Eagle Bancorp Montana raises executive salary continuation benefits

Eagle Bancorp Montana, Inc. disclosed on September 28, 2026, that its board of directors approved amendments to the salary continuation agreements for its chief executive officer and chief financial officer, alongside a new agreement for its president and chief operating officer. The filings, submitted to the U.S. Securities and Exchange Commission under Form 8-K, detail specific increases in annual retirement benefits for the company's top three officers.

The Fifth Amendment to the salary continuation agreement for Laura F. Clark, the company's Chief Executive Officer, increases her annual benefit from $46,000 to $86,500. This elevated rate applies if her separation from service occurs on or after May 1, 2027. The amendment is effective as of October 1, 2026.

Simultaneously, the board approved the Second Amendment to the salary continuation agreement for Miranda J. Spaulding, who serves as Executive Vice President and Chief Financial Officer. This amendment raises her annual benefit from $99,500 to $136,500, also effective October 1, 2026.

In addition to the amendments for Clark and Spaulding, the boards of Eagle Bancorp Montana and its wholly owned subsidiary, Opportunity Bank of Montana, approved a new salary continuation agreement for P. Darryl Rensmon. Rensmon holds the titles of President and Chief Operating Officer. The new agreement sets a lifetime annual retirement benefit of $47,500, distributed monthly after he retires at age 70. The document also stipulates partial payments in the event of early termination or death.

The company's disclosure notes that the descriptions of these agreements are qualified in their entirety by reference to the actual documents. The Fifth Amendment to Clark's agreement and the Second Amendment to Spaulding's agreement are attached as Exhibits 10.1 and 10.2 to the Current Report on Form 8-K. Rensmon's new agreement is included as Exhibit 10.3. All three exhibits are incorporated by reference into the filing.

Eagle Bancorp Montana is a Delaware corporation with its principal executive offices in Helena, Montana. Its common stock trades on the Nasdaq Global Market under the symbol EBMT. The report was signed by Laura F. Clark on October 1, 2026.