Catalyst Bancorp, Inc. Employment Agreements

Catalyst Bancorp, Inc. announced on September 13, 2026, that its wholly-owned subsidiary, Catalyst Bank, has entered into new employment agreements with two key executives: Amanda Quebedeaux, Chief Operations Officer, and Jacques Bourque, Chief Financial Officer. These agreements are effective from September 13, 2026, and will expire on September 12, 2029, with potential for a three-year extension. Mrs. Quebedeaux's annual base salary will be $162,500, and Mr. Bourque's will be $117,500, both subject to potential increases at the discretion of the Board of Directors. The agreements outline terms for termination, including provisions for severance pay equivalent to twelve months of base salary in cases of involuntary termination, termination for good reason, or termination without cause. Special provisions are in place for termination related to a change in control, potentially increasing severance to twelve months of the greater of current or time-of-termination base salary. The agreements also detail benefits continuation and address potential scenarios such as death or disability.