ECB Bancorp enters employment agreement with CEO O'Neil, change-in-control agreements with two officers

ECB Bancorp, Inc. /MD/

CEO Richard J. O'Neil, Jr. gets 3-year term, $425K base salary, $1K/mo auto allowance, plus bonus and equity eligibility.
Exec VP/COO/CFO John Citrano gets change-in-control severance of 2.5x base plus avg bonus, 2-year term from Dec 21, 2022.
Exec VP/CLO John A. Migliozzi gets change-in-control severance of 2x base plus avg bonus, and a confidentiality/non-solicitation pact.
All agreements effective Dec 21, 2022; Bank's obligations guaranteed by ECB Bancorp.

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