other material
confidence high
sentiment neutral
materiality 0.45
Eagle Bancorp Montana revises change-in-control agreements for execs (excl. CEO)
Eagle Bancorp Montana, Inc.
- Board approved revised Change in Control Agreement on Sept 22, 2022 for all executive officers other than CEO.
- Revised terms include automatic two-year extension of the agreement term upon a change in control.
- Adjustments made to the definition of change in control and added requirement for release of claims to receive benefits.
- Agreement supersedes prior form of CIC agreement referenced in 2021 10-K.
- Executives covered include positions such as [JOB TITLE]; CEO Peter Johnson not covered by revised form.