secwatch.observer — SEC 8-K summary
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Issuer:     Primis Financial Corp. (FRST)
CIK:        0001325670
Form:       8-K
Filed at:   2022-12-19T23:59:59+00:00
Accession:  0000950170-22-026718
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Primis Financial amends CEO employment: salary to $642,735, $5M life insurance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325670/000095017022026718/0000950170-22-026718-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325670/000095017022026718/frst-20221215.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-026718

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