secwatch.observer — SEC 8-K summary
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Issuer:     MUNCY COLUMBIA FINANCIAL Corp (CCFN)
CIK:        0000731122
Form:       8-K
Filed at:   2024-12-12T23:59:59+00:00
Accession:  0001999371-24-015360
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Diehl's employment amended: part-time option removed, SERP benefits extended to age 65 with increases
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- Part-time provision (reduced days/salary) eliminated from CEO Lance Diehl's employment agreement; he remains full-time.
- SERP payment start age changed from 60 to 65; annual benefit grows 3.5%/yr to max $106,892 at age 65.
- SERP death benefit increased to $940,638-$1,179,643 depending on age; change-in-control benefit restricted to before age 60.
- CEO Diehl and Exec Chairman Robert Glunk base salary raised 4% to $405,600 effective Jan 1, 2025, plus $100K cash bonuses for 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731122/000199937124015360/0001999371-24-015360-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731122/000199937124015360/ccfn-8k_121024.htm
  HTML page:      https://secwatch.observer/filing/0001999371-24-015360

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