secwatch.observer — SEC 8-K summary
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Issuer:     MUNCY COLUMBIA FINANCIAL Corp (CCFN)
CIK:        0000731122
Form:       8-K
Filed at:   2025-02-12T23:59:59+00:00
Accession:  0001999371-25-001553
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Executive Chairman Robert J. Glunk to depart active employment Feb 28; receives $650K lump sum, enhanced SERP benefit
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731122/000199937125001553/0001999371-25-001553-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731122/000199937125001553/ccfn-8k_021225.htm
  HTML page:      https://secwatch.observer/filing/0001999371-25-001553

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