secwatch.observer — SEC 8-K summary
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Issuer:     Central Plains Bancshares, Inc. (CPBI)
CIK:        0001979332
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0000943374-23-000430
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
LLM model:  deepseek-v4-flash:cloud@v2

Central Plains Bancshares sets executive comp post-conversion: CEO $227K salary, EVP CIC deals
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1979332/000094337423000430/0000943374-23-000430-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1979332/000094337423000430/form8k_102423.htm
  HTML page:      https://secwatch.observer/filing/0000943374-23-000430

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