other material
confidence high
sentiment neutral
materiality 0.40
SMBC enters new/amended change-in-control severance for CFO, CCO, and CRO
SOUTHERN MISSOURI BANCORP, INC.
- CFO Stefan Chkautovich gets new severance: 1x cash comp lump sum, 12-month benefits continuation.
- CCO Mark Hecker's amended agreement increases severance to 2x cash comp (from 1.5x), benefits to 24 months (from 18).
- CRO Lance Greunke also enters amended severance agreement; terms parallel Hecker's but not fully specified.
- All agreements run to Dec 31, 2025 with auto-renewal; extended 1 year post-Change in Control.
- Payments subject to Section 280G parachute reduction and FDIC regulatory prohibition.