Central Plains Bancshares, Inc. — Form 8-K
Filed July 14, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Home Federal Savings and Loan Association (subsidiary of Central Plains Bancshares) executed a Change in Control Agreement effective July 8, 2026, with Bradley M. Kool, an executive officer. Upon a qualifying termination (non-Cause termination or Good Reason resignation post-Change in Control), Kool is entitled to a lump-sum payment of 3× (Base Salary + highest annual bonus) plus 18 months of COBRA premium payments. The agreement auto-renews annually for 3-year rolling term unless the Board declines renewal, and extends 2 years post-Change in Control. No specific salary or bonus amounts are disclosed in this agreement excerpt.
Why this rating
Standard change-in-control severance agreement for single executive. No dollar quantum disclosed; routine protective measure for $57M company's management. Immaterial to business operations or financial position.
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