secwatch.observer — SEC 8-K summary
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Issuer:     VWF Bancorp, Inc. (VWFB)
CIK:        0001913838
Form:       8-K
Filed at:   2022-10-03T23:59:59+00:00
Accession:  0000943374-22-000427
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VWF Bancorp appoints Michael D. Cahill as President & CEO, effective Jan 1, 2023
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- Cahill will serve as consultant from Oct 1 to Dec 31, 2022 at $15,000/month, then become CEO on Jan 1, 2023.
- Employment agreement: base salary $185K (2023), $200K (2024), $215K (2025) with annual reviews and bonus eligibility.
- Severance: if terminated without cause (not in change of control), lump sum equals remaining base salary plus average bonus.
- Change-in-control termination: lump sum equals 3x base salary plus highest bonus in last 3 years, plus COBRA.
- Post-termination non-compete and non-solicitation for one year applies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1913838/000094337422000427/0000943374-22-000427-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1913838/000094337422000427/form8k.htm
  HTML page:      https://secwatch.observer/filing/0000943374-22-000427

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