{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-165190","form_type":"8-K","ticker":"NWFL","cik":"0001013272","company_name":"NORWOOD FINANCIAL CORP","filed_at":"2024-06-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.876620+00:00","generated_at":"2026-06-01T02:41:09.189572+00:00","sec_items":["5.02","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Norwood Financial adopts deferred compensation plans for executives and directors","bullets":["Executive Elective Deferral Plan allows eligible management to defer salary & bonus; interest = WSJ prime + 200 bps (max 9%, min 2%).","Director Deferred Fee Plan permits non-employee directors to defer cash fees; same interest rate structure.","Both plans are unfunded, unsecured liabilities; conform to IRC Section 409A.","Deferral elections for 2024 must be made within 30 days of eligibility; future years by prior year-end.","Interest retroactively drops to 2% if participant violates non-compete/non-solicitation provisions."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-165190","json":"https://secwatch.observer/filing/0001193125-24-165190.json","markdown":"https://secwatch.observer/filing/0001193125-24-165190.md","text":"https://secwatch.observer/filing/0001193125-24-165190.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1013272/000119312524165190/0001193125-24-165190-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1013272/000119312524165190/d713937d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T02:41:09.189572+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}