[8-K] Fidelity D & D Bancorp, Inc. Reports Material Event
Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) filed an 8-K dated 11 July 2025 to report an executive realignment under Item 5.02. Effective 9 July 2025, long-time executive Michael J. Pacyna, Jr. moved from Executive Vice President & Chief Lending Officer to Executive Vice President & Chief Credit Officer of Fidelity Deposit and Discount Bank, the Company鈥檚 wholly-owned subsidiary. In his new role, Mr. Pacyna assumes responsibility for Credit and Credit Administration鈥攑reviously under the Chief Operating Officer鈥攁s well as Loan Operations and the Special Assets & Collections Department. The Company states the change is designed to leverage Mr. Pacyna鈥檚 strengths, streamline decision making, and enhance operational efficiency. No financial terms, compensation changes, or additional board alterations were disclosed.
Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) ha presentato un modulo 8-K datato 11 luglio 2025 per comunicare un riallineamento esecutivo ai sensi della voce 5.02. A partire dal 9 luglio 2025, il dirigente di lunga data Michael J. Pacyna, Jr. 猫 passato da Vicepresidente Esecutivo e Chief Lending Officer a Vicepresidente Esecutivo e Chief Credit Officer di Fidelity Deposit and Discount Bank, la controllata interamente posseduta dalla Societ脿. Nel suo nuovo ruolo, il Sig. Pacyna assume la responsabilit脿 del credito e dell'amministrazione del credito鈥攑recedentemente sotto il Chief Operating Officer鈥攐ltre alle operazioni di prestito e al Dipartimento Special Assets & Collections. La Societ脿 dichiara che questa modifica 猫 stata pensata per sfruttare i punti di forza del Sig. Pacyna, semplificare il processo decisionale e migliorare l'efficienza operativa. Non sono stati divulgati termini finanziari, modifiche retributive o ulteriori cambiamenti nel consiglio di amministrazione.
Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) present贸 un formulario 8-K fechado el 11 de julio de 2025 para informar sobre una realineaci贸n ejecutiva bajo el 铆tem 5.02. Con efecto desde el 9 de julio de 2025, el ejecutivo de larga trayectoria Michael J. Pacyna, Jr. pas贸 de Vicepresidente Ejecutivo y Chief Lending Officer a Vicepresidente Ejecutivo y Chief Credit Officer de Fidelity Deposit and Discount Bank, la subsidiaria de propiedad total de la Compa帽铆a. En su nuevo cargo, el Sr. Pacyna asume la responsabilidad de Cr茅dito y Administraci贸n de Cr茅dito鈥攁nteriormente bajo el Chief Operating Officer鈥攁s铆 como de Operaciones de Pr茅stamos y el Departamento de Activos Especiales y Cobranza. La Compa帽铆a declara que el cambio est谩 dise帽ado para aprovechar las fortalezas del Sr. Pacyna, agilizar la toma de decisiones y mejorar la eficiencia operativa. No se divulgaron t茅rminos financieros, cambios en la compensaci贸n ni alteraciones adicionales en la junta directiva.
Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC)電� 2025雲� 7鞗� 11鞚检瀽 8-K 氤搓碃靹滊ゼ 鞝滌稖頃橃棳 頃 5.02鞐� 霐半ジ 鞛勳洂 鞛鞍旃橂ゼ 氤搓碃頄堨姷雼堧嫟. 2025雲� 7鞗� 9鞚茧秬搿�, 鞓る灉 瓴诫牓鞚� 鞛勳洂 Michael J. Pacyna, Jr.電� Executive Vice President 氚� Chief Lending Officer鞐愳劀 Fidelity Deposit and Discount Bank鞚� Executive Vice President 氚� Chief Credit Officer搿� 鞚措彊頄堨姷雼堧嫟. 鞚� 須岇偓電� 鞕勳爠 鞛愴殞靷瀰雼堧嫟. 靸堧鞖� 鞐暊鞐愳劀 Pacyna 鞌姅 鞚挫爠鞐� 斓滉碃鞖挫榿毂呾瀯鞛�(Chief Operating Officer) 靷绊晿鞓�雿� 鞁犾毄 氚� 鞁犾毄 甏�毽�, 雽�於� 鞖挫榿, 韸闺硠 鞛愳偘 氚� 毂勱秾 於旍嫭 攵�靹滌潣 毂呾瀯鞚� 毵￡矊 霅╇媹雼�. 須岇偓電� 鞚措矆 氤�瓴届澊 Pacyna 鞌潣 臧曥爯鞚� 頇滌毄頃橁碃 鞚橃偓 瓴办爼鞚� 臧勳唽頇旐晿氅� 鞖挫榿 須湪靹膘潉 雴掛澊旮� 鞙勴暅 瓴冹澊霛缄碃 氚濏様鞀惦媹雼�. 鞛 臁瓣贝, 氤挫儊 氤�瓴� 霕愲姅 鞚挫偓須� 於旉皜 氤�瓴� 靷暛鞚� 瓿店皽霅橃 鞎婌晿鞀惦媹雼�.
