---
schema_version: "secwatch.filing_event.v1"
accession: "0001327607-23-000097"
form_type: "8-K"
ticker: "MYFW"
cik: "0001327607"
company_name: "First Western Financial Inc"
filed_at: "2023-06-27T23:59:59+00:00"
generated_at: "2026-06-13T16:04:36.268193+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# First Western Financial enters employment agreement with CBO Cassell; $300k base salary

## Summary
- Employment agreement effective June 22, 2023 with Chief Banking Officer Matthew C. Cassell; base salary $300,000.48.
- Initial term expires Dec 31, 2023, auto-renews for one-year periods unless 90-day notice given.
- Severance: one year's salary plus COBRA for termination without cause or resignation for good reason (non-change-in-control).
- Upon qualified change-in-control termination within 24 months: two years' salary, full equity vesting, COBRA benefits.
- Non-competition and non-solicitation restrictions apply for 365 days following termination of employment.

## SEC filing metadata
- accession: 0001327607-23-000097
- form_type: 8-K
- ticker: MYFW
- cik: 0001327607
- company_name: First Western Financial Inc
- filed_at: 2023-06-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327607/000132760723000097/0001327607-23-000097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327607/000132760723000097/myfw-20230622.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001327607-23-000097
- JSON: https://secwatch.observer/filing/0001327607-23-000097.json
- Plain text: https://secwatch.observer/filing/0001327607-23-000097.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.