GREENFIELD, WI - 1895 Bancorp of Wisconsin, Inc. (NASDAQ:BCOW), a small-cap financial institution with a market capitalization of $55.45 million, has announced the extension of employment agreements with key executive officers. The Board of Directors confirmed on Monday that the contracts of David Ball (NYSE:BALL), President and CEO, and several other executives have been extended.
David Ball's new term as President and CEO will now conclude on January 19, 2028, marking a three-year extension from the original end date. The agreements of Steven T. Klitzing, EVP and CFO; Daniel Kempel, SVP and Chief Credit Officer; Eric T. Hurd, SVP and Chief Lending Officer; and Monica Baker, EVP and COO, are set to expire on July 8, 2026, each receiving an 18-month extension. According to InvestingPro data, the company's stock has shown strong momentum with a 28% gain over the past six months, though it currently appears overvalued based on Fair Value analysis.
No further changes to the terms of the employment agreements were reported. This move indicates the company's satisfaction with its current leadership and a desire for stability at the executive level.
The extensions come as 1895 Bancorp of Wisconsin continues to navigate the competitive landscape of non-federally chartered savings institutions. The company, headquartered in Greenfield, Wisconsin, operates under the jurisdiction of Maryland with a fiscal year ending on December 31.
This information, based on a press release statement, reflects the company's commitment to its leadership team and strategic direction. The details of the extensions were filed with the Securities and Exchange Commission on December 27, 2024, as part of the company's regulatory disclosures.
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