CB Financial Services sets CEO Montgomery base salary at $495,000 under new employment agreement

Reuters2026/08/26 11:03

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CB Financial Services’ bank unit signed new employment agreements with CEO John H. Montgomery, Chief Banking Officer Bruce Sharp on Aug. 24, 2026.
Initial terms run through April 30, 2029, with annual renewals designed to keep a 36-month remaining term.
Base salaries set at $495,000 for Montgomery, $294,500 for Sharp; Montgomery bonus target set at 20% of salary.
Montgomery eligible for annual equity grants targeted at 20% of salary; compensation committee can adjust targets.
Severance set at remaining-term salary or 12 months; change-in-control payout set at 3x salary plus average bonus.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CB Financial Services Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001605301-26-000036), on August 25, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CB Financial Services sets CEO Montgomery base salary at $495,000 under new employment agreement

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