secwatch.observer — SEC 8-K summary
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Issuer:     BYLINE BANCORP, INC. (BY)
CIK:        0001702750
Form:       8-K
Filed at:   2023-04-11T23:59:59+00:00
Accession:  0000950170-23-012452
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Byline Bancorp enters employment agreement with CFO Thomas Bell - base $415k
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- Annual base salary of $415,000; target cash bonus of 45% of base salary.
- Annual long-term incentive target set at 65% of base salary under 2017 Plan.
- Severance: 1x base salary plus COBRA for 12 months for non-CIC termination.
- Severance on Change in Control: 2x base salary plus average of prior 2 years' bonuses, lump sum.
- Employment agreement term of 3 years with automatic one-year extensions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702750/000095017023012452/0000950170-23-012452-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702750/000095017023012452/by-20230405.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-012452

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