{"schema_version":"secwatch.filing_event.v1","accession":"0000739421-23-000084","form_type":"8-K","ticker":"CZFS","cik":"0000739421","company_name":"CITIZENS FINANCIAL SERVICES INC","filed_at":"2023-11-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.914451+00:00","generated_at":"2026-06-07T22:25:53.451818+00:00","sec_items":["5.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"CZFS enters change-in-control agreement with CFO Guillaume: 1x salary, 18-mo benefits","bullets":["CFO Guillaume receives lump sum of 1x annual base salary upon qualifying termination after change-in-control.","Health insurance and long-term disability coverage continued for 18 months post-termination.","Payments reduced to avoid Section 280G excise tax; six-month delay under Section 409A if required.","Qualifying termination includes termination without cause or resignation for good reason within one year post-change.","Change in control defined as 50% ownership change, board majority change, or merger/asset sale."],"urls":{"canonical":"https://secwatch.observer/filing/0000739421-23-000084","json":"https://secwatch.observer/filing/0000739421-23-000084.json","markdown":"https://secwatch.observer/filing/0000739421-23-000084.md","text":"https://secwatch.observer/filing/0000739421-23-000084.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/739421/000073942123000084/0000739421-23-000084-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/739421/000073942123000084/sguillaumecic.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T22:25:53.451818+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}