secwatch.observer — SEC 8-K summary
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Issuer:     Finwise Bancorp (FINW)
CIK:        0001856365
Form:       8-K
Filed at:   2022-06-22T23:59:59+00:00
Accession:  0001140361-22-023845
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FinWise Bancorp Chief Strategy Officer David Tilis departs; consulting deal valued up to $2.7M
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- David Tilis's employment agreement expired June 15, 2022; employment ended June 16, 2022.
- One-year consulting agreement: $300k/month for first six months, $150k/month for final six months (total $2.7M).
- Consultant to advise successor, maintain customer relationships, and identify potential customers.
- Non-solicitation of Bank employees for 12 months and certain customers for 18 months; mutual release included.
- Life insurance policy covering all amounts payable provided at Bank's expense.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856365/000114036122023845/0001140361-22-023845-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856365/000114036122023845/brhc10039007_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-023845

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