CB Financial Services renews CEO Montgomery and EVP Sharp employment agreements

CB Financial Services, Inc.

New employment agreements effective May 1, 2026; initial term ends April 30, 2029, with annual renewal.
Montgomery base salary $495,000; Sharp base salary $294,500. Montgomery gets 20% bonus and 20% equity grants.
On change in control, executives receive 3x base salary plus average bonus, and up to 24 months COBRA.
Split-dollar life insurance for Montgomery: $500,000 death benefit less value of 2020 equity awards, until Oct 1, 2030.
Non-compete and non-solicitation apply 1 year after termination; not after change in control.

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