secwatch.observer — SEC 8-K summary
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Issuer:     MUNCY COLUMBIA FINANCIAL Corp (CCFN)
CIK:        0000731122
Form:       8-K
Filed at:   2025-07-09T23:59:59+00:00
Accession:  0001174947-25-000989
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Muncy Columbia amends exec retirement plans for CEO Diehl and EVP Arnold; updates death benefits, forfeiture
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- CEO Lance Diehl's SERP death benefit replaced with accrued benefit of $419,592; 50-mile non-compete forfeiture added.
- EVP Jeffrey Arnold's SERP updated; accrued benefit $582,355; retirement benefit $90,000/yr for 15 years.
- Both execs entered 2019 Split Dollar Plan; death benefit up to 350% of base salary, capped at $900,000.
- Forfeiture clauses revised; non-compete applies during employment and benefit period, waived after change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731122/000117494725000989/0001174947-25-000989-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731122/000117494725000989/ea0248421-8k_muncy.htm
  HTML page:      https://secwatch.observer/filing/0001174947-25-000989

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer