secwatch.observer — SEC 8-K summary
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Issuer:     CAMDEN NATIONAL CORP (CAC)
CIK:        0000750686
Form:       8-K
Filed at:   2024-04-09T23:59:59+00:00
Accession:  0000750686-24-000119
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Camden National board approves amended Executive Annual Incentive Program effective 2024
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- Annual cash incentive awards based on company and individual performance goals set by Compensation Committee.
- Company performance factor weighted 75%, individual factor weighted 25%; payout 0%-150% of target.
- Participants include executive team and key positions; awards paid by March 15 following year.
- Committee retains discretion to adjust awards; program subject to clawback and recoupment policies.
- Program effective for program years beginning January 1, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750686/000075068624000119/0000750686-24-000119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750686/000075068624000119/cac-20240403.htm
  HTML page:      https://secwatch.observer/filing/0000750686-24-000119

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