CONSUMERS BANCORP INC /OH/ 8-K

What Happened

• Consumers Bancorp Inc. filed a Form 8-K (Item 5.02) announcing that Eric Dodds, Executive Vice President, Senior Loan Officer and a Named Executive Officer, notified the company he is leaving his role effective June 26, 2026 due to a disability. Mr. Dodds had served in the position since joining the company in November 2013. The company states his departure is not due to any disagreement with the board, the company or management.

Key Details

• Effective date of departure: June 26, 2026.
• Tenure: joined Consumers Bancorp in November 2013.
• Cash and benefits paid: $34,320 lump-sum cash payment and $10,730 advanced payout of paid time off.
• Equity: acceleration of vesting of stock awards with a grant-date fair value of $24,434.
• Ongoing benefits: entitled to disability benefit under the company’s Salary Continuation Plan.
• No new material compensatory arrangements were made in connection with his departure.

Why It Matters

• This is a material personnel change involving a named executive officer and a senior lending leader, which could affect management continuity in the loan group.
• The company disclosed specific one-time cash, PTO and accelerated equity amounts, which are quantifiable, and confirmed no additional special arrangements were entered into.
• Investors should note the departure date and costs disclosed; the filing does not indicate any disagreement or broader governance issues.