secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS FINANCIAL SERVICES INC (CZFS)
CIK:        0000739421
Form:       8-K
Filed at:   2026-06-22T11:30:28+00:00
Accession:  0000739421-26-000059
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Appoints John Behm to board; amends CFO SERP; discloses FY2025 bonuses and CEO pay ratio 36.9
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- John D. Behm appointed to Board of Directors effective June 16, 2026; continues as Bank director.
- SERP amendment provides CFO Stephen Guillaume 10% of highest average cash compensation as retirement benefit.
- FY2025 bonuses: CEO Randall Black $590,601 cash; other NEOs combined $266,728 cash plus restricted stock.
- CEO pay ratio disclosed: median employee $48,896, CEO total $1,803,244, ratio 36.9 to 1.
- Total compensation for NEOs updated: Black $1.8M, Richards $482.7k, Willson $454.6k, Guillaume $371.6k, White $415.4k.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/739421/000073942126000059/0000739421-26-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/739421/000073942126000059/czfs-20260622.htm
  HTML page:      https://secwatch.observer/filing/0000739421-26-000059

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