home · filing · 0001999371-25-001553
8-K filed February 12, 2025, 6:59 PM ET
ticker CCFN
CIK 0000731122
leadership
confidence high
sentiment neutral
materiality 0.65
Executive Chairman Robert J. Glunk to depart active employment Feb 28; receives $650K lump sum, enhanced SERP benefit
MUNCY COLUMBIA FINANCIAL Corp
Glunk's last active day is Feb 28, 2025; he will remain Board Chairman with $75K annual stipend.
Lump sum severance of $650,000 payable within 15 days of termination; full SERP benefit of $150K/year for 15 years.
Split-dollar life insurance benefit capped at $900K; non-compete extended to 36 months and 100-mile radius with clawback.
Company transfers 2023 Jeep Gladiator and provides continued health/life benefits through age 65.
Separation Agreement includes standard release of claims and extended restrictive covenants.
Executive movements
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Effective 2025-02-28
Filed February 12, 2025, 6:59 PM ET
Mr. Glunk’s employment agreement will be terminated and his last day of active employment with the Company and the Bank will be February 28, 2025
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Robert J. Glunk was terminated as Executive Chairman at MUNCY COLUMBIA FINANCIAL Corp.
Action terminated
Role Executive Chairman
Exact text from the filing
Mr. Glunk’s employment agreement will be terminated and his last day of active employment with the Company and the Bank will be February 28, 2025
View on SEC.gov
Source: SEC EDGAR
accession 0001999371-25-001553
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