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AI brief of an SEC Form 8-K · Customers Bancorp (CUBI)

Customers Bancorp adopts supplemental retirement plan for executive Lyle Cunningham

Neutral Impact 2 of 5 leadership Written later

Customers Bancorp entered into a Supplemental Executive Retirement Plan for Lyle Cunningham on July 8, 2026, superseding a plan adopted in April 2022. The plan provides lifetime monthly benefits, including a $12,500 monthly payment after normal retirement age, which is a compensation arrangement rather than a change in executive role.

Key points

  • Plan entered July 8, 2026, for executive Lyle Cunningham, replacing his prior plan adopted April 27, 2022
  • Monthly lifetime benefit of $12,500 payable after separation from service at Normal Retirement Age
  • Includes early termination and change-in-control benefits, with forfeiture if terminated for Cause
  • Filed as Exhibit 10.1; the filing does not report any change in officer role

The filing

CompanyCustomers Bancorp (CUBI)
Form8-K, current report
Filed with the SECJul 8, 2026, 5:12 PM ET
Accession number0001488813-26-000078

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 08, 2026.

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.