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This report details TowneBank\'s agreement with William I. Foster, III, including terms of employment, compensation, and change in control provisions effective March 3, 2023.
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What is form 8-k?
Form 8-K is a report required by the U.S. Securities and Exchange Commission (SEC) to be filed by publicly traded companies to disclose significant events that may be of interest to shareholders or the SEC.
Who is required to file form 8-k?
All publicly traded companies in the United States are required to file Form 8-K when certain events occur that are deemed important and materially affect the company's operations or financial status.
How to fill out form 8-k?
To fill out Form 8-K, the company must provide key information about the event being reported, including details of the event, the date it occurred, and any relevant financial figures. The form includes specific items to check that apply to the event.
What is the purpose of form 8-k?
The purpose of Form 8-K is to provide timely disclosure of material events or corporate changes that shareholders and investors should be aware of in order to make informed decisions.
What information must be reported on form 8-k?
Form 8-K must report information about various significant events, such as mergers, acquisitions, leadership changes, bankruptcy, financial restatements, and other actions that could impact a company's stock price.
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