secwatch.observer — SEC 8-K summary
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Issuer:     CB Financial Services, Inc. (CBFV)
CIK:        0001605301
Form:       8-K
Filed at:   2026-08-25T20:05:31+00:00
Accession:  0001605301-26-000036
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CB Financial Services renews CEO Montgomery and EVP Sharp employment agreements
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1605301/000160530126000036/0001605301-26-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1605301/000160530126000036/cbfv-20260825.htm
  HTML page:      https://secwatch.observer/filing/0001605301-26-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer