leadership
confidence high
sentiment neutral
materiality 0.45
Central Plains Bancshares sets executive comp post-conversion: CEO $227K salary, EVP CIC deals
Central Plains Bancshares, Inc.
- CEO Kunzman: three-year employment agreement, base salary $227,000, auto allowance, club dues, bonus eligibility.
- Kunzman severance: lump sum of remaining base salary plus highest bonus of prior three years if terminated without cause or for good reason (non-CIC).
- Change in control: term extends to two years; severance equals 3x base salary + highest bonus; COBRA for 18 months.
- EVPs Harris and Haecker get change-in-control agreements with 3x base salary + highest bonus severance, COBRA.
- Agreements follow mutual-to-stock conversion; one-year non-compete for Kunzman after termination (excl. CIC).