{"schema_version":"secwatch.filing_event.v1","accession":"0001315399-24-000044","form_type":"8-K","ticker":"PKBK","cik":"0001315399","company_name":"PARKE BANCORP, INC.","filed_at":"2024-05-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.802356+00:00","generated_at":"2026-06-01T09:05:07.164280+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Parke Bancorp enters new severance agreement with COO Ralph Gallo providing 2.5x multiplier upon change in control","bullets":["Agreement with Ralph Gallo, EVP & COO, effective retroactively April 23, 2024.","Lump-sum severance equal to 2.5x average of last 3 years salary and cash incentive/bonus upon qualifying termination after change in control.","Includes 18 months of medical, dental, and life insurance premium reimbursement.","Subject to non-compete and non-solicitation for 1 year post-termination."],"urls":{"canonical":"https://secwatch.observer/filing/0001315399-24-000044","json":"https://secwatch.observer/filing/0001315399-24-000044.json","markdown":"https://secwatch.observer/filing/0001315399-24-000044.md","text":"https://secwatch.observer/filing/0001315399-24-000044.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1315399/000131539924000044/0001315399-24-000044-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1315399/000131539924000044/pkbk-20240521.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T09:05:07.164280+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"}