other material
confidence high
sentiment neutral
materiality 0.30
Primis Financial amends CEO employment: salary to $642,735, $5M life insurance
Primis Financial Corp.
- Base salary raised to $642,735 under amended agreement with CEO Dennis J. Zember, Jr.
- Company to provide $5,000,000 life insurance; 50% of proceeds to company, 50% to beneficiary.
- Performance-based equity awards deemed earned upon qualifying termination after change in control.
- Amended and Restated Agreement effective December 20, 2022; substantially similar to prior agreement.