secwatch.observer — SEC 8-K summary
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Issuer:     Sound Financial Bancorp, Inc. (SFBC)
CIK:        0001541119
Form:       8-K
Filed at:   2022-07-14T23:59:59+00:00
Accession:  0001437749-22-017087
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sound Financial Bancorp amends CEO supplemental retirement plan; projected annual benefit rises to $96,390
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- CEO Laura Lee Stewart's SERP amended; projected annual retirement benefit increased to $96,390 from $78,030.
- Benefit now linked to annuity (American Valor 10 Fixed-Index Annuity) instead of fixed amount; will likely increase further until separation.
- Death benefit prior to retirement commencement is a lump sum of approx. $1.1 million (as of Dec 31, 2021).
- Stewart has reached normal retirement age (65) and is fully vested; prior early retirement/change-in-control provisions eliminated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1541119/000143774922017087/0001437749-22-017087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1541119/000143774922017087/sfbc20220713_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-017087

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