Aaron M. Poffinberger appointed EVP/COO of Bank of Clarke County with $230k salary

EAGLE FINANCIAL SERVICES INC

Appointed EVP and COO of Bank of Clarke County effective Dec 1, 2022; previously EVP and CRO.
Employment agreement includes $230k base salary, eligibility for bonuses and increases.
Severance: 24 months salary plus highest bonus if terminated without cause or for good reason.
Under change of control within 1 year, 299% of base salary and bonus (subject to 280G limit).
Non-compete and non-solicitation for 12 months post-employment; confidentiality covenant.

item 5.02

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Appointed

Aaron M. Poffinberger

Executive Vice President and Chief Operating Officer

EFSI · EAGLE FINANCIAL SERVICES INC

Effective: 2022-12-01
Filed: December 5, 2022, 6:59 PM ET

On December 1, 2022, Aaron M. Poffinberger was appointed Executive Vice President and Chief Operating Officer for the Bank of Clarke County

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Aaron M. Poffinberger was appointed as Executive Vice President and Chief Operating Officer at EAGLE FINANCIAL SERVICES INC.

Action: appointed
Role: Executive Vice President and Chief Operating Officer

Exact text from the filing

On December 1, 2022, Aaron M. Poffinberger was appointed Executive Vice President and Chief Operating Officer for the Bank of Clarke County

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Source: SEC EDGAR

accession 0000950170-22-026037

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