{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-166385","form_type":"8-K","ticker":"NWFL","cik":"0001013272","company_name":"NORWOOD FINANCIAL CORP","filed_at":"2024-06-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.876899+00:00","generated_at":"2026-06-01T02:22:10.880473+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Norwood Financial names John McCaffery as CFO; outgoing CFO Lance to retire Aug 2","bullets":["John McCaffery appointed EVP and CFO effective June 24, 2024; 30 yrs finance experience, former CFO at Newtek Bank and Bridge Bancorp.","William Lance steps down as CFO, becomes EVP & Chief Strategic Officer until retirement on August 2, 2024.","Employment agreement: $340k base salary, $600/mo car allowance, sign-on equity award $25k in stock vesting over 5 years.","Severance: one-year base salary for involuntary termination without cause; 200% base plus pro-rata bonus upon change-in-control termination."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-166385","json":"https://secwatch.observer/filing/0001193125-24-166385.json","markdown":"https://secwatch.observer/filing/0001193125-24-166385.md","text":"https://secwatch.observer/filing/0001193125-24-166385.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1013272/000119312524166385/0001193125-24-166385-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1013272/000119312524166385/d807620d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T02:22:10.880473+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":[{"claim_id":"d17040fe05","claim":"William S. Lance was appointed as Executive Vice President and Chief Strategic Officer at NORWOOD FINANCIAL CORP.","evidence_excerpt":"William S. Lance, previously Executive Vice President and Chief Financial Officer, resigned his position as Chief Financial Officer and has been appointed Executive Vice President and Chief Strategic Officer until his retirement on August 2, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1013272/000119312524166385/0001193125-24-166385-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned as CFO and appointed EVP & Chief Strategic Officer"},{"label":"Role","value":"Executive Vice President and Chief Strategic Officer"}],"fact_type":"executive_change"},{"claim_id":"e583a63e00","claim":"John M. McCaffery was appointed as Executive Vice President and Chief Financial Officer at NORWOOD FINANCIAL CORP.","evidence_excerpt":"the Board of Directors had appointed John M. McCaffery as Executive Vice President and Chief Financial Officer of the Company, and its wholly owned subsidiary, Wayne Bank (the “Bank”), effective as of June 24, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1013272/000119312524166385/0001193125-24-166385-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Vice President and Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}