---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-22-000503"
form_type: "8-K"
ticker: "ECBK"
cik: "0001914605"
company_name: "ECB Bancorp, Inc. /MD/"
filed_at: "2022-12-22T23:59:59+00:00"
generated_at: "2026-06-21T00:22:18.901394+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000943374-22-000503
- form_type: 8-K
- ticker: ECBK
- cik: 0001914605
- company_name: ECB Bancorp, Inc. /MD/
- filed_at: 2022-12-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1914605/000094337422000503/0000943374-22-000503-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1914605/000094337422000503/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-22-000503
- JSON: https://secwatch.observer/filing/0000943374-22-000503.json
- Plain text: https://secwatch.observer/filing/0000943374-22-000503.txt

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