---
schema_version: "secwatch.filing_event.v1"
accession: "0000739421-24-000036"
form_type: "8-K"
ticker: "CZFS"
cik: "0000739421"
company_name: "CITIZENS FINANCIAL SERVICES INC"
filed_at: "2024-06-06T23:59:59+00:00"
generated_at: "2026-06-01T06:05:28.157248+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Citizens Fin Svcs reports 2023 bonus awards for NEOs; CEO pay ratio 30.1:1

## Summary
- CEO Randall Black earned $519,918 cash bonus; COO Mickey Jones earned $230,541.
- EVP David Richards received $80,236 bonus (70% cash, 30% restricted shares).
- CEO total compensation $1,260,061; median employee $41,841; pay ratio 30.1:1.
- Updated Summary Compensation Table: Black $1,259,325, Jones $752,718, Richards $463,747.
- Richards' restricted share award: 557 shares at $43.15/sh, vests over 3 years.

## SEC filing metadata
- accession: 0000739421-24-000036
- form_type: 8-K
- ticker: CZFS
- cik: 0000739421
- company_name: CITIZENS FINANCIAL SERVICES INC
- filed_at: 2024-06-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/739421/000073942124000036/0000739421-24-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/739421/000073942124000036/incentivepayout2023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000739421-24-000036
- JSON: https://secwatch.observer/filing/0000739421-24-000036.json
- Plain text: https://secwatch.observer/filing/0000739421-24-000036.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.