An announcement from Waterstone Financial (WSBF) is now available.
Waterstone Financial, Inc. has secured a new employment agreement with Jeffrey McGuiness as President and CEO of Waterstone Mortgage Corporation, effective from April 24, 2024, to December 31, 2026. McGuiness will have an annual salary of $450,000, subject to review, and is eligible for annual bonuses and 30,000 stock options vesting over the agreement’s term. He will also enjoy standard company benefits, and in case of termination, he may receive a severance package, including a year’s salary and accelerated stock option vesting, provided certain conditions are met. The contract also includes non-compete and confidentiality clauses post-employment.
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