other material
confidence high
sentiment neutral
materiality 0.30
River Financial approves change-in-control protections and supplemental retirement for CFO Jason Davis
River Financial Corp
- CFO Jason Davis receives change-in-control agreement: 1.5x base amount severance plus 1.5x group benefit premiums upon qualifying termination.
- Supplemental executive retirement agreement provides $50,000 annual benefit for 15 years starting at normal retirement age 68.
- Both agreements effective January 1, 2022; board approved November 15, 2021.
- Change-in-control agreement automatically renews for 24 months following a change in control event.