Catalyst Bancorp sets COO base salary at $162,500 under new employment agreement
CLST•Base salaries and board review
Quebedeaux’s base salary was set at $162,500 and Bourque’s base salary was set at $117,500. Both salaries are subject to board increases.
The agreements run through Sept. 12, 2029, and the board is to review them before expiry for a possible three-year extension.
New three-year employment agreements
Catalyst Bancorp’s bank unit signed three-year employment agreements with COO Amanda Quebedeaux and CFO Jacques Bourque, effective Sept. 13, 2026.
Severance and change-in-control terms
Involuntary termination or termination for good reason triggers 12 months’ base-salary severance, conditional on a release, with health coverage for up to 12 months.
A change-in-control termination window of the effective date or 30 days triggers similar 12-month severance, and death pays 12 weeks’ salary.
