secwatch.observer — SEC 8-K summary
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Issuer:     Affinity Bancshares, Inc. (AFBI)
CIK:        0001823406
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0000943374-22-000303
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Affinity Bancshares appoints Brandi Pajot as CFO, effective July 28, 2022
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- Brandi Pajot, previously Chief Treasury and Risk Officer, named CFO of Affinity Bancshares and Affinity Bank.
- Base salary of $200,000 per year under a two-year employment agreement with annual renewal provisions.
- Change in control triggers automatic two-year extension and lump-sum severance equal to 2x average compensation.
- Severance for termination without cause or for good reason equals greater of remaining salary or average monthly comp.
- Agreement amended on August 2, 2022, aligning terms with CFO role; non-compete and non-solicit clauses apply.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823406/000094337422000303/0000943374-22-000303-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823406/000094337422000303/form8k_072822.htm
  HTML page:      https://secwatch.observer/filing/0000943374-22-000303

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