---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-013774"
form_type: "8-K"
ticker: "SLBK"
cik: "0001657642"
company_name: "Skyline Bankshares, Inc."
filed_at: "2022-05-27T23:59:59+00:00"
generated_at: "2026-06-25T06:21:27.559265+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Parkway Acquisition Corp. enters amended change-in-control agreements with three executives

## Summary
- Amended change-in-control agreements signed with EVP/CFO Lorina C. Vaught, EVP/CRBO Beth R. Worrell, and EVP/Regional Pres. Jonathan L. Kruckow.
- Severance: one times base salary for Kruckow and Vaught; two times for Worrell, if terminated w/o cause or for good reason within 12 months post-change-in-control.
- Agreement term expires Dec 31, 2023, with automatic annual renewals unless either party gives 90-day non-renewal notice.
- Restrictive covenants include 12-month non-compete and non-solicitation obligations after termination.

## SEC filing metadata
- accession: 0001437749-22-013774
- form_type: 8-K
- ticker: SLBK
- cik: 0001657642
- company_name: Skyline Bankshares, Inc.
- filed_at: 2022-05-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1657642/000143774922013774/0001437749-22-013774-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1657642/000143774922013774/pkkw20220526_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-013774
- JSON: https://secwatch.observer/filing/0001437749-22-013774.json
- Plain text: https://secwatch.observer/filing/0001437749-22-013774.txt

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