SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 10, 2021, Brookline Bancorp, Inc. (the “Company”), its wholly-owned subsidiary, Brookline Bank (the “Bank”), and Paul A. Perrault, President and Chief Executive Officer of the Company, entered into a second amendment (the “Second Amendment”) to the employment agreement among the Company, the Bank and Mr. Perrault, dated as of April 11, 2011, which was previously amended on July 25, 2018 (the “Employment Agreement”). The purpose of the Second Amendment is to provide Mr. Perrault, his spouse, and any eligible dependent of Mr. Perrault, with medical and dental insurance coverage under the Bank’s group medical and dental insurance plans following Mr. Perrault’s termination of employment upon an Event of Termination, Retirement, Disability (as each of those terms is defined in the Employment Agreement), or death, to the maximum extent permissible under the terms and conditions of such plans and under applicable law, until Mr. Perrault’s death (and, independently, the death of his spouse). The preceding description of the Second Amendment is qualified in its entirety by reference to the Second Amendment, a copy of which is attached as Exhibit 10.1 hereto and incorporated by reference herein in its entirety.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | |
10.1 | Second Amendment to the Employment Agreement, dated March 10, 2021, by and among Brookline Bancorp, Inc., Brookline Bank and Paul A. Perrault |
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.
Date: March 10, 2021 | BROOKLINE BANCORP, INC. | |
By: | /s/ Michael W. McCurdy | |
Michael W. McCurdy | ||
Chief Risk Officer, General Counsel and Secretary |
Exhibit Index
Exhibit No. | Description | |
10.1 | Amendment to the Employment Agreement, dated March 10, 2021, by and among Brookline Bancorp, Inc., Brookline Bank and Paul A. Perrault |