BCBP 8-K
Bcb Bancorp Inc (BCBP)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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. |
| (c) | Appointment of Patricia M. Schaubeck to Executive Vice President, Chief Legal Officer and Corporate Secretary |
Effective on October 7, 2026, the Company appointed Patricia M. Schaubeck to the position of Executive Vice President, Chief Legal Officer and Corporate Secretary of both the Company and the Bank as part of a reorganization of the Company’s legal department and C-Suite.
Ms. Schaubeck, age 66, is an attorney admitted to practice in New York, and previously served as Executive Vice President and General Counsel of Dime Community Bancshares, Inc. from March 2018 to April 2024. Prior thereto, Ms. Schaubeck served as General Counsel to Sun Bancorp and its wholly-owned subsidiary, Sun National Bank, in New Jersey from September 2014 to January 2018 and General Counsel to Suffolk Bancorp and its wholly-owned subsidiary, Suffolk County National Bank, from 2012 to 2014. Previously, Ms. Schaubeck served as General Counsel to various Long Island community banks and was associated with various New York City and Long Island, New York law firms where she represented financial institutions and real estate clients.
There are no family relationships between Ms. Schaubeck and any of the Company’s directors or executive officers, and the Company has not entered into any transactions with Ms. Schaubeck that are reportable under Item 404(a) of Regulation S-K.
There is no arrangement or understanding between Ms. Schaubeck and any other persons pursuant to which Ms. Schaubeck was hired as Executive Vice President, Chief Legal Officer and Corporate Secretary.
In connection with Ms. Schaubeck’s hiring as Executive Vice President, Chief Legal Officer and Corporate Secretary, Ms. Schaubeck will receive an annual base salary of $444,600.
| (d) | Appointment of Mr. Steven E. Gallotta and Mr. Denny Kim to the Board of Directors |
On October 7, 2026, the Board, pursuant to its powers under the Company’s bylaws and on the recommendation of the Company’s Nominating and Corporate Governance Committee, appointed Steven E. Gallotta and Denny Kim as directors of the Board of the Company and the Board of Directors of the Bank. Mr. Gallotta and Mr. Kim will serve until the 2027 annual meeting of shareholders, and until their respective successors are duly elected and qualified or until their earlier resignation, retirement or other termination of service.
Mr. Gallotta will serve on the Company’s Audit Committee. He will be compensated for his service as a director on the same basis as the other non-employee directors of the Company, including board fees and the eligibility to receive stock-based awards and other compensation paid to the Company’s directors.
Mr. Kim will serve on the Company’s Nominating and Corporate Governance Committee. He will be compensated for his service as a director on the same basis as the other non-employee directors of the Company, including board fees and the eligibility to receive stock-based awards and other compensation paid to the Company’s directors.
Mr. Gallotta brings over 35 years of financial reporting and assurance experience in the financial services industry to the Board. Mr. Gallotta spent the majority of his career at KPMG, from 1975 until his mandatory retirement from the firm in 2013. He became an audit partner in the New York Financial Services Practice of KPMG in 1986, serving all types of financial institutions, including depository institutions. During this time, Mr. Gallotta also served as an SEC Reviewing Partner and as an Advisory Partner in KPMG’s Office of General Counsel. Mr. Gallotta has been a certified public accountant licensed in New York since 1979. He also was on the Board of St. Patrick’s Nursing Home in the Bronx, New York from 2016 until 2022. Mr. Gallotta previously served as a member of the board of directors of Sterling Bank & Trust FSB from 2020 to 2025 and continues to serve on the board of directors of Sterling Bancorp, Inc. (in dissolution). He obtained his Bachelor of Business Administration from Iona College. He is both a member of the New York State Society of Certified Public Accountants and the American Institute of Certified Public Accountants.
Mr. Kim brings over 20 years of financial experience to the Board. Mr. Kim is the Founder of Whale Point Capital, a private investment firm focused exclusively on the financial services and technology industries and Managing Principal of 7911 Partners, a private investment and advisory firm he founded in 2019. Previously, Mr. Kim was a senior investment professional and Investment Committee Member at WL Ross & Co., a private equity firm founded by former U.S. Commerce Secretary Wilbur L. Ross, where he specialized in financial services investments from 2010 to 2018. Prior to WL Ross & Co., Mr. Kim worked at J.C. Flowers & Co., a private equity firm dedicated to investing globally in the financial services industry. Mr. Kim began his career at Credit Suisse First Boston’s Investment Banking Division, where he advised on mergers, acquisitions and capital raising initiatives for financial institutions. Mr. Kim previously served as a member of the board of directors of Talmer Bancorp, Inc., a board observer at Sun
Bancorp, Inc. and Advisor at Gemspring Capital. Most recently, Mr. Kim served as a member of the board of directors of Sterling Bank & Trust FSB from 2020 to 2025 and continues to serve on the board of directors of Sterling Bancorp, Inc. (in dissolution). Mr. Kim earned a Bachelor of Arts degree from Northwestern University and an MBA from Tuck School of Business at Dartmouth.
There were no understandings or arrangements between either Mr. Gallotta or Mr. Kim and any other persons pursuant to which either Mr. Gallotta or Mr. Kim were each appointed as a director. Neither Mr. Gallotta nor Mr. Kim is a party to any transaction, or series of transactions, required to be disclosed pursuant to Item 404(a) of Regulation S-K. There are also no material plans, contracts or arrangements to which either Mr. Gallotta or Mr. Kim is a party or in which either Mr. Gallotta or Mr. Kim participates that was entered into in connection with either Mr. Gallotta’s or Mr. Kim’s election as a director. The Board has determined that each of Mr. Gallotta and Mr. Kim is an independent director under applicable Company and Nasdaq standards.
