secwatch.observer — SEC 8-K summary
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Issuer:     CIVISTA BANCSHARES, INC. (CIVB)
CIK:        0000944745
Form:       8-K
Filed at:   2025-06-06T23:59:59+00:00
Accession:  0000950170-25-083241
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Civista amends SERP: Parcher's benefit to $191,764/yr, adds Whinnem at $146,133/yr
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- Charles Parcher's age-65 SERP benefit increased from $150,572 to $191,764 following his January 2025 promotion.
- Ian Whinnem (CFO) added as SERP participant with a $146,133 annual age-65 benefit; 10-year graded vesting.
- Parcher's split-dollar life death benefit raised to $1,509,543 from $1,145,186.
- Other exec split-dollar death benefits: Shaffer $2,271,386; Dutton $1,276,205; Morrison $865,537.
- All amendments effective June 6, 2025; compensation committee approved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944745/000095017025083241/0000950170-25-083241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944745/000095017025083241/civb-20250606.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-083241

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