secwatch.observer — SEC 8-K summary
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Issuer:     NORWOOD FINANCIAL CORP (NWFL)
CIK:        0001013272
Form:       8-K
Filed at:   2022-07-05T23:59:59+00:00
Accession:  0001193125-22-187738
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chairman Critelli retires as employee; signs consulting deal through Dec 2022 with $20K/mo retainer
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- Consulting agreement effective July 1 to Dec 31, 2022; extends $1,500/mo stipend through restricted period.
- Monthly retainer of $20,000 plus $1,500 for insurance and technology costs.
- Non-compete covers PA (Lackawanna, Luzerne, Monroe, Pike, Wayne) and NY (Delaware, Sullivan, Ontario, Otsego, Yates) counties.
- Critelli continues as director and receives director compensation and retirement benefits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013272/000119312522187738/0001193125-22-187738-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013272/000119312522187738/d368337d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-187738

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