{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-027865","form_type":"8-K","ticker":"FCBC","cik":"0000859070","company_name":"FIRST COMMUNITY BANKSHARES INC /VA/","filed_at":"2024-08-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.060301+00:00","generated_at":"2026-05-31T07:32:16.234383+00:00","sec_items":["5.02","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"FCBC enters new employment agreements with CEO, President, CFO, COO, and CAO for three-year terms","bullets":["Five named executive officers including CEO William P. Stafford, II and CFO David D. Brown signed new employment agreements effective Jan 1, 2024.","Initial three-year terms ending Dec 31, 2027, with automatic annual renewal extending the term by another three years.","Severance: 18 months base salary and benefits if terminated without cause (or for good reason) outside a change of control.","Change of control severance: 36 months of base salary and benefits, subject to golden parachute excise tax reduction.","Post-termination non-compete, non-solicitation, and confidentiality covenants apply during employment and for restricted periods."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-027865","json":"https://secwatch.observer/filing/0001437749-24-027865.json","markdown":"https://secwatch.observer/filing/0001437749-24-027865.md","text":"https://secwatch.observer/filing/0001437749-24-027865.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/859070/000143774924027865/0001437749-24-027865-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/859070/000143774924027865/fcbc20240827c_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T07:32:16.234383+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}