secwatch.observer — SEC 8-K summary
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Issuer:     EAGLE BANCORP INC (EGBN)
CIK:        0001050441
Form:       8-K/A
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001050441-23-000123
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eagle Bancorp confirms EVP Marquez terminated without cause effective July 31; position eliminated
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- Antonio F. Marquez, Senior EVP and President of Commercial Banking, terminated without cause effective July 31, 2023 due to position elimination.
- No successor will be named for Marquez's role; severance includes 1x base salary and most recent cash bonus plus 12 months healthcare.
- Compensation Committee determined Marquez's supplemental executive retirement plan (SERP) benefits will not be reduced despite cessation before age 67.
- Severance conditioned on signing a release of claims and compliance with restrictive covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050441/000105044123000123/0001050441-23-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050441/000105044123000123/gnw-20230731.htm
  HTML page:      https://secwatch.observer/filing/0001050441-23-000123

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