secwatch.observer — SEC 8-K summary
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Issuer:     First Western Financial Inc (MYFW)
CIK:        0001327607
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001327607-24-000036
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CFO David Weber enters new employment agreement with $275K base salary
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- Base salary of $275,000, reviewed annually; term expires Dec 31, 2024 with auto-renewal.
- Severance: 90% of base salary plus accelerated equity vesting upon qualifying termination after Change in Control.
- Non-competition and non-solicitation restrictions for 365 days post-termination.
- Eligible for annual bonus under Senior Executive Officer Incentive Plan and long-term incentives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327607/000132760724000036/0001327607-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327607/000132760724000036/myfw-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001327607-24-000036

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