---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-21-009273"
form_type: "8-K"
ticker: "PEBK"
cik: "0001093672"
company_name: "PEOPLES BANCORP OF NORTH CAROLINA INC"
filed_at: "2021-08-20T23:59:59+00:00"
generated_at: "2026-06-29T08:34:13.726691+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Peoples Bancorp enters employment agreement with CFO Hooper

## Summary
- 36-month initial term, effective August 19, 2021; auto-renewal annually unless notice given.
- Base salary of at least $189,625 per year; eligible for incentive, retirement, and welfare plans.
- Severance: if terminated without cause or for good reason, lump sum of base salary for remaining term plus pro-rata bonus.
- Agreement includes non-compete and non-solicitation covenants following termination.
- Termination for cause, death, or disability triggers Accrued Obligations only.

## SEC filing metadata
- accession: 0001654954-21-009273
- form_type: 8-K
- ticker: PEBK
- cik: 0001093672
- company_name: PEOPLES BANCORP OF NORTH CAROLINA INC
- filed_at: 2021-08-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1093672/000165495421009273/0001654954-21-009273-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093672/000165495421009273/pebk_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-21-009273
- JSON: https://secwatch.observer/filing/0001654954-21-009273.json
- Plain text: https://secwatch.observer/filing/0001654954-21-009273.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.