UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 | Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
As previously disclosed, James M. Burke was appointed Chief Executive Officer of The Community Financial Corporation (the “Company”) and its wholly owned subsidiary Community Bank of the Chesapeake (the “Bank”), effective August 31, 2022. Mr. Burke succeeds William J. Pasenelli who retired as Chief Executive Officer of the Company and the Bank, and as a member of the Board of Directors of each of the Company and the Bank, effective August 31, 2022. Mr. Burke will also continue to serve as President of the Company and the Bank. Effective September 1, 2022, Mr. Burke will also serve as Vice-Chair of the Board of Directors of each of the Company and the Bank.
Mr. Burke, age 54, has served as the Company’s President, and as a member of the Company’s Board of Directors, since February 25, 2021. Mr. Burke has also served as the Bank’s President, and as a member of the Bank’s Board of Directors, since 2016. Prior to being appointed as President of the Bank, Mr. Burke served as Executive Vice President and Chief Risk Officer of the Bank since 2005.
The Company has not entered into, or amended, any material plan, contract or arrangement to which Mr. Burke is a party or in which he participates in connection with the promotions described above. In the event of such entry into, or amendment of, a material plan, contract or arrangement in connection with the promotions, the Company will file an amendment to this report within four business days thereof.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
Number | Description | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
THE COMMUNITY FINANCIAL CORPORATION | |||
(Registrant) | |||
Date: September 1, 2022 | By: | /s/ James M. Burke | |
James M. Burke | |||
President and Chief Executive Officer |