VWF Bancorp enters employment agreements with CEO Schumm, Exec Chairman Clay, and CFO Moody

VWF Bancorp, Inc.

Mark Schumm (President/CEO) receives initial base salary $201,250, reset to $173,250 on Jan 1, 2023.
Gary Clay (Executive Chairman) receives base salary $80,000 plus company car and club membership.
Kylee Moody (CFO) enters change-in-control agreement with 2x salary+bonus severance.
All agreements have initial 2-year term with automatic annual renewal subject to board evaluation.
Severance includes lump-sum payments, COBRA reimbursement, and one-year non-compete restrictions.

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