Fifth District Bancorp Inc. Increases CFO Melissa Burns' Annual Retirement Benefit to $94,000 in Amended Agreement

Reuters

17 Jul

<a href="https://laohu8.com/S/FDSB">Fifth District Bancorp Inc</a>. Increases CFO Melissa Burns' Annual Retirement Benefit to $94,000 in Amended Agreement

Fifth District Bancorp Inc. has announced an amendment to the Second Amended and Restated Executive Salary Continuation Agreement for its Chief Financial Officer, Melissa Burns. Effective July 14, 2025, the amendment increases the annual supplemental retirement benefits for Ms. Burns from $80,316 to $94,000, provided she separates from service on or after reaching the age of 65. This adjustment reflects a commitment to enhance the company's executive compensation package. The full text of the amendment is available as Exhibit 10.1.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fifth District Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001558370-25-009263), on July 16, 2025, and is solely responsible for the information contained therein.

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Increases CFO Melissa Burns' Annual Retirement Benefit to $94,000 in Amended Agreement","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/FDSB\">Fifth District Bancorp Inc</a>. Increases CFO Melissa Burns' Annual Retirement Benefit to $94,000 in Amended Agreement\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Fifth District Bancorp Inc. has announced an amendment to the Second Amended and Restated Executive Salary Continuation Agreement for its Chief Financial Officer, Melissa Burns. Effective July 14, 2025, the amendment increases the annual supplemental retirement benefits for Ms. Burns from $80,316 to $94,000, provided she separates from service on or after reaching the age of 65. 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Increases CFO Melissa Burns' Annual Retirement Benefit to $94,000 in Amended Agreement\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-17 05:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/FDSB\">Fifth District Bancorp Inc</a>. Increases CFO Melissa Burns' Annual Retirement Benefit to $94,000 in Amended Agreement\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Fifth District Bancorp Inc. has announced an amendment to the Second Amended and Restated Executive Salary Continuation Agreement for its Chief Financial Officer, Melissa Burns. Effective July 14, 2025, the amendment increases the annual supplemental retirement benefits for Ms. Burns from $80,316 to $94,000, provided she separates from service on or after reaching the age of 65. This adjustment reflects a commitment to enhance the company's executive compensation package. The full text of the amendment is available as Exhibit 10.1.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fifth District Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001558370-25-009263), on July 16, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FDSB","symbol_name":"Fifth District Bancorp Inc","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250716:nNDL5V32P5:1","article_id":"2552173649","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2552173649","pubTimestamp":1752700581,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Fifth District Bancorp Inc. has announced an amendment to the Second Amended and Restated Executive Salary Continuation Agreement for its Chief Financial Officer, Melissa Burns. 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Effective July 14, 2025, the amendment increases the annual supplemental retirement benefits for Ms. Burns from $80,316 to $94,000, provided she separates from service on or after reaching the age of 65. This adjustment reflects a commitment to enhance the company's executive compensation package. The full text of the amendment is available as Exhibit 10.1.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fifth District Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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