secwatch.observer — SEC 8-K summary
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Issuer:     WILSON BANK HOLDING CO (WBHC)
CIK:        0000885275
Form:       8-K
Filed at:   2025-06-26T23:59:59+00:00
Accession:  0000950170-25-090272
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wilson Bank Holding adopts SERP for CFO Hawkins, amends existing executive SERPs
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- New SERP for CFO Kayla Hawkins provides lifetime retirement benefits at age 65 or age 60 with 30 years service; disability benefit 60% of base salary plus bonus.
- Hawkins also receives split-dollar life insurance; Bank owns policy, beneficiary gets death benefit net of cash value.
- Amendments to SERPs for CEO McDearman, President Foster, COO Oakley, and EVP Walker add early retirement at age 60 with 30 years continuous service.
- All SERPs condition benefits on non-compete: no banking services in Bank's counties until age 80 or payment end; change-of-control triggers full vesting.
- New and amended SERPs are unfunded nonqualified plans intended to comply with Section 409A.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885275/000095017025090272/0000950170-25-090272-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885275/000095017025090272/ck0000885275-20250623.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-090272

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