leadership
confidence high
sentiment neutral
materiality 0.60
Texas Community Bancshares CFO Julie Sharff to retire Dec 1; Jason McCrary appointed
Texas Community Bancshares, Inc.
- Sharff retires as CFO Dec 1, 2025; stays as Senior VP employee until Feb 20, 2026, then consultant to May 8, 2026.
- McCrary (CPA, former CFO of ~$2B bank) appointed CFO effective Dec 1; base salary $150,000/year with severance provisions.
- Sharff receives $100K lump sum for release and continued employment; plus $20K salary for Jan-Feb 2026; plus two $25K consulting payments.
- Sharff forfeits unvested equity as of Feb 20, 2026; COBRA reimbursement for 12 months.
- McCrary's employment agreement includes 1-year initial term with renewal; severance up to 2x salary/bonus upon change-in-control termination.