---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-011597"
form_type: "8-K"
ticker: "VWFB"
cik: "0001913838"
company_name: "VWF Bancorp, Inc."
filed_at: "2023-06-29T23:59:59+00:00"
generated_at: "2026-06-13T15:07:44.830596+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# VWF Bancorp terminates Chief Risk Officer without cause; severance $214K

## Summary
- Mark K. Schumm's employment terminated as Chief Risk Officer effective June 30, 2023.
- Employment agreement dated July 13, 2022 terminated without cause.
- Severance payment of $214,296.83 includes unpaid salary, expenses, PTO, and bonuses.
- COBRA premium reimbursements for up to 18 months if elected.

## SEC filing metadata
- accession: 0001558370-23-011597
- form_type: 8-K
- ticker: VWFB
- cik: 0001913838
- company_name: VWF Bancorp, Inc.
- filed_at: 2023-06-29T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.02, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1913838/000155837023011597/0001558370-23-011597-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1913838/000155837023011597/vwfb-20230629x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-011597
- JSON: https://secwatch.observer/filing/0001558370-23-011597.json
- Plain text: https://secwatch.observer/filing/0001558370-23-011597.txt

## Key facts
- Executive change
  Mark K. Schumm was terminated as Chief Risk Officer at VWF Bancorp, Inc..
  - Action: terminated
  - Role: Chief Risk Officer
  source text: On June 23, 2023, VWF Bancorp, Inc. (the “Company”), the holding company for Van Wert Federal Savings Bank (the “Bank”), and the Bank terminated the employment of Mark K. Schumm, Chief Risk Officer of the Bank, effective June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1913838/000155837023011597/0001558370-23-011597-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.