A copy of the Company’s press release dated October 7, 2026 announcing the appointment of Mr. Gallotta and Mr. Kim as directors and Ms. Schaubeck as Executive Vice President, Chief Legal Officer and Corporate Secretary is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| No. |
Description | |
| 99.1 | Company Press Release dated October 7, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURE
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.
| BCB BANCORP, INC. | ||||||
| DATE: October 7, 2026 | By: | /s/ Thomas M. O’Brien | ||||
| Thomas M. O’Brien | ||||||
| President and Chief Executive Officer (Duly Authorized Representative) | ||||||
Exhibit 99.1
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CONTACT: | JAWAD CHAUDHRY, | ||||||
| EVP, CFO & TREASURER | ||||||||
| (800) 680-6872 |
BCB Bancorp, Inc. Announces New Directors; Reorganization of C-Suite
BAYONNE, N.J., October 7, 2026 — BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank”), announced today the appointment of Steven E. Gallotta and Denny Kim to the boards of directors of each of the Company and the Bank. Mr. Gallotta will serve on the Company’s Audit Committee and Mr. Kim will serve on the Company’s Nominating and Corporate Governance Committee.
The Company also announced the appointment of Patricia M. Schaubeck as Executive Vice President, Chief Legal Officer and Corporate Secretary of both the Company and the Bank as part of a reorganization of the Company’s legal department and C-Suite.
Thomas M. O’Brien, President and Chief Executive Officer of the Company and the Bank, said: “We are pleased to welcome Steve and Denny to the Board. Steve and Denny have strong credentials and are both highly qualified to join our Board. Their values fit with our mission, and their strategic perspective will be valuable as the Bank goes through its current transition. Each has served as a bank director before and understands how important governance and risk management are for an institution like ours.” Mr. O’Brien added, “Patricia is a seasoned banking lawyer, and her experience at several community banks will be a great asset as we build out our legal function.”
About BCB Bancorp, Inc.
Established in 2000 and headquartered in Bayonne, N.J., BCB Community Bank is the wholly-owned subsidiary of BCB Bancorp, Inc. (NASDAQ: BCBP). The Bank has twenty-two branch offices in Bayonne, Edison, Hoboken, Fairfield, Holmdel, Jersey City, Lyndhurst, Maplewood, Monroe Township, Newark, Plainsboro, River Edge, Rutherford, South Orange, Union, and Woodbridge, New Jersey, and four branches in Hicksville and Staten Island, New York. The Bank provides businesses and individuals a wide range of loans, deposit products, and retail and commercial banking services. For more information, please go to www.bcb.bank.
Forward-Looking Statements
This release, like many written and oral communications presented by BCB Bancorp, Inc., and our authorized officers, may contain certain forward-looking statements regarding our prospective performance and strategies within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of said safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of the Company, are generally identified by use of words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “seek,” “strive,” “try,” or future or conditional verbs such as “could,” “may,” “should,” “will,” “would,” or similar expressions. Our ability to predict results or the actual effects of our plans or strategies is inherently uncertain. Accordingly, actual results may differ materially from anticipated results.
The most significant factors that could cause future results to differ materially from those anticipated by our forward-looking statements include the global impact of the military conflicts in the Ukraine and the Middle East, the potential impact of any future Federal budget stalemate in Congress, global tariffs imposed by the Trump administration, higher inflation levels, and general economic concerns, all of which could impact economic growth and could cause increased loan delinquencies, a reduction in financial transactions and business activities, including decreased deposits and reduced loan originations. Other factors that could cause future results to vary materially from current management expectations as reflected in our forward-looking statements include, but are not limited to: our ability to manage liquidity and capital in a rapidly changing and unpredictable market, supply chain disruptions, labor shortages; unfavorable economic conditions in the United States generally and particularly in our primary market area; the Company’s ability to effectively attract and deploy deposits; changes in the Company’s corporate strategies, the composition of its assets, or the way in which it funds those assets; shifts in investor sentiment or behavior in the securities, capital, or other financial markets, including changes in market liquidity or volatility; the effects of declines in real estate values that may adversely impact the collateral underlying our loans; increase in unemployment levels and slowdowns in economic growth; our level of non-performing assets and the costs associated with resolving any problem loans including litigation and other costs; the impact of changes in interest rates and the credit quality and strength of underlying collateral and the effect of such changes on the market value of our loan and investment securities portfolios; the credit risk associated with our loan portfolio; changes in the quality and composition of the Bank’s loan and investment portfolios; changes in our ability to access cost-effective funding; deposit flows; legislative and regulatory changes, including increases in Federal Deposit Insurance Corporation, or FDIC, insurance rates; monetary and fiscal policies of the federal and state governments; changes in tax policies, rates and regulations of federal, state and local tax authorities; demands for our loan products; demand for financial services; competition; changes in the securities or secondary mortgage markets; changes in management’s business strategies; changes in consumer spending; our ability to hire and retain key employees; the effects of any reputational, credit, interest rate, market, operational, legal, liquidity, or regulatory risk; expanding regulatory requirements which could adversely affect operating results; civil unrest in the communities that we serve; and other factors discussed elsewhere in this report, and in other reports we filed with the SEC, including under “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K filed for the year ended December 31, 2025, and our other periodic reports that we file with the SEC.