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Lake Shore Bancorp ( (LSBK) ) has shared an announcement.
Lake Shore Savings Bank has entered into a new employment agreement with its President and CEO, Kim C. Liddell, effective December 16, 2024. The agreement extends for an initial term of three years with automatic renewals, contingent on board evaluations. It includes a base salary increase to $605,000, annual bonuses based on performance, and long-term incentives. Additionally, a supplemental executive retirement plan was established for Mr. Liddell, providing structured payments upon retirement, disability, death, or a change in control.
More about Lake Shore Bancorp
Lake Shore Bancorp, Inc. operates in the banking industry through its wholly owned subsidiary, Lake Shore Savings Bank. The company focuses on providing financial services, with a primary emphasis on offering banking products to personal and commercial customers.
YTD Price Performance: 20.81%
Average Trading Volume: 2,568
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $76.47M
For detailed information about LSBK stock, go to TipRanks’ Stock Analysis page.