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Leadership changes · STLE · SEC Form 8-K, Item 5.02

Leadership changes at Steele Bancorp Inc (2026)

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Who joined and who left Steele Bancorp Inc (STLE)? 1 filing reported on 2026-08-28, each cited to the company's own filing.

As of November 6, 2026, Steele Bancorp Inc has reported one leadership change filing to the SEC under Item 5.02 of Form 8-K, on August 28, 2026 (Form 8-K, August 28, 2026).

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Changes1
Latest filing2026-08-28

Steele Bancorp Inc reported a change among its directors and officers to the SEC on Form 8-K, Item 5.02, on 2026-08-28. Every row below is cited to the filing it comes from, and this page adds each new change as Steele Bancorp Inc files it.

Also on the record for Steele Bancorp Inc

DateRecordFigureOur pageSource
April 30, 2026Stake report, Schedule 13D, by Steele John Donald Jr.11.9% of the class5%+ stakesSource

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Timeline

FiledIn / outPersonRoleEffectiveSource
2026-08-28Reportednot named in the filing8-K, 2026-08-28
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Every change, in the filing's words

Filed 2026-08-28 · 8-K

Reported

On August 28, 2026, Steele Bancorp, Inc.'s (the "Company") wholly-owned subsidiary, Central Penn Bank & Trust (the "Bank"), (i) entered into a new supplemental executive retirement agreement (the "Agreement") with J. Todd Troxell, the Corporate Secretary of the Company and Senior Executive Vice President and Chief Banking Officer of the Bank; and (ii) entered into amendments to the supplement executive retirement agreements (each an "Amendment") with each of Jeffrey J. Kapsar, President and Chief Executive Officer of the Company and the Bank, Thomas C. Graver, Jr., Senior Executive Vice Presid

Also stated in this filing

  • The Agreement and each Amendment were approved by the Board of Directors of the Bank at a meeting held July 16, 2026.
  • (i) The Agreement provides for normal retirement benefit payments to Mr. Troxell in the amount of $45,600 per year, payable in equal monthly installments over a fifteen (15) year period commencing the month following his attaining the normal retirement age of 65 years.
  • Early termination, disability, and change in control benefits will be paid for 15 years in equal monthly installments commencing on the month following the separation from service in the cases of early termination and a change in control and commencing in the month following Mr. Troxell's attaining the normal retirement age of 65 years in the case of disability.
  • In the event of Mr. Troxell's death prior to his attaining normal retirement age, disability or separation from service, the death benefit will be paid in a lump sum within 60 days following his death.
  • Mr. Troxell will forfeit the benefits payable under the Agreement if he would violate certain restrictive covenants relating to competition with the Bank or the solicitation of customers of the Bank, or if his employment would be terminated for cause.
  • Because the amount of the normal retirement benefit vests over time, the Agreement serves to encourage long employment tenure with the Bank.

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Where this comes from

A public company must file a current report on Form 8-K with the SEC within four business days when a director leaves or is elected, or when its chief executive, chief financial, chief accounting or chief operating officer, or another named executive, departs or is appointed. That disclosure goes under Item 5.02 of the report.

Every change on this page is taken from one of those filings and quoted in the company's own words, with a link to the filing, so it can be checked at the source. Where a filing names the person, the role and the date a change takes effect, they are shown beside the quote. Where it does not, the quote stands on its own. A filing states what changed; it rarely states why, and neither does this page.

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Permanent URL: https://mentionfox.com/executive-changes/steele-bancorp
Last updated 2026-11-06
Primary record: SEC filing 1 · SEC filing 2
What changed at the top of Steele Bancorp Inc? (2026). MentionFox, 2026-11-06. https://mentionfox.com/executive-changes/steele-bancorp