---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-012142"
form_type: "8-K"
ticker: "PEBK"
cik: "0001093672"
company_name: "PEOPLES BANCORP OF NORTH CAROLINA INC"
filed_at: "2024-09-20T23:59:59+00:00"
generated_at: "2026-05-31T02:42:29.659908+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# William D. Cable, Sr. appointed President & CEO of Peoples Bancorp of North Carolina effective Sept 19, 2024

## Summary
- Base salary set at $365,000; annual incentive at Board discretion.
- SERP benefit for Cable increased to $130,000/year for 13 years, then $23,500/year for life.
- SERP benefit for CFO Jeffrey Hooper increased to $75,000/year for 13 years.
- Employment agreement has initial 36-month term with automatic extensions.

## SEC filing metadata
- accession: 0001654954-24-012142
- form_type: 8-K
- ticker: PEBK
- cik: 0001093672
- company_name: PEOPLES BANCORP OF NORTH CAROLINA INC
- filed_at: 2024-09-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1093672/000165495424012142/0001654954-24-012142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093672/000165495424012142/pebk_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-012142
- JSON: https://secwatch.observer/filing/0001654954-24-012142.json
- Plain text: https://secwatch.observer/filing/0001654954-24-012142.txt

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