secwatch.observer — SEC 8-K summary
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Issuer:     Skyline Bankshares, Inc. (SLBK)
CIK:        0001657642
Form:       8-K
Filed at:   2022-05-27T23:59:59+00:00
Accession:  0001437749-22-013774
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657642/000143774922013774/0001437749-22-013774-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657642/000143774922013774/pkkw20220526_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-013774

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