secwatch.observer — SEC 8-K summary
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Issuer:     Skyline Bankshares, Inc. (SLBK)
CIK:        0001657642
Form:       8-K
Filed at:   2022-04-06T23:59:59+00:00
Accession:  0001437749-22-008418
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parkway Acquisition Corp. adopts SERPs providing $88K-$84K-$60K annual benefits to four officers
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- CEO Blake Edwards receives $88,000/yr lifetime benefit, vesting fully by June 11, 2028.
- CFO Lori Vaught receives $84,000/yr normal retirement benefit payable after age 65.
- Chief Risk Officer Beth Worrell and Regional President Jonathan Kruckow each get $60,000/yr.
- All plans provide full vesting upon Change in Control; benefits terminate for Cause.
- Death benefits pay 180 monthly installments to designated beneficiaries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657642/000143774922008418/0001437749-22-008418-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657642/000143774922008418/pkkw20220406_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-008418

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