Stacy L. Gordner
About Stacy L. Gordner
Assistant Vice President and Interim Chief Financial Officer (CFO) of First Keystone Corporation/First Keystone Community Bank since January 1, 2025; age 34 as of March 3, 2025 . She stepped into the CFO role following the prior CFO’s retirement, and has executed Sarbanes-Oxley certifications on the FY2024 10-K and 2025 Q1–Q3 10-Qs, indicating responsibility for disclosure controls and fair presentation of financial results . Company performance context: FY2024 net loss was $13.203 million and the value of a hypothetical $100 investment fell to 68.05 in 2024 from 74.35 in 2023 (proxy TSR table), highlighting a challenging backdrop as she assumed the role .
Past Roles
| Organization | Role | Dates | Strategic Notes |
|---|---|---|---|
| First Keystone Corporation/Bank | Interim CFO | Jan 1, 2025 – Present | Appointed after CFO retirement; executed SOX 302/906 certifications on FY2024 10-K and 2025 Q1–Q3 10-Qs |
| First Keystone Community Bank | Controller | Sep 15, 2024 – Dec 31, 2024 | Internal promotion prior to interim CFO appointment |
| First Keystone Community Bank | Accounting Manager | Aug 14, 2022 – Sep 15, 2024 | Promoted from Accounting Reporting Analyst |
| First Keystone Community Bank | Accounting Reporting Analyst | Through Aug 14, 2022 | Precursor role to Accounting Manager |
Fixed Compensation
| Component | Amount | Effective Date | Notes |
|---|---|---|---|
| Base Salary | $145,000 | Jan 1, 2025 | Initial annual salary as Interim CFO |
| Other Benefits | — | — | Entitled to “other benefits available to senior executives” (not itemized) |
| Incentive/Bonus Target | — | — | Not disclosed in filings reviewed |
| Equity Awards | None | — | Company states it currently does not grant equity awards to executive officers |
Equity Ownership & Alignment
| Item | Value |
|---|---|
| Total beneficial ownership (direct/indirect) | 665 shares; held directly and in Bank 401(k) plan |
| Ownership as % of shares outstanding | ~0.011% (665 / 6,218,781 shares outstanding at Mar 24, 2025) |
| Options/derivatives | None reported on Form 3 (Table II shows no derivative securities) |
| Stock ownership guidelines | Not disclosed; Company Insider Trading Policy explicitly does not prohibit hedging or pledging by executives/directors |
| Pledged shares | None disclosed in Share Ownership section (detail for Gordner shows 665 shares, no pledge references) |
Employment Terms
- Appointment: Interim CFO of the Corporation and Bank effective January 1, 2025; age 34 at appointment; initial annual salary $145,000; entitled to senior executive benefits .
- Role scope: Serves as principal financial officer; signed SOX 302 and 906 certifications on FY2024 10-K and 2025 Q1–Q3 10-Qs .
- Contract/severance: No employment agreement, severance, or change-of-control terms for Gordner disclosed in filings reviewed; Company discloses an employment agreement only for CEO Jack W. Jones .
- Equity plans/vesting: Company indicates it does not currently grant equity awards to executive officers, implying no vesting schedules or equity-related selling pressure for Gordner .
- Trading policy: Insider Trading Policy does not prohibit hedging or pledging by executive officers/directors (governance red flag for alignment) .
Investment Implications
- Alignment and retention: With no disclosed equity awards and only 665 shares owned (~0.011% of outstanding), Gordner’s direct economic alignment is modest; the absence of anti-hedging/pledging prohibitions weakens alignment safeguards versus best practice policies . Near-term retention risk appears low given internal promotion trajectory and formal CFO certifications, but pay/contract protections are not disclosed .
- Selling pressure/vesting: No scheduled vesting or option overhang tied to Gordner—company states it does not grant executive equity awards—reduces insider selling pressure signals specific to her .
- Governance watch items: Monitor for adoption of clawback and anti-hedging/pledging prohibitions; current policy permissiveness is a governance red flag in financial institutions . Also watch for any future bonus plan disclosures (metrics/targets) to evaluate pay-for-performance rigor; current interim CFO compensation lacks disclosed performance linkages .
- Performance context: Gordner took over amid a challenging year—FY2024 net loss of $13.203 million and declining TSR (value of $100 investment at 68.05 in 2024)—placing emphasis on internal controls and earnings stabilization under her financial leadership .