Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
First Community Bancshares (FCBC) just unveiled an announcement.
First Community Bankshares, Inc. has secured continuity in its leadership by entering into new employment contracts with its top executives, including the CEO, President, and CFO, effective from January 1, 2024. These agreements, which supersede prior contracts, have an initial term of three years with automatic annual renewals and provisions for annual salary reviews and incentive plan participation. Moreover, the contracts detail severance terms in the event of termination, with specific provisions for scenarios involving change of control, as well as clauses enforcing loyalty and non-compete obligations post-employment.
See more data about FCBC stock on TipRanks’ Stock Analysis page.