Short answer
CVB FINANCIAL CORP (CVBF) filed an 8-K current report with the SEC on June 1, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO David Brager’s employment renewed through June 30, 2029, signaling board support and continuity in executive leadership.
CVB FINANCIAL CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO David Brager’s employment renewed through June 30, 2029, signaling board support and continuity in executive leadership
- Base salary remains $966,000, with target bonus opportunity of 120% and maximum bonus of 180% of base salary
- Annual equity awards targeted at 180% of base salary, with a minimum grant-date value of 150%
- Standard termination severance equals 2x base salary plus 2x average prior two-year bonus, payable over 18 months
- Change-in-control protection increases severance to 2.5x salary and bonus, plus 24 months’ medical and dental coverage costs
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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