secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY BANCORP /VT (CMTV)
CIK:        0000718413
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001654954-23-002001
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Community Bancorp enters change-in-control agreement with EVP/COO Leslie Delhaie
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- Leslie Delhaie, EVP & COO of Community National Bank, receives change-in-control agreement dated Feb 22, 2023.
- Terms mirror those for CEO Kathryn Austin and other officers from Sept 2021 8-K.
- Benefit equals 2x highest total annual cash compensation in prior 3 years, paid lump sum.
- Agreement covers period from 120 days before to 36 months after a change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/718413/000165495423002001/0001654954-23-002001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/718413/000165495423002001/cmtv_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-002001

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