UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported):
(Exact Name of Registrant as Specified in its Charter)
(State or other jurisdiction | (Commission | (IRS Employer |
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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:
Indicate by check mark whether 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).
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Title of each Class | Trading Symbol | Name of each exchange on which registered |
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On March 30, 2022, the Board of Directors of HarborOne Bancorp, Inc. (the “Company”) voted to accelerate the vesting of certain outstanding restricted stock awards and performance stock unit awards that were previously granted to James W. Blake, the Company’s Chief Executive Officer (the “Awards”). As further described below, the Awards will be accelerated to vest on May 18, 2022, the date of Mr. Blake’s previously announced retirement as Chief Executive Officer.
The vesting of Mr. Blake’s restricted stock award granted on October 1, 2020 will be accelerated so that 25,350 shares will vest on May 18, 2022. These shares were originally scheduled to vest on October 29, 2022.
The vesting of Mr. Blake’s restricted stock award granted on March 1, 2021 will be partially accelerated so that 6,872 shares will vest on May 18, 2022. These shares were originally scheduled to vest on March 1, 2023.
The vesting of Mr. Blake’s performance stock unit award granted on March 1, 2021 will be accelerated to vest as follows: approximately 70.8% of Mr. Blake’s performance stock unit award will vest at target level on May 18, 2022 to account for Mr. Blake’s service to the Company for 17 months of the 24-month performance period ending on December 31, 2022.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunder duly authorized.
HARBORONE BANCORP, INC. | ||
By: | /s/ Linda H. Simmons | |
Name: | Linda H. Simmons | |
Title: | Executive Vice President and Chief Financial Officer | |
Date: April 1, 2022 |