secwatch.observer — SEC 8-K summary
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Issuer:     John Marshall Bancorp, Inc. (JMSB)
CIK:        0001710482
Form:       8-K
Filed at:   2022-08-26T23:59:59+00:00
Accession:  0001558370-22-014020
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

John Marshall Bancorp enters amended employment agreement with CFO Kent Carstater
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- Base salary of $335,000 with potential increases; eligible for annual bonuses and equity awards at board's discretion.
- On termination without cause or for good reason, receives 12 months base salary and COBRA premium payments for 2 years.
- Change-of-control termination: lump sum of 2.5x (base salary + average of highest 3 years' annual bonuses) plus COBRA for 2 years.
- Post-employment non-compete for 12 months within 25 miles of Bank headquarters; non-solicit of customers and employees.
- Incentive compensation subject to clawback under law or company policy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1710482/000155837022014020/0001558370-22-014020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1710482/000155837022014020/jmsb-20220822x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-014020

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