---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-23-000312"
form_type: "8-K"
ticker: "ECBK"
cik: "0001914605"
company_name: "ECB Bancorp, Inc. /MD/"
filed_at: "2023-07-19T23:59:59+00:00"
generated_at: "2026-06-13T06:35:36.974276+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "high"
source: SEC EDGAR
---

# ECB Bancorp adopts deferred compensation plan for EVP and Chief Lending Officer

## Summary
- Plan for John Migliozzi effective July 1, 2023; annual Bank contribution intended to be 10% of salary and bonus.
- Account earns interest benchmarked to the 10-year Treasury rate as of December 1 of prior year.
- 100% vested at all times; forfeiture for Cause.
- Payment begins at age 70 (10 annual installments); lump sum upon death or change-in-control with Good Reason.
- Plan is unfunded, unsecured general obligation of Everett Co-operative Bank.

## SEC filing metadata
- accession: 0000943374-23-000312
- form_type: 8-K
- ticker: ECBK
- cik: 0001914605
- company_name: ECB Bancorp, Inc. /MD/
- filed_at: 2023-07-19T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1914605/000094337423000312/0000943374-23-000312-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1914605/000094337423000312/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-23-000312
- JSON: https://secwatch.observer/filing/0000943374-23-000312.json
- Plain text: https://secwatch.observer/filing/0000943374-23-000312.txt

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