Northpointe Bancshares Inc. Announces New Employment Agreements with Executive Incentive and Severance Plans

Reuters
07-02
<a href="https://laohu8.com/S/NPB">Northpointe Bancshares Inc.</a> Announces New Employment Agreements with Executive Incentive and Severance Plans

Northpointe Bancshares Inc. has announced new employment agreements with key executive officers, effective June 26, 2025. The agreements, covering a three-year initial term with automatic renewals, involve Amy M. Butler, David J. Christel, Kevin J. Comps, and Brad T. Howes. Amy M. Butler, Executive Vice President of National Sales, will have a base salary of $200,000 and is eligible for quarterly incentive compensation based on the Bank's residential lending channel's net income. David J. Christel, President of the Mortgage Purchase Program $(MPP.AU)$, will receive a base salary of $175,000, with incentives tied to MPP's net income. Kevin J. Comps and Brad T. Howes will earn base salaries of $400,000 and $300,000 respectively, with annual bonus targets of 100% and 50% of their salaries. Termination without cause or for good reason entitles executives to severance payments, with multipliers adjusting following a change in control.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Northpointe Bancshares Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-064656), on July 01, 2025, and is solely responsible for the information contained therein.

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