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Orange County Bancorp, Inc. (NASDAQ:OBT) notified executive officers and directors on Friday of an upcoming blackout period restricting trading in the company’s common stock under its employee benefit plans. The blackout period is scheduled to begin at 4:00 p.m. Eastern time on November 10, 2025, and is expected to conclude during the week of November 30, 2025, according to a statement released in a Securities and Exchange Commission filing.
The temporary suspension is required to facilitate the transfer of assets, recordkeeping, and related services for the Orange County Bancorp, Inc. 401(k) Plan from the current administrator, Empower Retirement, LLC, to Principal. During this period, executive officers and directors will generally be prohibited from conducting transactions involving the company’s equity securities, including shares held outside the 401(k) Plan, as mandated by the Sarbanes-Oxley Act of 2002 and Regulation BTR.
The company stated that the blackout period may be extended if circumstances beyond its control arise. Information regarding the exact dates of the blackout period will be available from Michael Lesler, Executive Vice President and Chief Financial Officer, for two years following the end of the blackout.
This information is based on a press release statement included in Orange County Bancorp’s SEC filing.
In other recent news, Orange County Bancorp, Inc. announced the resignation of Gustave “Gus” J. Scacco from its Board of Directors. Mr. Scacco also stepped down from his roles as Chief Executive Officer and Chief Investment Officer at Hudson Valley Investment Advisors, Inc., a subsidiary of Orange County Bancorp. The company disclosed these leadership changes in a Form 8-K filed with the Securities and Exchange Commission. Details regarding the reasons for Mr. Scacco’s resignation were not provided in the filing. These developments come as part of recent updates from the company.
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