secwatch.observer — SEC 8-K summary
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Issuer:     First Western Financial Inc (MYFW)
CIK:        0001327607
Form:       8-K
Filed at:   2023-06-27T23:59:59+00:00
Accession:  0001327607-23-000097
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327607/000132760723000097/0001327607-23-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327607/000132760723000097/myfw-20230622.htm
  HTML page:      https://secwatch.observer/filing/0001327607-23-000097

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