secwatch.observer — SEC 8-K summary
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Issuer:     C & F FINANCIAL CORP (CFFI)
CIK:        0000913341
Form:       8-K
Filed at:   2026-06-18T20:20:44+00:00
Accession:  0000913341-26-000036
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

C&F Finance CEO S. Dustin Crone to retire; Shawn Moore named President
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- Crone steps down as President of C&F Finance on June 30, 2026, remains CEO until Dec 31, 2026.
- Shawn Moore, EVP & Chief Credit Officer since 2003, becomes President of C&F Finance on June 30.
- Crone receives $341k base salary during transition; unvested restricted stock vests Dec 31, 2028 if conditions met.
- Board approves SERP amendment allowing multiple discretionary contributions; $100k SERP contribution for CEO Tom Cherry.
- Transition agreement replaces prior employment and change-in-control agreements; includes non-compete in Virginia for 24 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913341/000091334126000036/0000913341-26-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913341/000091334126000036/cffi-20260616x8k.htm
  HTML page:      https://secwatch.observer/filing/0000913341-26-000036

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