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AI brief of an SEC Form 8-K · MVB FINANCIAL CORP (MVBF)

MVB Financial restates four executive employment agreements dated November 5, 2026

Neutral Impact 3 of 5 leadership

MVB Financial Corp. entered into restated employment agreements dated November 5, 2026 with Craig B. Greathouse, Michael R. Sumbs, Michael L. Giorgio and Joseph R. Rodriguez. The agreements supersede prior contracts, update base salaries, and revise severance terms, including a lump-sum payment of 2.0 times salary plus target bonus after a termination without cause tied to a change in control. Rodriguez's title changed from Chief Risk Officer to EVP, Chief Legal Officer and Corporate Secretary.

Key points

  • Base salaries: $400,000 for Greathouse, $400,000 for Sumbs, $425,000 for Giorgio and $416,000 for Rodriguez.
  • Termination without cause, no change in control: 12 months of base salary, up to 12 months of COBRA premium coverage, and a pro-rated annual bonus.
  • Termination without cause tied to a change in control: lump sum of 2.0 times annualized base salary plus target annual bonus, and up to 24 months of COBRA coverage.
  • Rodriguez's title changed to EVP, Chief Legal Officer and Corporate Secretary.

The filing

CompanyMVB FINANCIAL CORP (MVBF)
Form8-K, current report
Filed with the SECNov 9, 2026, 4:14 PM ET
Accession number0001277902-26-000096

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 7:16 PM ET, from this filing only.

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.