---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-016902"
form_type: "8-K"
ticker: "CFBK"
cik: "0001070680"
company_name: "CF BANKSHARES INC."
filed_at: "2023-01-27T23:59:59+00:00"
generated_at: "2026-06-20T07:02:34.469090+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# CF Bankshares enters employment agreements with President Ringwald and CFO Beerman

## Summary
- President Ringwald receives base salary of $325,000; CFO Beerman receives $215,000.
- 2023 bonus opportunity: 65% of base for Ringwald, 50% for Beerman, based on performance goals.
- Initial term through Dec 31, 2024, with annual renewal reviews by the Board.
- Severance for termination without cause or for good reason: 12 months salary continuation plus pro-rata bonus.
- Change of control severance: lump sum of 1x base salary plus average bonus over prior 24 months.

## SEC filing metadata
- accession: 0001193125-23-016902
- form_type: 8-K
- ticker: CFBK
- cik: 0001070680
- company_name: CF BANKSHARES INC.
- filed_at: 2023-01-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070680/000119312523016902/0001193125-23-016902-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070680/000119312523016902/d457923d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-016902
- JSON: https://secwatch.observer/filing/0001193125-23-016902.json
- Plain text: https://secwatch.observer/filing/0001193125-23-016902.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.