Business Context and Reporting Period
Company: Pathfinder Bancorp, Inc. (PBHC)
Filing Type: Form 8-K (Current Report)
Date of Report: May 4, 2026
Reporting Period: Event date May 4, 2026; Signed May 7, 2026
This filing reports the entry into a material definitive agreement regarding the extension of a registration rights agreement with Castle Creek Capital Partners VII, L.P.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a contractual amendment and does not contain financial performance data.
Material Changes
- Agreement Amendment: On May 4, 2026, the Company and Castle Creek amended the Registration Rights Agreement originally dated May 8, 2019.
- Extension of Deadline: The amendment extends the deadline for the Company to file a resale registration statement from May 8, 2026, to May 8, 2027.
- Historical Context: This is the fourth amendment to the agreement, following previous extensions granted in 2023 and 2024.
Guidance, Outlook, and Risks
Management Commentary: The filing states that the description of the Fourth Amendment is qualified in its entirety by the full text of the agreement attached as Exhibit 10.1.
Risks and Contingencies: The filing does not explicitly detail new risks or contingencies beyond the obligation to file the resale registration statement by the new deadline of May 8, 2027.
Unusual Items: None reported in this filing.
Investor Verification Checklist
- Verify the terms of the Fourth Amendment to the Registration Rights Agreement in Exhibit 10.1.
- Confirm the status of the resale registration statement for the securities sold to Castle Creek in 2019.
- Review the Company's capital structure to understand the impact of the private placement securities on future liquidity.