---
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"
generated_at: "2026-06-07T05:58:22.892648+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Orange County Bancorp enters new employment agreements with CEO Gilfeather and EVP Ruhl

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-23-000517
- JSON: https://secwatch.observer/filing/0000943374-23-000517.json
- Plain text: https://secwatch.observer/filing/0000943374-23-000517.txt

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