Affinity Bancshares (NASDAQ: AFBI) extends CEO and CFO contracts

Rhea-AI Filing Summary

Affinity Bancshares, Inc. reported that its Boards of Directors have extended the employment agreements of key executives at the holding company and its wholly owned subsidiary, Affinity Bank.

The agreements for President and Chief Executive Officer Edward J. Cooney and Executive Vice President and Chief Credit Officer Clark N. Nelson now run through September 1, 2028. The agreements for Chief Financial Officer Brandi Pajot and Executive Vice President of Lending Elizabeth M. Galazka now run through September 1, 2027.

The company stated that there were no other changes to the terms of these employment agreements, indicating a focus on leadership continuity without altering compensation or other contractual provisions.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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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): September 25, 2025

AFFINITY BANCSHARES, INC.

(Exact Name of Registrant as Specified in Charter)

Maryland	001-39914	82-1147778
(State or Other Jurisdiction of Incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)

3175 Highway 278, Covington, Georgia	30014
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (770) 786-7088

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		AFBI		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

On September 25, 2025, the Boards of Directors of Affinity Bancshares, Inc. and its wholly-owned subsidiary, Affinity Bank, extended the terms of the Employment Agreements with certain officers, including Edward J. Cooney, President and Chief Executive Officer, Brandi Pajot, Chief Financial Officer, Clark N. Nelson, Executive Vice President and Chief Credit Officer and Elizabeth M. Galazka, Executive Vice President of Lending, such that the terms of the Employment Agreements expire on September 1, 2028 (with respect to Messrs. Cooney and Nelson) and September 1, 2027 (with respect to Mss. Pajot and Galazka). There were no other changes to the Employment Agreements.

Item 9.01 Financial Statements and Exhibits

Not applicable

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.

		AFFINITY BANCSHARES, INC.
DATE: September 25, 2025	By:	/s/ Brandi Pajot
		Brandi Pajot
		Senior Vice President and Chief Financial Officer

FAQ

What executive employment changes did Affinity Bancshares (AFBI) disclose?

Affinity Bancshares disclosed that it extended the employment agreements of four senior officers at the company and its bank subsidiary, without changing any other terms of those agreements.

Whose contracts were extended in the AFBI 8-K filing?

The filing covers extensions for Edward J. Cooney (President and CEO), Brandi Pajot (Chief Financial Officer), Clark N. Nelson (Executive Vice President and Chief Credit Officer), and Elizabeth M. Galazka (Executive Vice President of Lending).

How long are the new employment terms for AFBIs CEO and Chief Credit Officer?

The employment agreements for Edward J. Cooney and Clark N. Nelson now expire on September 1, 2028, extending their leadership roles at Affinity Bancshares and Affinity Bank.

When do the CFO and EVP of Lending agreements at AFBI now expire?

The employment agreements for Chief Financial Officer Brandi Pajot and Executive Vice President of Lending Elizabeth M. Galazka now expire on September 1, 2027.

Were compensation or other terms changed in the new AFBI executive agreements?

No. The company stated that there were no other changes to the employment agreements beyond extending their expiration dates.

What type of SEC filing did Affinity Bancshares use for this disclosure?

Affinity Bancshares reported these executive employment agreement extensions in a Form 8-K, which is used to disclose significant current events.