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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

___________________________

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported):  March 10, 2021

 

___________________________

 

BROOKLINE BANCORP, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   0-23695   04-3402944
(State or other jurisdiction   (Commission File No.)   (I.R.S. employer
of incorporation)       Identification No.)

 

131 Clarendon Street, Boston, Massachusetts   02116
(Address of principal executive offices)   (Zip Code)

 

(617) 425-4600

(Registrant’s telephone number, including area code)

 

Not applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark if the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company        

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

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