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BROADWAY FINANCIAL CORPORATION

(BYFC)
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BROADWAY FINANCIAL CORP DE : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

03/29/2021 | 06:08am EDT

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

          Appointment of Certain Officers; Compensatory Arrangement of Certain
          Officers


Broadway Financial Corporation (the "Broadway") entered into a Settlement and Release Agreement as of March 24, 2021 with Robert C. Davidson, a director of the Broadway, in connection with the prospective termination of Broadway's Director Emeritus Policy. Pursuant to the agreement, Broadway agreed to pay $120,000 to Mr. Davidson and Mr. Davidson waived and released any claim he might have relating to or arising out of the Director Emeritus Policy.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits. The following exhibits are filed with this report on Form 8-K:



Exhibit
No.        Description
  10.1     Settlement and Release Agreement, dated as of March 24, 2021


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