QNB Corp. appoints Jeffrey Lehocky as EVP and CFO, enters change-in-control agreement

QNB CORP.

Jeffrey Lehocky named Executive Vice President and CFO effective November 1, 2022.
Lehocky previously Managing Director at Mitsubishi UFJ Finance Group and Deutsche Bank.
Change-in-control agreement provides lump-sum severance of 2x average annual compensation if terminated without cause within 3 years of a change in control.
Agreement defines change in control as 25%+ voting power, merger, or board turnover events.
Severance reduced if payments trigger excise tax under IRC Section 4999.

item 5.02 item 9.01

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Appointed

Jeffrey Lehocky

Executive Vice President and Chief Financial Officer

QNBC · QNB CORP.

Effective: 2022-11-01
Filed: November 3, 2022, 7:59 PM ET

On November 1, 2022, Jeffrey Lehocky, CPA. CIA. was named Executive Vice President and Chief Financial Officer of QNB Corp. (the “Company”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Jeffrey Lehocky was named as Executive Vice President and Chief Financial Officer at QNB CORP..

Action: named
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On November 1, 2022, Jeffrey Lehocky, CPA. CIA. was named Executive Vice President and Chief Financial Officer of QNB Corp. (the “Company”).

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QNB CORP. filing history →

Source: SEC EDGAR

accession 0001564590-22-036512

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