Short answer
Customers Bancorp, Inc. (CUBI) filed an 8-K current report with the SEC on July 8, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). New supplemental retirement plan for Lyle Cunningham, superseding his April 27, 2022 plan.
Customers Bancorp, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- New supplemental retirement plan for Lyle Cunningham, superseding his April 27, 2022 plan
- $12,500 monthly lifetime benefit after separation following Normal Retirement Age
- Early termination and Change in Control benefits, subject to vesting and qualifying separation terms
- Unfunded nonqualified deferred compensation creates future company obligations rather than immediate cash costs
- Clawback, noncompete, and Cause-forfeiture provisions protect the company but may affect executive retention terms
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other Customers Bancorp, Inc. 8-K filings
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