Short answer
CITIZENS FINANCIAL SERVICES INC (CZFS) filed an 8-K current report with the SEC on June 22, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Fiscal 2025 incentive payouts updated for five executives, including CEO Randall Black’s $590,601 cash bonus.
CITIZENS FINANCIAL SERVICES INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Fiscal 2025 incentive payouts updated for five executives, including CEO Randall Black’s $590,601 cash bonus
- CEO total compensation increased to $1,803,244, with other named executives’ totals ranging from $371,571 to $482,693
- Restricted-stock awards to Messrs. Guillaume and White valued at approximately $22,100 and $23,850, vesting over three years
- CEO pay ratio 36.9x versus median employee compensation of $48,896
- Disclosure completes previously omitted compensation data, improving visibility into executive pay and incentive alignment
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