{"url_path":"/sec/dcom-p/8-k/2026-06-01/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-01","source_url":"https://www.sec.gov/Archives/edgar/data/846617/0000943374-26-000219-index.html","accession_number":"0000943374-26-000219","cik":"0000846617","ticker":"DCOM","issuer_name":"Dime Commercial Bancshares, Inc. /NY/","edgar_url":"https://www.sec.gov/Archives/edgar/data/846617/0000943374-26-000219-index.html","primary_entity_key":"0000846617","primary_entity_name":"Dime Commercial Bancshares, Inc. /NY/"},"word_count":280,"has_tables":true,"body_markdown":"Item 5.02.\n\nDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain\nOfficers\n\nOn May 28, 2026, Dime Commercial Bancshares, Inc., formerly known as Dime Community Bancshares, Inc. (the “Company”) and Dime Commercial\nBank, formerly known as Dime Community Bank (the “Bank”) entered into amended and restated employment agreements (the “Employment Agreements”) with Stuart H. Lubow, President and Chief Executive Officer of the Company and Bank, Avinash Reddy,\nSenior Executive Vice President, Chief Financial Officer and Chief Operating Officer of the Company and Bank, and Thomas X. Geisel, Senior Executive Vice President and Chief Commercial Officer of the Company and Bank (together, the “Executives”).\nThe Employment Agreements are effective as of May 28, 2026, and replace the prior employment agreements with the Company and the Bank, as amended (the “Prior Agreements”).\n\nThe Employment Agreements were amended to remove a perquisite allowance benefit from the Prior Agreements for each of Mr. Lubow, Mr. Reddy, and Mr. Geisel\nin the amounts of $100,000, $50,000 and $50,000, respectively, and these amounts were added to the current base salary for each Executive.  The Employment Agreement for Mr. Lubow was also revised to provide that a severance payment upon a\ntermination of employment for “good reason” or without “cause” (as such terms are defined in the Employment Agreement) would also include the Company’s contributions to the defined benefit portion of the Dime Community Bank Supplemental Executive\nRetirement Plan.\n\nThe foregoing description of the Employment Agreements is not intended to be complete and is qualified in its entirety by reference to the Employment\nAgreements attached hereto as Exhibits 10.1, 10.2, 10.3 and incorporated by reference into this Item 5.02."}