Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e)On January 27, 2021, the Board of Directors (the "Board") of Mid-Southern
Savings Bank, FSB (the "Bank"), a wholly-owned subsidiary of Mid-Southern
Bancorp, Inc. (the "Company") approved Amendment No. 2 to the Executive
Employment Agreement (the "Amendment") between the Bank and Alexander G. Babey,
President and Chief Executive Officer of the Bank dated October 1, 2016 and as
previously amended on February 1, 2018. The Amendment, effective January 1,
2021, modifies Section 1 of the Executive Employment Agreement to stipulate
that, at the end of the initial term of the Executive Employment Agreement and
any subsequent term, the Executive Employment Agreement is automatically
extended for a period of 36 months instead of 12 months.
The forgoing description of the Amendment is qualified in its entirety by the
terms of the Amendment, a copy of which is filed herewith as Exhibit 10.1 and
incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibit is being furnished herewith and this list shall constitute
the exhibit index:
Amendment No. 2 effective as of January 1, 2021, to the Executive
10.1 Employment Agreement dated October 1, 2016, as Amended between Mid-Southern
Savings Bank, FSB and Alexander G. Babey .
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