---
schema_version: "secwatch.filing_event.v1"
accession: "0001070680-24-000022"
form_type: "8-K"
ticker: "CFBK"
cik: "0001070680"
company_name: "CF BANKSHARES INC."
filed_at: "2024-06-12T23:59:59+00:00"
generated_at: "2026-06-01T04:46:31.273719+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# CF Bankshares amends CEO O'Dell and President Ringwald change-of-control severance terms

## Summary
- CEO O'Dell change-of-control payout revised to 2x (base salary + avg of last 2 years' cash bonuses and equity at grant FMV).
- President Ringwald change-of-control multiplier increased to 1.5x (base salary + avg annual bonus over prior 24 months).
- O'Dell's 2024 bonus opportunity unchanged at 125% of base salary.
- Amendments also specify bonus determination process and timing by Compensation Committee.
- Both amendments effective June 6, 2024.

## SEC filing metadata
- accession: 0001070680-24-000022
- form_type: 8-K
- ticker: CFBK
- cik: 0001070680
- company_name: CF BANKSHARES INC.
- filed_at: 2024-06-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070680/000107068024000022/0001070680-24-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070680/000107068024000022/cfbk-20240606x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001070680-24-000022
- JSON: https://secwatch.observer/filing/0001070680-24-000022.json
- Plain text: https://secwatch.observer/filing/0001070680-24-000022.txt

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