secwatch.observer — SEC 8-K summary
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Issuer:     CF BANKSHARES INC. (CFBK)
CIK:        0001070680
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0001193125-23-016902
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CF Bankshares enters employment agreements with President Ringwald and CFO Beerman
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070680/000119312523016902/0001193125-23-016902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070680/000119312523016902/d457923d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-016902

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