secwatch.observer — SEC 8-K summary
======================================

Issuer:     CAMDEN NATIONAL CORP (CAC)
CIK:        0000750686
Form:       8-K
Filed at:   2023-08-21T23:59:59+00:00
Accession:  0000750686-23-000260
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Camden National appoints Simon Griffiths as CEO successor to Greg Dufour effective Jan 1, 2024
--------------------------------------------------------------------------------

- Simon Griffiths, age 50, joins as EVP & COO on Nov 20, 2023, becomes President & CEO on Jan 1, 2024.
- Gregory Dufour, CEO since 2009, retires Dec 31, 2023; remains advisor through Mar 31, 2024 (or Jun 30).
- Griffiths receives $825K base salary, $500K sign-on cash, $700K sign-on equity, $125K relocation.
- Dufour transition agreement provides continued salary/benefits; unvested RSAs accelerate upon retirement.
- Griffiths previously EVP at Citizens Bank; 20+ years banking experience, including Santander and JPMorgan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750686/000075068623000260/0000750686-23-000260-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750686/000075068623000260/cac-20230816.htm
  HTML page:      https://secwatch.observer/filing/0000750686-23-000260

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