Management ChangeJun 30, 2026, 09:17 AM
Consumers Bancorp Executive Scott Dodds Departs Due to Disability
AI Summary
Consumers Bancorp announced the departure of Scott E. Dodds, Executive Vice President and Senior Loan Officer, effective June 26, 2026. Mr. Dodds left his position due to a disability, having served the company since November 2013. His departure was not due to any disagreements with the company's board or management. In connection with his departure, Mr. Dodds received a disability benefit, a $34,320 lump sum cash payment, a $10,730 advanced payout for paid time off, and accelerated vesting of stock awards valued at $24,434.
Key Highlights
- Scott E. Dodds, Executive Vice President and Senior Loan Officer, departed.
- Departure was effective June 26, 2026, due to a disability.
- Mr. Dodds had served in his position since November 2013.
- Departure was not due to any disagreement with the Board or management.
- Entitled to disability benefit as defined in the Salary Continuation Plan.
- Received a lump sum cash payment of $34,320.
- Received an advanced payout of paid time off totaling $10,730.
- Stock awards with a grant date fair value of $24,434 had accelerated vesting.
Price Impact
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