[8-K] SR Bancorp, Inc. Reports Material Event

Rhea-AI Filing Summary

SR Bancorp, Inc. (SRBK) announced an upcoming leadership transition. On November 19, 2025, William P. Taylor notified the company that he will retire as Chief Executive Officer of SR Bancorp and its wholly owned subsidiary Somerset Regal Bank, effective January 1, 2026. He will continue to serve as a director of SR Bancorp and as Executive Chairman of Somerset Regal Bank, and his decision is stated as not related to any disagreement over operations, policies or practices.

Effective January 1, 2026, Christopher J. Pribula will become President and Chief Executive Officer of both SR Bancorp and Somerset Regal Bank. Pribula, age 61, has been President and Chief Operating Officer of the bank since 2019 and also serves as President and Chief Operating Officer of SR Bancorp. On the same date, Neil Viotto, age 56, will be promoted to Executive Vice President and Chief Operating Officer of the company and the bank, building on his senior lending and origination experience. The bank plans to enter into new or amended employment agreements with Taylor, Pribula and Viotto to reflect these changes.

Insights

Banking governance and leadership expert

Orderly internal CEO succession with continuity at board and bank level.

SR Bancorp is implementing a planned transition in top leadership, with long-time executive William P. Taylor retiring as Chief Executive Officer effective January 1, 2026. He will remain a director of SR Bancorp and Executive Chairman of Somerset Regal Bank, which preserves institutional knowledge and board-level continuity while shifting day-to-day leadership.

Christopher J. Pribula, age 61, will step up as President and Chief Executive Officer of both the company and the bank. His tenure as President and Chief Operating Officer since 2019, and earlier as Executive Vice President and Chief Operating Officer from 2013, indicates an internal promotion from an experienced operator rather than an external hire. Neil Viotto, age 56, will move into the Executive Vice President and Chief Operating Officer roles, drawing on prior senior lending leadership at Somerset Savings Bank and Peapack Gladstone Bank.

The filing notes Taylor’s resignation is not due to any disagreement regarding operations, policies or practices, and states there are no related-party relationships or disclosable transactions involving Pribula or Viotto. The bank expects to put new or amended employment agreements in place for all three executives to align contracts with their updated roles following the January 1, 2026 transition.

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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):   November 19, 2025

SR BANCORP, INC.

(Exact Name of Registrant as Specified in Charter)

Maryland	001-41808	92-2601722
(State or Other Jurisdiction of Incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)

220 West Union Avenue, Bound Brook, New Jersey	08805
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (732) 560-1700

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, $0.01 par value		SRBK		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 November 19, 2025, William P. Taylor announced that he will retire as Chief Executive Officer of SR Bancorp, Inc. (the “Company”) and its wholly owned subsidiary Somerset Regal Bank (the “Bank”), effective January 1, 2026. Mr. Taylor will remain as a director of the Company and Executive Chairman of the Bank. Mr. Taylor’s resignation as Chief Executive Officer was not related to a disagreement with the Company or the Bank on any matter relating to the Company’s or the Bank’s operations, policies or practices.

Effective January 1, 2026, Christopher J. Pribula will be appointed to serve as President and Chief Executive Officer of the Company and the Bank.  Mr. Pribula (age 61) has been President and Chief Operating Officer of Somerset Regal Bank, and its predecessor, Somerset Savings Bank, since 2019, having previously served as Executive Vice President and Chief Operating Officer beginning in 2013. Mr. Pribula also serves as the President and Chief Operating Officer of SR Bancorp.  Mr. Pribula will continue to serve as a director of the Company and the Bank.

Effective January 1, 2026, Neil Viotto, will be promoted to Executive Vice President and Chief Operating Officer of the Company and the Bank.  Mr. Viotto (age 56) has been the Senior Vice President—Senior Mortgage Lending Officer of the Company and the Bank since October 2022.  He served as the Director of Residential Lending for Peapack Gladstone Bank from May 2021 until October 2022.  From July 2011 until May 2021, Mr. Viotto served as the Loan Originations Manager for Somerset Savings Bank, SLA.

There are no relationships between either of Messrs. Pribula or Viotto and any director or executive officer of the Company or the Bank, and there have been no transactions directly or indirectly involving either of Messrs. Pribula or Viotto that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K of the Securities and Exchange Commission.

The Bank intends to enter into new employment agreements or amend its existing employment agreements with Messrs. Taylor, Pribula and Viotto in the near future to reflect these changes.

Item 8.01. Other Events.

On November 20, 2025, the Company issued a press release to disclose Mr. Taylor’s resignation as an executive officer and Messrs. Pribula’s and Viotto’s appointments as reported above.  A copy of the press release is attached as an exhibit hereto and incorporated into this Item 8.01 by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release dated November 20, 2025

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 thereunto duly authorized.

		SR BANCORP, INC.
DATE: November 20, 2025	By:	/s/ William P. Taylor
		William P. Taylor Chief Executive Officer

FAQ

What executive leadership changes did SR Bancorp (SRBK) announce?

SR Bancorp announced that William P. Taylor will retire as Chief Executive Officer of SR Bancorp and Somerset Regal Bank effective January 1, 2026, and that Christopher J. Pribula will become President and Chief Executive Officer of both entities on that date, while Neil Viotto will be promoted to Executive Vice President and Chief Operating Officer.

Will William P. Taylor remain involved with SR Bancorp after retiring as CEO?

Yes. After his retirement as Chief Executive Officer effective January 1, 2026, William P. Taylor will continue to serve as a director of SR Bancorp and as Executive Chairman of Somerset Regal Bank.

Did SR Bancorp indicate any disagreement behind William P. Taylor’s resignation as CEO?

No. The company states that Mr. Taylor’s resignation as Chief Executive Officer was not related to a disagreement with SR Bancorp or Somerset Regal Bank on any matter relating to operations, policies or practices.

What is Christopher J. Pribula’s background before becoming SR Bancorp’s CEO?

Christopher J. Pribula, age 61, has been President and Chief Operating Officer of Somerset Regal Bank and its predecessor Somerset Savings Bank since 2019, previously serving as Executive Vice President and Chief Operating Officer beginning in 2013, and also serves as President and Chief Operating Officer of SR Bancorp.

Who is Neil Viotto and what role will he assume at SR Bancorp?

Neil Viotto, age 56, has been Senior Vice President—Senior Mortgage Lending Officer of SR Bancorp and Somerset Regal Bank since October 2022. Effective January 1, 2026, he will be promoted to Executive Vice President and Chief Operating Officer of both the company and the bank.

Are there any related-party relationships or transactions involving the new SR Bancorp executives?

SR Bancorp states there are no relationships between either of Christopher J. Pribula or Neil Viotto and any director or executive officer, and that there have been no transactions involving them requiring disclosure under Item 404(a) of Regulation S-K.

Will SR Bancorp change employment agreements due to these leadership transitions?

Yes. The bank intends to enter into new employment agreements or amend existing employment agreements with Messrs. Taylor, Pribula and Viotto in the near future to reflect their updated roles.