred Compensation Agreement between LINKBANK and Carl Lundblad, dated October 24, 2024 |
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10.2 First Amendment to Deferred Compensation Agreement between LINKBANK and Brent Smith, dated October 24, 2024 |
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99.1 Press release dated October 28, 2024 |
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99.2 Investor Presentation |
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104 Cover Page Interactive Data File (embedded in the cover page 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 thereunto duly authorized.
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LINKBANCORP, INC. |
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Date: |
October 28, 2024 |
By: |
/s/ Carl D. Lundblad |
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Carl D. Lundblad |