secwatch.observer — SEC 8-K summary
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Issuer:     PARKE BANCORP, INC. (PKBK)
CIK:        0001315399
Form:       8-K
Filed at:   2023-11-30T23:59:59+00:00
Accession:  0001315399-23-000081
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Parke Bancorp appoints Jonathan D. Hill as CFO, to implement change-in-control severance
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- Hill, 44, named Senior VP and CFO effective Nov 29, 2023; over 20 years experience.
- Earlier roles: Republic Bank Interim CFO, M&T Bank SVP Finance, Glenmede VP.
- After 90 days, company intends change-in-control severance agreement with Hill.
- Severance: 1.5x avg salary & cash incentive over 3 years; 18 months insurance premium.
- One-year non-compete and non-solicitation after change-in-control termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1315399/000131539923000081/0001315399-23-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1315399/000131539923000081/pkbk-20231129.htm
  HTML page:      https://secwatch.observer/filing/0001315399-23-000081

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