secwatch.observer — SEC 8-K summary
======================================

Issuer:     CF BANKSHARES INC. (CFBK)
CIK:        0001070680
Form:       8-K
Filed at:   2023-01-05T23:59:59+00:00
Accession:  0001070680-23-000002
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070680/000107068023000002/0001070680-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070680/000107068023000002/cfbk-20221229x8k.htm
  HTML page:      https://secwatch.observer/filing/0001070680-23-000002

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