secwatch.observer — SEC 8-K summary
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Issuer:     VWF Bancorp, Inc. (VWFB)
CIK:        0001913838
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0001558370-23-011597
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.02, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1913838/000155837023011597/0001558370-23-011597-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1913838/000155837023011597/vwfb-20230629x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-011597

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