On March 25, 2026, Bogota Financial Corp. disclosed in an 8-K filing that Robert Walsh, the Executive Vice President and Chief Lending Officer of Bogota Savings Bank, has announced his intention to retire effective March 31, 2026. The company has entered into a Retirement and Consulting Agreement with Walsh, which includes a lump sum payment of $15,000 representing his pro-rated annual incentive pay for 2026, as well as the immediate vesting of his unvested stock options. Walsh will also provide consulting services for a fee of $10,000 per month until July 2026. The agreement includes standard post-employment obligations such as non-solicitation restrictions for one year following his retirement. This transition is part of the company's ongoing leadership strategy, ensuring continuity while allowing for the integration of new leadership. The company does not anticipate any significant impact on its operations or financial performance as a result of this change, maintaining a neutral outlook on the stock price.

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