C & F FINANCIAL CORP (CFFI): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
C & F FINANCIAL CORP (CFFI) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. EX-10.2 3 cffi-20260616xex10d2.htm EX-10.2 Word 8.0 Generic Normal Template, rev. 4/1/97, The Legal MacPac EXHIBIT 10.2 NONQUALIFIED SUPPLEMENTAL DEFERRED COMPENSATION PLAN ADOPTION AGREEMENT This adoption agreement and the accompanying plan document have not been approved by the
How this was made
The 30-second read
Why it matters
This is primarily a compensation-plan governance update. Without disclosed officer departures/elections details or financial metrics, the market impact should be modest and mostly governance/retention-related.
Market read
A routine SEC compensation-plan filing; likely limited trading impact unless the full 8-K includes specific director/officer changes or materially different compensation terms.
What to watch
The excerpt does not include the full list of departing/elected officers or the specific compensation terms; a complete 8-K could contain additional officer/director changes that would raise materiality.
Background
The SEC 8-K Item 5.02 relates to departures/elections/appointments and compensatory arrangements; the exhibit shown is a nonqualified supplemental deferred compensation plan adoption/amendment agreement with 409A references.
Ticker impact
C&F Financial Corp filed an 8-K Item 5.02 adopting/amending a nonqualified deferred compensation plan effective Jan. 1, 2026 for directors and executives.
Low likelihood of a sustained price move; any reaction is likely limited to compensation/governance interpretation rather than earnings power.
The disclosure is an SEC 8-K Item 5.02 with plan adoption/amendment language (nonqualified deferred compensation, 409A-related), without any earnings, guidance, or transaction terms.
Market effects
Limited read-across to other regional banks/financials; nonqualified deferred compensation plan updates are common and not sector-specific.
None indicated; filing is company-specific.
None indicated.
Counterpoint
Traders could treat deferred-compensation plan amendments as a signal of retention/compensation restructuring, potentially preceding broader management changes—even though none are explicitly disclosed here.
Key entities
- issuerC&F Financial Corporation
Subject of the SEC 8-K; adoption/amendment of a nonqualified deferred compensation plan effective Jan. 1, 2026.
- compensation_planNonqualified Supplemental Deferred Compensation Plan
Plan adoption/amendment agreement for directors and executives; includes 409A-related effective-date language.