MICHAEL P. DEVINE - Corporate Board Profile

Dime Community Bancshares, Inc. /NY/

Filing Date	Source Excerpt
2021-04-16	Michael P. Devine. Age 74; Director since 2021. Mr. Devine was appointed a director of the Company effective with the closing of the merger with Legacy Dime on February 1, 2021. He previously served as a director of Legacy Dime since 1995, a director of DCB since 1980 and as Vice Chairman of the Boards of both Legacy Dime and DCB since 2014. Compensation Committee and Corporate Governance Committee member.
2022-04-15	Mr. Devine was appointed a director of the Company effective with the closing of the merger between Legacy Bridge and Legacy Dime on February 1, 2021. He previously served as a director of Legacy Dime since 1995, a director of DCB since 1980 and as Vice Chairman of the Boards of both Legacy Dime and DCB since 2014. Mr. Devine served as President of Legacy Dime and DCB from 1997 to his retirement in 2015, after serving as Chief Operating Officer of Legacy Dime from its inception in 1995 to 2014, and of DCB from 1989 to 2014. Mr. Devine’s in-depth knowledge of the banking industry and Legacy Dime, obtained from his lifelong career in the industry, make him qualified to serve on the Board. The Compensation Committee consists of Directors Chen (Chairperson), Devine, Lindenbaum and McCoy Jr. The Corporate Governance Committee consists of Directors Suskind (Chairperson), Devine, Lindenbaum and Stein. Each member of the Compensation Committee and Corporate Governance Committee is considered independent as defined in the Nasdaq corporate governance listing standards. Director Summary Compensation Table shows Mr. Devine received $65,542 in fees earned or paid in cash and $53,609 in stock awards, totaling $119,151.
2023-04-13	Mr. Devine has been a director of the Company since 2021 and previously served as a director of Legacy Dime since 1995, a director of DCB since 1980, and as Vice Chairman of the Boards of both Legacy Dime and DCB since 2014. Mr. Devine served as President of Legacy Dime and DCB from 1997 to his retirement in 2015, after serving as Chief Operating Officer of Legacy Dime from its inception in 1995 to 2014, and of DCB from 1989 to 2014. Mr. Devine’s in-depth knowledge of the banking industry, obtained from his lifelong career in the industry, make him qualified to serve on the Board.
2024-04-10	Mr. Devine was appointed a director of the Company effective with the closing of the Merger. For fiscal year 2023, each outside non-employee director received an annual retainer fee of $130,000. The Chairpersons of the Audit, Compensation, and Enterprise Risk Committees received an annual Committee chair retainer of $25,000 and the Chairperson of the Corporate Governance Committee received an annual Committee chair retainer of $15,000. No Committee chair retainer was paid if the chair was also the Lead Director. Retainers for the compliance risk, credit risk and strategic planning Committees were eliminated in 2023. The Compensation Committee consists of Directors Chen (Chairperson), Devine, Lindenbaum and McCoy, Jr. The Corporate Governance Committee consists of Directors Suskind (Chairperson), Devine, Lindenbaum and Stein.
2025-04-07	Michael P. Devine announced his decision to retire on April 24, 2025. Therefore, he will not be standing for reelection. For fiscal year 2024, each outside non-employee director received an annual retainer fee of $130,000. The Chairpersons of the Audit, Compensation, and Enterprise Risk Committees received an annual Committee chair retainer of $25,000 and the Chairperson of the Corporate Governance Committee received an annual Committee chair retainer of $15,000. All retainers were paid 55% in cash and 45% in Common Stock.