Does URSB (URSB) disclose any related-party transactions involving Michael L. Hammer?

URSB Bancorp, Inc. states there are no past or currently proposed transactions since the beginning of its last fiscal year involving amounts over $120,000 in which the company was or is a participant and in which Michael L. Hammer had or will have a material interest.

URSB Bancorp adds Michael Hammer to board

URSB Bancorp, Inc. reported that its Board of Directors has appointed Michael L. Hammer as a director in the class of directors whose terms expire in 2026.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

8-K

Rhea-AI Filing Summary

URSB Bancorp, Inc. reported that its Board of Directors has appointed Michael L. Hammer as a director in the class of directors whose terms expire in 2026. His term on the Company’s Board and on the Board of its bank subsidiary, United Roosevelt Savings Bank, will begin on July 29, 2026.

Mr. Hammer was recommended by Lawrence B. Seidman, an investor in community banks, and will serve on the Audit Committee and the Nominating/Corporate Governance Committee once his term starts. He is currently the Chief Compliance Officer and Portfolio Manager of Veteri Place Corporation and an Independent Registered Representative of LPL Financial.

The Company states there are no transactions since the beginning of the last fiscal year, or currently proposed, in which URSB Bancorp was or is to be a participant, where the amount involved exceeds $120,000 and in which Mr. Hammer had or will have a direct or indirect material interest.

8-K Event Classification

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

1 item

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.

Key Figures

Board term start date: July 29, 2026 Board term expiration class year: 2026 Related-party transaction threshold: $120,000

3 metrics

Board term start date July 29, 2026 Effective date for Hammer’s service on company and bank boards

Board term expiration class year 2026 Class of directors in which Hammer will serve

Related-party transaction threshold $120,000 No transactions over this amount involving Hammer and the company

Key Terms

Emerging growth company, Audit Committee, Nominating/Corporate Governance Committee, Independent Registered Representative, +1 more

5 terms

Emerging growth company regulatory

"Securities registered pursuant to Section 12(b) of the Act Emerging growth company x"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Audit Committee financial

"Mr. Hammer has been appointed to serve on the Audit Committee"

A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.

Nominating/Corporate Governance Committee financial

"and Nominating/Corporate Governance Committee of the Company’s Board of Directors"

A nominating/corporate governance committee is a small group of a company’s board members tasked with choosing and evaluating directors and setting the rules that guide how the board operates. Think of it as the board’s hiring and rule-making team: it shapes leadership, board makeup, independence and ethical standards, which in turn influence how well the company is overseen and how investor interests are protected.

Independent Registered Representative financial

"and an Independent Registered Representative of LPL Financial, Fort Mill, South Carolina"

registered investment advisory firm financial

"Veteri Place Corporation, Parsippany, New Jersey, a registered investment advisory firm"

A registered investment advisory firm is a business that provides personalized investment advice and portfolio management for clients and is officially registered with securities regulators. It matters to investors because registration signals the firm has agreed to a legal standard of conduct (a fiduciary duty) and follows reporting and compliance rules, similar to hiring a licensed professional who must disclose conflicts and act in the client’s financial interest.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What board change did URSB (URSB) announce in this 8-K filing?

URSB Bancorp, Inc. announced the appointment of Michael L. Hammer to its Board of Directors, with his term beginning on July 29, 2026 and expiring in 2026, adding banking and compliance experience to its governance structure.

When does Michael L. Hammer’s term begin on URSB (URSB)’s boards?

Michael L. Hammer’s term on the URSB Bancorp, Inc. Board and the United Roosevelt Savings Bank Board begins on July 29, 2026. He joins as a director in the class whose terms expire in 2026, aligning his start date across both entities.

Which URSB (URSB) board committees will Michael L. Hammer join?

Michael L. Hammer will serve on URSB Bancorp, Inc.’s Audit Committee and Nominating/Corporate Governance Committee once his term starts on July 29, 2026, giving him direct involvement in financial oversight and board nomination and governance matters for the company.

Who recommended Michael L. Hammer for the URSB (URSB) board seat?

Michael L. Hammer was recommended to URSB Bancorp, Inc.’s Board of Directors by Lawrence B. Seidman, described as an investor in community banks, indicating that his appointment followed input from an experienced sector-focused investor familiar with regional and community banking institutions.

What is Michael L. Hammer’s professional background relevant to URSB (URSB)?

Michael L. Hammer is Chief Compliance Officer and Portfolio Manager at Veteri Place Corporation and an Independent Registered Representative of LPL Financial. He previously served on the boards and audit committees of HV Bancorp, Inc., Huntington Valley Bank, and Simsbury Bank & Trust Company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 06/26/2026 - 04:34 PM EDT

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): June 24, 2026

URSB Bancorp, Inc.

(Exact Name of Registrant as Specified in its Charter)

Maryland	000-56829	39-4348578
(State or Other Jurisdiction of Incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)

11-15 Cooke Avenue, Carteret, New Jersey		07008
(Address of Principal Executive Offices)		(Zip Code)

(732) 541-5445

(Registrant’s telephone number, including area code)

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:

¨	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

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company x

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 June 24, 2026, URSB Bancorp, Inc. (the “Company”) appointed Michael L. Hammer to its Board of Directors to serve in the class of Directors with terms expiring in 2026. His term will begin on July 29, 2026. United Roosevelt Savings Bank, the Company’s bank subsidiary, also appointed Mr. Hammer to serve on its Board of Directors, with his term beginning on July 29, 2026. Mr. Hammer was recommended to the Company’s Board of Directors by Lawrence B. Seidman, an investor in community banks.

Mr. Hammer has been appointed to serve on the Audit Committee and Nominating/Corporate Governance Committee of the Company’s Board of Directors, effective when his term begins.

Mr. Hammer is the Chief Compliance Officer and Portfolio Manager of Veteri Place Corporation, Parsippany, New Jersey, a registered investment advisory firm, and an Independent Registered Representative of LPL Financial, Fort Mill, South Carolina, a multi-line financial services firm. Previously, he was a member of the Board of Directors of the former HV Bancorp, Inc. and its bank subsidiary, Huntington Valley Bank, and served on the Audit Committee, and was a member of the Board of Directors of the former Simsbury Bank & Trust Company, Inc., Simsbury, Connecticut.

There are no transaction since the beginning of the Company’s last fiscal year, or any currently proposed transactions, in which the Company was or is to be a participant and the amount involved exceeds $120,000, and in which Mr. Hammer had or will have a direct or indirect material interest.

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.

	URSB Bancorp, Inc.



Date: June 26, 2026	By:	/s/ Kenneth R. Totten
		Kenneth R. Totten
		Chairman, President and Chief Executive Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents