secwatch.observer — SEC 8-K summary
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Issuer:     Sound Financial Bancorp, Inc. (SFBC)
CIK:        0001541119
Form:       8-K
Filed at:   2021-08-31T23:59:59+00:00
Accession:  0001541119-21-000031
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sound Financial Bancorp enters change of control agreement with EVP/CFO Wes Ochs
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- Agreement provides a lump sum payment of 2x annual base salary upon involuntary termination within 12 months of a change in control.
- Benefits continuation (health, insurance, retirement) for up to 18 months post-termination at no cost to executive.
- Payments subject to cut-back under Section 280G to avoid excess parachute penalties.
- Agreement effective August 25, 2021, cancellable by either party with 12 months prior written notice.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1541119/000154111921000031/0001541119-21-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1541119/000154111921000031/sfbc-20210825.htm
  HTML page:      https://secwatch.observer/filing/0001541119-21-000031

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