secwatch.observer — SEC 8-K summary
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Issuer:     UNITED COMMUNITY BANKS INC (UCB)
CIK:        0000857855
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001104659-23-022002
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UCBI adopts change-in-control agreements for five execs; new CEO employment agreement with Harton
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- H. Lynn Harton (CEO) new employment agreement: $1.05M base salary, target cash incentive >=100% of base, LTI >=200% of base.
- Board adopts change-in-control agreements for Harton (3x severance multiple) and four other execs (2x severance multiple).
- Agreements effective Feb 14, 2023; double-trigger payments upon qualifying termination after a change in control.
- Prior change-in-control agreements terminated on November 1, 2022.
- Harton's employment agreement has a three-year term with automatic renewal; superseded by CIC agreement upon a change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857855/000110465923022002/0001104659-23-022002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857855/000110465923022002/tm236836d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-022002

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