Fidelity D & D Bancorp, Inc. (NASDAQ : FDBC) a d茅pos茅 un formulaire 8-K dat茅 du 11 juillet 2025 pour annoncer une r茅organisation ex茅cutive conform茅ment 脿 l'article 5.02. 脌 compter du 9 juillet 2025, le cadre de longue date Michael J. Pacyna, Jr. est pass茅 de Vice-Pr茅sident Ex茅cutif et Chief Lending Officer 脿 Vice-Pr茅sident Ex茅cutif et Chief Credit Officer de Fidelity Deposit and Discount Bank, filiale en propri茅t茅 exclusive de la Soci茅t茅. Dans son nouveau r么le, M. Pacyna assume la responsabilit茅 du Cr茅dit et de l'Administration du Cr茅dit 鈥� auparavant sous la responsabilit茅 du Chief Operating Officer 鈥� ainsi que des Op茅rations de Pr锚ts et du D茅partement des Actifs Sp茅ciaux et Recouvrements. La Soci茅t茅 indique que ce changement vise 脿 tirer parti des points forts de M. Pacyna, 脿 rationaliser la prise de d茅cision et 脿 am茅liorer l'efficacit茅 op茅rationnelle. Aucune information sur les conditions financi猫res, les modifications de r茅mun茅ration ou d'autres changements au sein du conseil d'administration n'a 茅t茅 divulgu茅e.
Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) reichte am 11. Juli 2025 einen 8-K-Bericht ein, um eine Umstrukturierung der Gesch盲ftsleitung gem盲脽 Punkt 5.02 zu melden. Mit Wirkung zum 9. Juli 2025 wechselte der langj盲hrige Gesch盲ftsf眉hrer Michael J. Pacyna, Jr. von Executive Vice President & Chief Lending Officer zum Executive Vice President & Chief Credit Officer der Fidelity Deposit and Discount Bank, einer hundertprozentigen Tochtergesellschaft des Unternehmens. In seiner neuen Funktion 眉bernimmt Herr Pacyna die Verantwortung f眉r Kredit und Kreditverwaltung 鈥� zuvor unter dem Chief Operating Officer 鈥� sowie f眉r Kreditabwicklung und die Abteilung f眉r Sonderverm枚gen und Inkasso. Das Unternehmen erkl盲rt, dass die 脛nderung darauf abzielt, die St盲rken von Herrn Pacyna zu nutzen, Entscheidungsprozesse zu straffen und die operative Effizienz zu steigern. Finanzielle Bedingungen, 脛nderungen der Verg眉tung oder weitere 脛nderungen im Vorstand wurden nicht bekannt gegeben.
- Centralization of credit functions under an experienced executive could improve risk management and operational efficiency.
- Lack of disclosed performance metrics or compensation terms leaves investors unable to gauge the tangible financial impact of the reorganization.
Insights
TL;DR: Internal promotion centralizes credit oversight; governance impact modest, risk profile unchanged.
