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8-K filings in December 2023, explained

19 material Form 8-K filings that 19 companies we cover made with the SEC in December 2023, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).

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OFGOFG BANCORP Dec 22, 4:07 PM ET

OFG Bancorp signs three-year employment agreement with CEO José Rafael Fernández

Neutral leadership Written later 5.02

OFG Bancorp entered into a new three-year employment agreement with CEO and Vice Chairperson José Rafael Fernández, effective January 1, 2024, through December 31, 2026, replacing his July 2021 agreement. The filing sets his base salary at $981,750 and grants him a special long-term incentive award tied to the December 20, 2023 closing stock price, which matters to shareholders because it defines executive pay and severance obligations.

Base salary of $981,750, with a target bonus equal to 100% of base salary
Special long-term award of 40,442.17 restricted stock units and 40,442.17 performance stock units
Severance on termination without just cause or for good reason: three times the sum of base salary and average cash bonus over the last two fiscal years, paid as a lump sum

Read the filing on SEC.gov ↗

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.

Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.