secwatch.observer — SEC 8-K summary
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Issuer:     ECB Bancorp, Inc. /MD/ (ECBK)
CIK:        0001914605
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0000950170-25-026745
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ECB Bancorp adopts deferred compensation plan for CFO Brandon Lavertu
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- Plan provides annual contributions up to 10% of base salary and cash bonus based on prior-year performance.
- Vesting schedule: 0% for first 4 years, then graded 20% per year to 100% at 8 years.
- Full vesting on death, disability, or change in control of Company or Bank.
- Benefits paid over 10 years after normal retirement age (65); lump sum upon death or within 6 months after change in control.
- Plan is unfunded and unsecured; liability solely from general assets of Bank.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1914605/000095017025026745/0000950170-25-026745-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1914605/000095017025026745/ecbk-20250219.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-026745

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