Catalyst Bancorp, Inc. 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Catalyst Bancorp, Inc. (CLST), the parent holding company for St. Landry Homestead Federal Savings Bank, on February 2, 2022. The report discloses a realignment within the company's executive team effective as of the filing date.
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 personnel changes and does not contain financial performance data.
Material Changes
The primary material change reported is the departure of Jutta A. Codori from her position as Chief Financial Officer (CFO) of both the Company and the Bank. She is transitioning to the role of Senior Administrative Officer. Concurrently, Jacques L. J. Bourque, age 29, was promoted to CFO of the Company and the Bank. Mr. Bourque previously served as Treasurer for the Bank since October 2021.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, or management commentary regarding future financial performance. No specific risks or contingencies related to the personnel changes were disclosed, other than noting there are no undisclosed arrangements between directors/officers and Mr. Bourque.
Key Facts for Investor Verification
- Effective date of executive changes: February 2, 2022.
- Outgoing CFO: Jutta A. Codori (transitioning to Senior Administrative Officer).
- Incoming CFO: Jacques L. J. Bourque (promoted from Treasurer).
- Mr. Bourque's prior experience includes roles at Home Bank, N.A., and Postlethwaite & Netterville.
- No related party transactions or special compensation arrangements were reported for the new CFO.