secwatch.observer — SEC 8-K summary
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Issuer:     ConnectOne Bancorp, Inc. (CNOB)
CIK:        0000712771
Form:       8-K
Filed at:   2023-10-17T23:59:59+00:00
Accession:  0001437749-23-028400
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ConnectOne enters amended employment agreement with Bank President Elizabeth Magennis
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- Base salary set at $525,000 per year; eligible for executive incentive plans.
- Severance of 2.5x base salary plus target bonus for termination without cause or for good reason.
- On change-in-control termination (within 2 years), severance of 3x base salary plus target bonus.
- Initial term of 3 years with automatic 1-year renewal; non-compete for 1 year post-employment.
- Cash auto allowance of $750/month; continued health benefits for up to 18 months on severance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712771/000143774923028400/0001437749-23-028400-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712771/000143774923028400/cnob20231017_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-028400

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