secwatch.observer — SEC 8-K summary
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Issuer:     EAGLE FINANCIAL SERVICES INC (EFSI)
CIK:        0000880641
Form:       8-K
Filed at:   2022-12-05T23:59:59+00:00
Accession:  0000950170-22-026037
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880641/000095017022026037/0000950170-22-026037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880641/000095017022026037/efsi-20221201.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-026037

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