secwatch.observer — SEC 8-K summary
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Issuer:     Eagle Bancorp Montana, Inc. (EBMT)
CIK:        0001478454
Form:       8-K
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0001437749-23-016384
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EBMT enters CEO Clark new employment agreement; base salary $372K, 3x change-in-control
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- New employment agreement with CEO Laura F. Clark effective May 25, 2023; base salary $372,000; 3-year term with auto-renewal.
- Change-in-control benefit: lump sum equal to 3x salary plus prior year cash bonus; excise tax gross-up up to $500K legal fees.
- Severance on termination w/o cause or for good reason: 12 months salary plus COBRA reimbursement.
- CFO Miranda J. Spaulding entered salary continuation agreement (Oct 2022): $95,000 annual retirement benefit starting at age 65.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1478454/000143774923016384/0001437749-23-016384-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1478454/000143774923016384/ebmt20230531_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-016384

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