ECB Bancorp Raises Severance Multiplier for Executive Vice President

Reuters05:14

ECB Bancorp Raises Severance Multiplier for Executive Vice President

ECB Bancorp Inc. has amended its Change in Control Agreement with John Migliozzi, Executive Vice President and Chief Lending Officer. The amendment, approved by the Board of Directors on December 17, 2025, increases the severance multiplier in the agreement from 2.0x to 2.5x. All other material terms of the agreement remain unchanged.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ECB Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-038545), on December 22, 2025, and is solely responsible for the information contained therein.

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All other material terms of the agreement remain unchanged.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ECB Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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