UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K
CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  October 16, 2023

Generations Bancorp NY, Inc.
(Exact Name of Registrant as Specified in Charter)

Maryland
 
001-39883
 
85-3659943
(State or Other Jurisdiction
of Incorporation)
 
(Commission File No.)
 
(I.R.S. Employer
Identification No.)
     
20 East Bayard Street, Seneca Falls, New York
 
13148
(Address of Principal Executive Offices)
 
(Zip Code)

Registrant's telephone number, including area code: (315) 568-5855

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class
Trading symbol(s)
Name of each exchange on which registered
Common Stock, Par Value $0.01 Per Share
GBNY
The Nasdaq Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).    
                                    Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  



Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Generations Bancorp NY, Inc. (the “Company”) and Generations Bank (the “Bank”) are saddened to report that Mr. Menzo Case, President and Chief Executive Officer of the Company and the Bank, passed away on October 13, 2023. He will be greatly missed and the Company and the Bank extend their sincere condolences to Mr. Case’s family.

The Company announced that effective October 16, 2023, Angela Krezmer, the Company’s Chief Financial Officer, has been appointed to serve as the Company’s interim Principal Executive Officer.  Ms. Krezmer remains the Company’s Chief Financial Officer.

Angela Krezmer, age 38, is the Company’s Chief Financial Officer, a position she has held since June 2021. Prior to this appointment, from June 2020 until June 2021, Ms. Krezmer served as Chief Financial Officer of Prosper Bank, Coatesville, Pennsylvania. Prior to that role, Ms. Krezmer served for more than a decade at Fairport Savings Bank, Fairport, New York where she held various positions including Chief Financial Officer.  
Item 8.01.
Other Events

On October 16, 2023, the Company announced the Company and the Bank have each reduced the size of its Board of Directors to eliminate the vacancy caused by Mr. Case’s passing.

Item 9.01.
Financial Statements and Exhibits

(a)
Financial Statements of Businesses Acquired.  Not applicable.

(b)
Pro Forma Financial Information.  Not applicable.

(c)
Shell Company Transactions.  Not applicable.

(d)
Exhibits.  None



SIGNATURES

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.


 
GENERATIONS BANCORP NY, INC.
   
   
   
DATE: October 16, 2023
By:     /s/ Angela M. Krezmer
 
Angela M. Krezmer
 
Chief Executive Officer




v3.23.3
Document and Entity Information
Oct. 16, 2023
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Oct. 16, 2023
Entity File Number 001-39883
Entity Registrant Name Generations Bancorp NY, Inc.
Entity Central Index Key 0001823365
Entity Incorporation, State or Country Code MD
Entity Tax Identification Number 85-3659943
Entity Address, Address Line One 20 East Bayard Street
Entity Address, City or Town Seneca Falls
Entity Address, State or Province NY
Entity Address, Postal Zip Code 13148
City Area Code 315
Local Phone Number 568-5855
Title of 12(b) Security Common Stock, Par Value $0.01 Per Share
Trading Symbol GBNY
Security Exchange Name NASDAQ
Entity Emerging Growth Company true
Entity Ex Transition Period false
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false

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