Affinity Bancshares Reports Officer Changes and Financials
Ticker: AFBI · Form: 8-K · Filed: Oct 1, 2024 · CIK: 1823406
| Field | Detail |
|---|---|
| Company | Affinity Bancshares, Inc. (AFBI) |
| Form Type | 8-K |
| Filed Date | Oct 1, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: officer-changes, director-changes, financials
TL;DR
Affinity Bancshares is shuffling execs and filing financials.
AI Summary
Affinity Bancshares, Inc. filed an 8-K on October 1, 2024, reporting events as of September 26, 2024. The filing primarily concerns the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. It also includes financial statements and exhibits.
Why It Matters
This filing indicates potential shifts in leadership and executive compensation, which could impact the company's strategic direction and operational management.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with executive compensation details, can signal internal shifts that may affect future performance.
Key Players & Entities
- Affinity Bancshares, Inc. (company) — Registrant
- Maryland (jurisdiction) — State of Incorporation
- September 26, 2024 (date) — Date of earliest event reported
- October 1, 2024 (date) — Date of Report
FAQ
Who are the specific directors or officers departing from Affinity Bancshares, Inc.?
The filing does not specify the names of the departing directors or officers in the provided text.
Who has been elected as new directors or appointed as new officers?
The filing mentions the election of directors and appointment of officers but does not name the individuals in the provided text.
What are the details of the compensatory arrangements for certain officers?
The filing indicates that compensatory arrangements for certain officers are being reported, but the specific details are not included in the provided text.
What specific financial statements are included with this 8-K filing?
The filing states that financial statements and exhibits are included, but the specific statements are not detailed in the provided text.
What is the primary reason for this 8-K filing?
The primary reasons for this 8-K filing are the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, along with financial statements and exhibits.
Filing Stats: 483 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-10-01 10:17:16
Key Financial Figures
- $0.01 — ich registered Common stock, par value $0.01 per share AFBI The Nasdaq Stock Mar
Filing Documents
- form8k_092624.htm (8-K) — 23KB
- 0000943374-24-000400.txt ( ) — 154KB
- afbi-20240926.xsd (EX-101.SCH) — 4KB
- afbi-20240926_lab.xml (EX-101.LAB) — 21KB
- afbi-20240926_pre.xml (EX-101.PRE) — 16KB
- form8k_092624_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On September 26, 2024, the Boards of Directors of Affinity Bancshares, Inc. and its wholly-owned subsidiary, Affinity Bank, extended the terms of the Employment Agreements with each of Edward J. Cooney, President and Chief Executive Officer, Brandi Pajot, Chief Financial Officer, Clark N. Nelson, Executive Vice President and Chief Credit Officer and Elizabeth M. Galazka, Executive Vice President of Lending, such that the terms of the Employment Agreements expire on September 1, 2027 (with respect to Messrs. Cooney and Nelson) and September 1, 2026 (with respect to Mss. Pajot and Galazka). There were no other changes to the Employment Agreements.
Financial Statements and Exhibits
Financial Statements and Exhibits Not applicable
SIGNATURES
SIGNATURES 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. AFFINITY BANCSHARES, INC. DATE: September 30, 2024 By: /s/ Brandi Pajot Brandi Pajot Senior Vice President and Chief Financial Officer