Citizens Financial amends CEO SERP to use highest 3-year compensation in last 10 years

CITIZENS FINANCIAL SERVICES INC

Board approved Third Amendment to SERP for CEO Randall E. Black, effective June 18, 2024.
Final Average Pay now based on highest average annual compensation from any three non-consecutive years in prior ten years.
Previous calculation used three consecutive years preceding termination or salary reduction.
No material financial impact disclosed; change applies only to CEO per Appendix C.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.