---
schema_version: "secwatch.filing_event.v1"
accession: "0001070680-23-000002"
form_type: "8-K"
ticker: "CFBK"
cik: "0001070680"
company_name: "CF BANKSHARES INC."
filed_at: "2023-01-05T23:59:59+00:00"
generated_at: "2026-06-20T19:17:23.828301+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# CF Bankshares enters deferred cash incentive agreement with CEO Tim O'Dell; 2022 target award $95,000

## Summary
- DCI Agreement defers up to 20% of CEO's base salary as annual incentive; 2022 target $95,000.
- 2022 performance criteria: ROA, Net Interest Margin, Total Loan Growth, Total Core Deposit Growth.
- Deferral account vests over 4 years; payout at Normal Annual Distribution Date or upon attaining age 75.
- Early termination, disability, death, or change in control triggers accelerated lump-sum payment.
- Claw-back provision allows CFBank to reduce or recover benefits for safety-and-soundness concerns.

## SEC filing metadata
- accession: 0001070680-23-000002
- form_type: 8-K
- ticker: CFBK
- cik: 0001070680
- company_name: CF BANKSHARES INC.
- filed_at: 2023-01-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070680/000107068023000002/0001070680-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070680/000107068023000002/cfbk-20221229x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001070680-23-000002
- JSON: https://secwatch.observer/filing/0001070680-23-000002.json
- Plain text: https://secwatch.observer/filing/0001070680-23-000002.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.