---
schema_version: "secwatch.filing_event.v1"
accession: "0000939057-25-000145"
form_type: "8-K"
ticker: "PROV"
cik: "0001010470"
company_name: "PROVIDENT FINANCIAL HOLDINGS INC"
filed_at: "2025-05-23T23:59:59+00:00"
generated_at: "2026-05-20T12:45:25.720696+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Provident Financial signs severance deal with CFO Fan; 2x salary plus bonus on change-in-control termination

## Summary
- Severance agreement with SVP/CFO Peter C. Fan effective May 22, 2025, through Feb 28, 2026.
- Upon qualifying termination within 12 months after a change in control: lump sum of 2x base salary plus 2x largest annual bonus in prior 2 years.
- Continued life, medical, dental, vision and disability coverage for 2 years post-termination.
- Agreement includes standard regulatory provisions, arbitration, and requires release of claims.

## SEC filing metadata
- accession: 0000939057-25-000145
- form_type: 8-K
- ticker: PROV
- cik: 0001010470
- company_name: PROVIDENT FINANCIAL HOLDINGS INC
- filed_at: 2025-05-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1010470/000093905725000145/0000939057-25-000145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1010470/000093905725000145/prov8k52225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-25-000145
- JSON: https://secwatch.observer/filing/0000939057-25-000145.json
- Plain text: https://secwatch.observer/filing/0000939057-25-000145.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.