secwatch.observer — SEC 8-K summary
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Issuer:     Affinity Bancshares, Inc. (AFBI)
CIK:        0001823406
Form:       8-K
Filed at:   2026-03-31T23:59:59+00:00
Accession:  0001193125-26-134773
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Affinity Bancshares to be acquired by Fidelity BancShares for $23.00 per share in cash
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- Merger consideration: $23.00 per share in cash; adjusted for equity change post-Feb 28, 2026.
- Expected close Q3 2026, subject to regulatory and stockholder approvals.
- Termination fee: $5.5 million payable by Affinity under certain circumstances.
- CEO Cooney to receive $1.65M; EVP Nelson $1.20M; EVP Galazka $0.71M in settlement agreements upon merger close.
- Executives subject to 24-month non-solicit; Cooney and Galazka also non-compete for 24 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823406/000119312526134773/0001193125-26-134773-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823406/000119312526134773/d138375d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-134773

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