This 8-K announces a lateral move for Michael J. Pacyna, Jr. into the newly defined Chief Credit Officer slot. Consolidating Credit, Loan Operations, and Special Assets under a single seasoned executive can tighten risk controls and quicken remediation of problem assets鈥攊mportant for a bank reliant on prudent credit culture. Because Pacyna was already EVP and on the senior leadership team, board composition, succession planning, and incentive structure remain intact, suggesting limited governance disruption. Overall, a routine but sensible restructuring that may marginally improve operational efficiency without triggering investor action.
TL;DR: Role shift aims to streamline credit processes; earnings outlook unaffected.
Assigning one executive to oversee Credit Administration, Loan Ops, and Special Assets can shorten approval cycles and align underwriting with workout strategies鈥攑otentially lowering non-performing loan levels over time. However, the filing provides no quantitative targets, timing guidance, or compensation details, so immediate financial impact cannot be assessed. With no mention of portfolio quality issues or strategic pivots, the event is operational housekeeping rather than a catalyst for valuation change. I view investor impact as neutral.
Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) ha presentato un modulo 8-K datato 11 luglio 2025 per comunicare un riallineamento esecutivo ai sensi della voce 5.02. A partire dal 9 luglio 2025, il dirigente di lunga data Michael J. Pacyna, Jr. 猫 passato da Vicepresidente Esecutivo e Chief Lending Officer a Vicepresidente Esecutivo e Chief Credit Officer di Fidelity Deposit and Discount Bank, la controllata interamente posseduta dalla Societ脿. Nel suo nuovo ruolo, il Sig. Pacyna assume la responsabilit脿 del credito e dell'amministrazione del credito鈥攑recedentemente sotto il Chief Operating Officer鈥攐ltre alle operazioni di prestito e al Dipartimento Special Assets & Collections. La Societ脿 dichiara che questa modifica 猫 stata pensata per sfruttare i punti di forza del Sig. Pacyna, semplificare il processo decisionale e migliorare l'efficienza operativa. Non sono stati divulgati termini finanziari, modifiche retributive o ulteriori cambiamenti nel consiglio di amministrazione.
Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) present贸 un formulario 8-K fechado el 11 de julio de 2025 para informar sobre una realineaci贸n ejecutiva bajo el 铆tem 5.02. Con efecto desde el 9 de julio de 2025, el ejecutivo de larga trayectoria Michael J. Pacyna, Jr. pas贸 de Vicepresidente Ejecutivo y Chief Lending Officer a Vicepresidente Ejecutivo y Chief Credit Officer de Fidelity Deposit and Discount Bank, la subsidiaria de propiedad total de la Compa帽铆a. En su nuevo cargo, el Sr. Pacyna asume la responsabilidad de Cr茅dito y Administraci贸n de Cr茅dito鈥攁nteriormente bajo el Chief Operating Officer鈥攁s铆 como de Operaciones de Pr茅stamos y el Departamento de Activos Especiales y Cobranza. La Compa帽铆a declara que el cambio est谩 dise帽ado para aprovechar las fortalezas del Sr. Pacyna, agilizar la toma de decisiones y mejorar la eficiencia operativa. No se divulgaron t茅rminos financieros, cambios en la compensaci贸n ni alteraciones adicionales en la junta directiva.
Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC)電� 2025雲� 7鞗� 11鞚检瀽 8-K 氤搓碃靹滊ゼ 鞝滌稖頃橃棳 頃 5.02鞐� 霐半ジ 鞛勳洂 鞛鞍旃橂ゼ 氤搓碃頄堨姷雼堧嫟. 2025雲� 7鞗� 9鞚茧秬搿�, 鞓る灉 瓴诫牓鞚� 鞛勳洂 Michael J. Pacyna, Jr.電� Executive Vice President 氚� Chief Lending Officer鞐愳劀 Fidelity Deposit and Discount Bank鞚� Executive Vice President 氚� Chief Credit Officer搿� 鞚措彊頄堨姷雼堧嫟. 鞚� 須岇偓電� 鞕勳爠 鞛愴殞靷瀰雼堧嫟. 靸堧鞖� 鞐暊鞐愳劀 Pacyna 鞌姅 鞚挫爠鞐� 斓滉碃鞖挫榿毂呾瀯鞛�(Chief Operating Officer) 靷绊晿鞓�雿� 鞁犾毄 氚� 鞁犾毄 甏�毽�, 雽�於� 鞖挫榿, 韸闺硠 鞛愳偘 氚� 毂勱秾 於旍嫭 攵�靹滌潣 毂呾瀯鞚� 毵￡矊 霅╇媹雼�. 須岇偓電� 鞚措矆 氤�瓴届澊 Pacyna 鞌潣 臧曥爯鞚� 頇滌毄頃橁碃 鞚橃偓 瓴办爼鞚� 臧勳唽頇旐晿氅� 鞖挫榿 須湪靹膘潉 雴掛澊旮� 鞙勴暅 瓴冹澊霛缄碃 氚濏様鞀惦媹雼�. 鞛 臁瓣贝, 氤挫儊 氤�瓴� 霕愲姅 鞚挫偓須� 於旉皜 氤�瓴� 靷暛鞚� 瓿店皽霅橃 鞎婌晿鞀惦媹雼�.
Fidelity D & D Bancorp, Inc. (NASDAQ : FDBC) a d茅pos茅 un formulaire 8-K dat茅 du 11 juillet 2025 pour annoncer une r茅organisation ex茅cutive conform茅ment 脿 l'article 5.02. 脌 compter du 9 juillet 2025, le cadre de longue date Michael J. Pacyna, Jr. est pass茅 de Vice-Pr茅sident Ex茅cutif et Chief Lending Officer 脿 Vice-Pr茅sident Ex茅cutif et Chief Credit Officer de Fidelity Deposit and Discount Bank, filiale en propri茅t茅 exclusive de la Soci茅t茅. Dans son nouveau r么le, M. Pacyna assume la responsabilit茅 du Cr茅dit et de l'Administration du Cr茅dit 鈥� auparavant sous la responsabilit茅 du Chief Operating Officer 鈥� ainsi que des Op茅rations de Pr锚ts et du D茅partement des Actifs Sp茅ciaux et Recouvrements. La Soci茅t茅 indique que ce changement vise 脿 tirer parti des points forts de M. Pacyna, 脿 rationaliser la prise de d茅cision et 脿 am茅liorer l'efficacit茅 op茅rationnelle. Aucune information sur les conditions financi猫res, les modifications de r茅mun茅ration ou d'autres changements au sein du conseil d'administration n'a 茅t茅 divulgu茅e.
Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) reichte am 11. Juli 2025 einen 8-K-Bericht ein, um eine Umstrukturierung der Gesch盲ftsleitung gem盲脽 Punkt 5.02 zu melden. Mit Wirkung zum 9. Juli 2025 wechselte der langj盲hrige Gesch盲ftsf眉hrer Michael J. Pacyna, Jr. von Executive Vice President & Chief Lending Officer zum Executive Vice President & Chief Credit Officer der Fidelity Deposit and Discount Bank, einer hundertprozentigen Tochtergesellschaft des Unternehmens. In seiner neuen Funktion 眉bernimmt Herr Pacyna die Verantwortung f眉r Kredit und Kreditverwaltung 鈥� zuvor unter dem Chief Operating Officer 鈥� sowie f眉r Kreditabwicklung und die Abteilung f眉r Sonderverm枚gen und Inkasso. Das Unternehmen erkl盲rt, dass die 脛nderung darauf abzielt, die St盲rken von Herrn Pacyna zu nutzen, Entscheidungsprozesse zu straffen und die operative Effizienz zu steigern. Finanzielle Bedingungen, 脛nderungen der Verg眉tung oder weitere 脛nderungen im Vorstand wurden nicht bekannt gegeben.
FAQ
What did Fidelity D & D Bancorp (FDBC) announce in its July 11 2025 8-K?
When did Michael J. Pacyna, Jr.鈥檚 new position take effect?
What departments will the new Chief Credit Officer oversee?
Does the 8-K mention any changes to Mr. Pacyna鈥檚 compensation?
Is there any change to Fidelity D & D Bancorp鈥檚 board of directors?
How might this executive change affect FDBC鈥檚 risk management?
