secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS FINANCIAL SERVICES INC (CZFS)
CIK:        0000739421
Form:       8-K
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0000739421-23-000054
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Citizens Financial Services awards 2022 bonuses: CEO Black $561K cash plus stock; pay ratio 33.5:1
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- CEO Randall Black earned $561,226 cash bonus plus 203 shares ($16,926 grant-date value) for FY 2022.
- COO Mickey Jones earned $229,293 cash plus 113 shares ($9,422); CFO Guillaume got $35,446 (70% cash, 30% restricted shares).
- Updated total compensation: Black $1,440,625; Jones $720,898; Guillaume $218,084.
- CEO-to-median-employee pay ratio of 33.5:1; median employee compensation $43,007.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/739421/000073942123000054/0000739421-23-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/739421/000073942123000054/comptablenumbers2023.htm
  HTML page:      https://secwatch.observer/filing/0000739421-23-000054

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer