secwatch.observer — SEC 8-K summary
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Issuer:     Third Coast Bancshares, Inc. (TCBX)
CIK:        0001781730
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0000950170-24-032187
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Third Coast Bancshares increases CFO McWhorter's change-of-control severance multiple to 2.5x
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- CFO R. John McWhorter's change-of-control severance multiple raised to 2.5x from 2x, effective March 15, 2024.
- Severance triggered by termination without cause or resignation for good reason within 6 months before or 12 months after change of control.
- Amendment modifies Section 5.4(a)(i) of the June 23, 2020 Employment Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781730/000095017024032187/0000950170-24-032187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781730/000095017024032187/tcbx-20240315.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-032187

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