secwatch.observer — SEC 8-K summary
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Issuer:     CB Financial Services, Inc. (CBFV)
CIK:        0001605301
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001605301-23-000006
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CB Financial Services EVP and Chief Lending Officer to retire April 2024; consulting agreement signed
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- Ralph Burchianti to retire as Senior EVP and Chief Lending Officer effective April 30, 2024; will continue as director.
- He will serve as executive consultant from May 2024 to April 2025 at $5,000/month plus discretionary bonus.
- Current employment agreement superseded; he remains as Chief Credit Officer until retirement at current salary.
- If terminated without cause before April 2025, he receives base pay through that date subject to release.
- Director William G. Petroplus retired effective Feb 16, 2023; board size reduced to eliminate vacancy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1605301/000160530123000006/0001605301-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1605301/000160530123000006/cbfv-20230216.htm
  HTML page:      https://secwatch.observer/filing/0001605301-23-000006

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