CF Bankshares Inc. Reports Board and Executive Changes
Ticker: CFBK · Form: 8-K · Filed: Jun 12, 2024 · CIK: 1070680
| Field | Detail |
|---|---|
| Company | Cf Bankshares INC. (CFBK) |
| Form Type | 8-K |
| Filed Date | Jun 12, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-appointments, board-changes
Related Tickers: CFBK
TL;DR
CF Bankshares Inc. shuffled its board and exec pay plans on June 6th.
AI Summary
CF Bankshares Inc. announced on June 6, 2024, a change in its board of directors and executive compensation arrangements. The filing details the departure of a director and the election of new officers, alongside updates to their compensatory plans. Specific details on the financial impact of these changes are not provided in this initial report.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy or governance, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: low — This filing primarily concerns corporate governance and executive appointments, with no immediate financial implications disclosed.
Key Players & Entities
- CF BANKSHARES INC. (company) — Registrant
- June 6, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 4960 E. Dublin Granville Road , Suite #400 , Columbus , Ohio 43081 (address) — Principal executive offices
- 614-334-7979 (phone_number) — Business phone number
FAQ
What specific changes were made to the board of directors?
The filing indicates the departure of a director and the election of new officers, but does not name the individuals involved in this section.
What are the details of the new compensatory arrangements?
The filing mentions updates to compensatory arrangements for certain officers but does not provide specific dollar amounts or terms in this initial report.
When did these changes take effect?
The earliest event reported in this filing occurred on June 6, 2024.
What is the primary purpose of this 8-K filing?
This 8-K filing is to report on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
Where is CF Bankshares Inc. headquartered?
CF Bankshares Inc.'s principal executive offices are located at 4960 E. Dublin Granville Road, Suite #400, Columbus, Ohio 43081.
Filing Stats: 1,237 words · 5 min read · ~4 pages · Grade level 10.6 · Accepted 2024-06-12 09:23:55
Filing Documents
- cfbk-20240606x8k.htm (8-K) — 102KB
- cfbk-20240606xex10_1.htm (EX-10.1) — 30KB
- cfbk-20240606xex10_2.htm (EX-10.2) — 27KB
- 0001070680-24-000022.txt ( ) — 287KB
- cfbk-20240606.xsd (EX-101.SCH) — 2KB
- cfbk-20240606_lab.xml (EX-101.LAB) — 15KB
- cfbk-20240606_pre.xml (EX-101.PRE) — 11KB
- cfbk-20240606x8k_htm.xml (XML) — 5KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (a) Not applicable (b) Not applicable (c) Not applicable (d) Exhibits Exhibit Number Description 10.1 First Amendment to Employment Agreement, dated as of June 6, 2024, by and among the Company, the Bank and Timothy T. O'Dell . 10.2 First Amendment to Employment Agreement, dated as of June 6, 2024, by and among the Company, the Bank and Bradley Ringwald . 10.3 Employment Agreement, dated as of April 22, 2019, by and among the Company, the Bank and Timothy T. O'Dell (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K dated April 26, 2019, filed with the Commission on April 26, 2019 (File No. 0-25045)). 10.4 Employment Agreement, dated as of January 23, 2023, by and among the Company, the Bank and Bradley Ringwald (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K dated January 25, 2023, filed with the Commission on January 27, 2023 (File No. 0-25045)). 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CF Bankshares Inc. Date: June 12, 2024 By: /s/ Kevin J. Beerman Kevin J. Beerman Executive Vice President and Chief Financial Officer