Dime Commercial Bancshares, Inc. /NY/ 8-K

What Happened
Dime Commercial Bancshares, Inc. (formerly Dime Community Bancshares, Inc.) filed an 8‑K dated May 28, 2026 reporting a corporate name change and amended employment agreements for three senior executives. The Company and Dime Commercial Bank (formerly Dime Community Bank) amended and restated employment agreements effective May 28, 2026 for Stuart H. Lubow (President & CEO), Avinash Reddy (Senior EVP, CFO & COO) and Thomas X. Geisel (Senior EVP & Chief Commercial Officer). The Company also held its annual shareholders’ meeting on May 28, 2026 where directors were elected, auditor ratification and advisory votes were decided, and the certificate amendment to change the corporate name was approved by shareholders.

Key Details

• Corporate name change filed May 28, 2026 with New York State: Dime Community Bancshares, Inc. → Dime Commercial Bancshares, Inc.; bank name likewise updated. Shareholders approved the name-change amendment (For: 37,061,459; Against: 651,450; Abstain: 81,055).
• Annual meeting facts: 43,886,835 shares outstanding at record date; 37,793,964 shares represented at the meeting (quorum). All director nominees listed in the proxy were elected.
• Employment agreement changes (effective May 28, 2026): removed perquisite allowances and added the amounts to base salary — Stuart Lubow $100,000, Avinash Reddy $50,000, Thomas Geisel $50,000. Mr. Lubow’s agreement was also revised so severance for termination for “good reason” or without “cause” includes the Company’s contributions to the defined‑benefit portion of the supplemental executive retirement plan.
• Other votes at the meeting: ratification of Crowe LLP as independent auditor approved (For: 37,477,760; Against: 245,485); non‑binding advisory approval of named executive officer compensation passed (For: 25,150,561; Against: 8,347,356; Abstain: 40,025).

Why It Matters
The name change formalizes the company’s new branding and is now effective as filed. The amended employment agreements shift previously separate perquisite payments into base salary, which can affect reported compensation and payroll expense treatment going forward, and the CEO’s severance change expands what may be payable on certain terminations (adding defined‑benefit plan contributions). Governance items — director elections, auditor ratification, and a passed advisory say‑on‑pay — provide continuity in management and oversight. Investors should note these corporate governance and compensation updates as they may affect future disclosure of executive pay and the company’s expense profile.