Company: CFBK
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000950170-25-060182
Chunk: 29

Company: CF BANKSHARES INC.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 29
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 under the Incentive Compensation Plan. For additional information regarding the Incentive Compensation Plan and the awards granted thereunder, see “— Incentive Compensation Plan Information” below.

In 2021 and 2022, CFBank entered into Deferred Cash Incentive Agreements with certain executive officers and employees, including Timothy O’Dell, Kevin Beerman and Bradley Ringwald, pursuant to which the participants were eligible to receive deferred cash incentive awards based on certain Company performance objectives. See “—Deferred Cash Incentive Agreements” below for additional information.

The Company and CFBank have entered into employment agreements with Timothy T. O’Dell, Kevin Beerman and Brad Ringwald. See “—Employment Agreement” below for additional information.

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2024 COMPENSATION In accordance with the rules established by the SEC, the Company is required to provide certain data and information in regard to the compensation and benefits provided to the Company’s President and Chief Executive Officer and certain of its other most highly compensated executive officers of the Company for the years ended December 31, 2024 and 2023. The “named executive officers” included in the Summary Compensation Table below are Timothy T. O’Dell, President and Chief Executive Officer of the Company and Chief Executive Officer of CFBank; Kevin J. Beerman, Executive Vice President and Chief Financial Officer of the Company and CFBank; and Bradley J. Ringwald, President of CFBank.

| Summary Compensation Table                                  
 Name and Principal Position                                 |     | Year |     | Salary |         |     | Stock      
 Awards (1) |         |     | Non-equity       
 Incentive Plan   
 Compensation (2) |         |     | Nonqualified 
 Deferred     
 Compensation 
 earnings (3) |       |     | All Other        
 Compensation (4) |        |     | Total |           |
|:------------------------------------------------------------|:----|-----:|:----|:-------|--------:|:----|:-----------|--------:|:----|:-----------------|--------:|:----|:-------------|------:|:----|:-----------------|-------:|:----|:------|----------:|
| Timothy T. O'Dell                                           |     | 2024 |     | $      | 508,750 |     | $          | 624,650 |     | $                | 432,663 |     | $            |