Christina R. Hassink

About Christina R. Hassink

Christina R. Hassink is Vice President – Operations at Monroe Federal Bancorp (MFBI), serving in this role since October 2024; she previously served as Vice President – Business Development Officer (2022–2024) and Business Development Officer (2019–2022), and began her career at Monroe Federal in 2012. She holds a degree from Franklin University and is age 40 as of March 31, 2025 . Company-level revenue increased year-over-year in FY 2025 versus FY 2024, a useful backdrop for evaluating operational execution during her tenure at senior roles (see table below; values retrieved from S&P Global).*

*Values retrieved from S&P Global

Past Roles

External Roles

Fixed Compensation

• Not disclosed for Ms. Hassink in the proxy’s named executive officer table (NEO table covers CEO, CFO, VP Commercial Lending) .

Performance Compensation

• No individual performance metrics, targets, weightings, payouts, or vesting schedules disclosed for Ms. Hassink .
• Plan-level design relevant to any future executive awards:
  • Minimum one-year vesting for at least 95% of awards; acceleration permitted upon death, disability, or involuntary termination in connection with a change in control; up to 5% of awards may be issued/accelerated without the one-year minimum .
  • Performance awards (options, restricted stock “performance shares,” RSUs “performance share units”) may be conditioned on goals set by the Compensation Committee; partial achievement can lead to partial vesting; performance periods may span multiple fiscal years .
  • No dividends on RSUs; dividend equivalent rights, if granted, are paid only at settlement and subject to the same restrictions as the underlying RSU .
  • Double-trigger change-in-control vesting: requires both a change in control and involuntary termination/resignation for good reason; if acquiror does not assume awards, awards vest per plan terms .
  • Clawback applies under Dodd-Frank Section 954 and company policy; hedging/pledging restricted; insider trading policy applies .

Equity Ownership & Alignment

Employment Terms

• Executive Officers (Change-in-Control Agreements): The company entered substantially identical change-in-control agreements with certain officers including CFO Lisa M. Bird and VP Commercial Lending Douglas E. Thompson, plus three other officers (the proxy does not explicitly name Ms. Hassink among them) . Terms for covered officers include:
  • Term structure: initial term Oct 23, 2024–Dec 31, 2024; extends one year at a time subject to annual board performance evaluation; auto-renews for one year upon a change in control .
  • Severance: upon involuntary termination or resignation for good reason during the agreement term, lump sum equal to 1x (base salary at termination or pre-CIC, whichever is higher) plus highest annual cash bonus from prior three calendar years; 12 months of company-paid medical/dental; potential 280G reductions for excess parachute payments .
• 2025 Equity Plan change-in-control treatment (applies to award holders generally):
  • RSAs/RSUs fully vest upon involuntary termination at or following a change in control; performance awards vest at greater of target or annualized actual performance as of most recent completed fiscal quarter; if awards are not assumed by successor, they fully vest per plan terms .
  • CIC definition includes merger resulting in prior shareholders holding <50% voting power, acquisition of ≥25% voting securities, or significant change in board composition over two years .
• Deferred compensation: RSUs may be deferred under 409A-compliant elections; committee may amend to maintain compliance with 409A .
• Clawback, trading, hedging/pledging restrictions: Awards subject to clawback; insider trading policy applies; hedging/pledging restricted .

Compensation Committee Analysis

• The Compensation Committee sets senior management compensation, reviews cash/long-term incentives, and conducts CEO performance reviews; may establish performance goals for awards under the 2025 Equity Plan .

Performance & Track Record

• Tenure in senior roles: ascended through business development leadership to VP – Operations in Oct 2024, indicating operational leadership continuity .
• Company revenue backdrop during recent fiscal years is shown above (About section); EBITDA not disclosed in proxy and unavailable via S&P for these fiscal years.*
  *Values retrieved from S&P Global

Investment Implications

• Alignment: Hassink holds 5,137 shares (<1% of outstanding), including IRA and ESOP holdings, and has no pledged shares—positive alignment with shareholders though ownership is small relative to float .
• Selling pressure and retention: Plan’s minimum one-year vesting and prohibition of dividends on RSUs until settlement reduce near-term cash-out incentives; double-trigger CIC vesting and clawback/hedging restrictions reinforce retention and governance discipline .
• Contract economics: Change-in-control agreements provide 1x salary+highest bonus and 12 months benefits for covered officers, which could modestly cushion departures in M&A scenarios; however, the proxy does not explicitly confirm Ms. Hassink’s coverage, and investors should verify her agreement status directly .
• Governance: An independent Compensation Committee with formal oversight and performance-goal capability under the new equity plan supports pay-for-performance alignment going forward; future awards to executives under the plan are discretionary and not yet determinable .