{"schema_version":"secwatch.filing_event.v1","accession":"0000943374-23-000517","form_type":"8-K","ticker":"OBT","cik":"0001754226","company_name":"Orange County Bancorp, Inc. /DE/","filed_at":"2023-12-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.318544+00:00","generated_at":"2026-06-07T05:58:22.892648+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Orange County Bancorp enters new employment agreements with CEO Gilfeather and EVP Ruhl","bullets":["CEO Gilfeather: new base salary $670k; retention cash bonuses of $375k (2026) and $125k (2027).","CEO target bonus: 40% of base (AIP) and 50% of base (LTIP); annual SERP contribution opportunity $260k.","EVP Ruhl: base salary $335k; target bonus commensurate with similarly situated executives.","CEO term through March 2027, auto-extends to 2028; EVP term through Dec 2025, auto-renews.","Both agreements include change-of-control severance multiples (3x CEO, 2x EVP) and non-compete covenants."],"urls":{"canonical":"https://secwatch.observer/filing/0000943374-23-000517","json":"https://secwatch.observer/filing/0000943374-23-000517.json","markdown":"https://secwatch.observer/filing/0000943374-23-000517.md","text":"https://secwatch.observer/filing/0000943374-23-000517.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1754226/000094337423000517/0000943374-23-000517-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1754226/000094337423000517/form8k_122223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T05:58:22.892648+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}