secwatch.observer — SEC 8-K summary
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Issuer:     FVCBankcorp, Inc. (FVCB)
CIK:        0001675644
Form:       8-K
Filed at:   2022-06-07T23:59:59+00:00
Accession:  0001104659-22-069018
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FVCBankcorp enters SERP agreements with four executives; CEO to receive $150k/yr for 10 years
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- SERP agreements on June 7, 2022 for CEO Pijor ($150k/yr), Pres. Ferrick ($125k/yr), CFO Deacon & CLO Byers ($65k/yr each).
- Benefits payable monthly over 10 years post-retirement (age 77 for Pijor, 67 for others) or certain terminations.
- Pijor & Ferrick fully vested; Deacon & Byers vest pro-rata over 5 years with continued employment.
- Change-in-control triggers lump-sum payment; Deacon minimum $300k, Byers $350k; all funded via bank-owned life insurance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675644/000110465922069018/0001104659-22-069018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675644/000110465922069018/tm2217853d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-069018

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