USCB Financial Holdings, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by USCB Financial Holdings, Inc. on January 6, 2025. The registrant is a Florida corporation with its principal executive offices in Doral, Florida. Its common stock trades on The Nasdaq Stock Market LLC under the symbol "USCB". The report specifically addresses an amendment to an executive employment agreement.
Key Financial Metrics
This filing does not contain financial performance data. There are no disclosures regarding revenue, profit, cash flow, margins, debt, or liquidity metrics within this document.
Material Changes
The primary material change reported is an amendment to the employment agreement of Robert Anderson, Executive Vice President and Chief Financial Officer. Effective January 6, 2025, the severance calculation multiplier in Section 5(f) of his agreement was increased from two (2) times to two and one-half (2.5) times. No other changes were made to the agreement.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. The amendment was approved by the Compensation Committee of the Board of Directors.
Investor Verification Checklist
- Verify the specific terms of the severance multiplier change in Exhibit 10.1 (Amendment No. 1).
- Confirm the approval of the amendment by the Compensation Committee.
- Note that this filing does not impact reported financial results for the period.