Consumers Bancorp (CBKM) EVP exits for disability with benefits

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Consumers Bancorp, Inc. reported that Scott E. Dodds, Executive Vice President and Senior Loan Officer and a Named Executive Officer, left his position on June 26, 2026 due to a disability. He had served in this role since November 2013, and the company states his departure is not related to any disagreement over operations, policies, or practices.

In connection with his departure, Mr. Dodds will receive a disability benefit under the company’s Salary Continuation Plan, a lump-sum cash payment of $34,320, an advanced payout of paid time off of $10,730, and accelerated vesting of stock awards with a grant date fair value of $24,434. The company did not enter into any new material compensatory arrangements tied to his departure.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

Lump-sum cash payment: $34,320 Advanced PTO payout: $10,730 Accelerated stock awards: $24,434 +1 more

4 metrics

Lump-sum cash payment $34,320 Paid to Scott E. Dodds upon departure

Advanced PTO payout $10,730 Advanced payout of paid time off to Mr. Dodds

Accelerated stock awards $24,434 Grant date fair value of accelerated vesting stock awards

Effective departure date June 26, 2026 Date Mr. Dodds left his position

Key Terms

Salary Continuation Plan, Named Executive Officer, acceleration of vesting, Form 8-K

4 terms

Salary Continuation Plan financial

"Mr. Dodds will be entitled to the disability benefit as defined in the Salary Continuation Plan."

Named Executive Officer regulatory

"Scott E. Dodds, Executive Vice President, Senior Loan Officer and a Named Executive Officer, notified Consumers Bancorp, Inc."

acceleration of vesting financial

"the acceleration of vesting of stock awards with a grant date fair value of $24,434."

Form 8-K regulatory

"2026-06-26 FORM 8-K June 26, 2026 (Date of report/date of earliest event reported)"

A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.

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Available on EDGAR 06/30/2026 - 09:15 AM Accepted by SEC EDGAR 06/30/2026 - 09:15 AM

FAQ

Why did Consumers Bancorp (CBKM) executive Scott E. Dodds leave his role?

Scott E. Dodds left Consumers Bancorp due to a disability. He stepped down as Executive Vice President and Senior Loan Officer effective June 26, 2026, after serving in the role since November 2013, according to the company’s disclosure.

Did Consumers Bancorp (CBKM) report any disagreement linked to Scott E. Dodds’ departure?

Consumers Bancorp stated Mr. Dodds’ departure did not result from any disagreement. The company specifically notes no disputes with the board, the company, or management about operations, policies, or practices related to his leaving.

What payments will Scott E. Dodds receive from Consumers Bancorp (CBKM) upon departure?

Mr. Dodds will receive a lump-sum cash payment of $34,320 and an advanced payout of paid time off totaling $10,730. These amounts supplement his disability benefit under the company’s Salary Continuation Plan.

How were Consumers Bancorp (CBKM) stock awards treated when Scott E. Dodds left?

Upon his departure, Consumers Bancorp accelerated the vesting of Mr. Dodds’ stock awards. The accelerated awards have a grant date fair value of $24,434, as disclosed in the company’s report on his separation.

Did Consumers Bancorp (CBKM) create new compensation agreements for Scott E. Dodds’ exit?

The company stated no new material compensatory arrangements were entered into for his departure. Mr. Dodds’ benefits arise from existing plans, including the Salary Continuation Plan and existing equity awards with accelerated vesting.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

June 26, 2026

(Date of report/date of earliest event reported)

CONSUMERS BANCORP, INC.

(Exact name of registrant as specified in its charter)

Ohio	033-79130	34-1771400
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

614 East Lincoln Way

P.O. Box 256

Minerva, Ohio 44657

(Address of principal executive offices) (Zip Code)

(330) 868-7701

(Registrant’s telephone number, including area code)

N/A

(Former name of former address, if changes since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class`	Trading Symbol(s)	Name of each exchange on which registered
None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

On June 26, 2026, Scott E. Dodds, Executive Vice President, Senior Loan Officer and a Named Executive Officer, notified Consumers Bancorp, Inc. (the Company) of his decision to leave his position, effective June 26, 2026, due to a disability. Mr. Dodds has served in this position since he joined the Company in November 2013. Mr. Dodds’ departure is not due to any disagreement with the Board of Directors of the Company, the Company or management on any matter relating to the Company’s operations, policies or practices.

In connection with his departure, Mr. Dodds will be entitled to the disability benefit as defined in the Salary Continuation Plan. Also, Mr. Dodds received a lump sum cash payment in the amount of $34,320, $10,730 advanced payout of paid time off, and the acceleration of vesting of stock awards with a grant date fair value of $24,434. No new material compensatory arrangements were entered into in connection with his departure.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Consumers Bancorp, Inc.

Date: June 30, 2026	By:	/s/ Ralph J. Lober
		Ralph J. Lober II President & Chief Executive Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents