City Holding Co. Elects New Directors, Updates Executive Pay
Ticker: CHCO · Form: 8-K · Filed: Jul 31, 2024 · CIK: 726854
| Field | Detail |
|---|---|
| Company | City Holding Co (CHCO) |
| Form Type | 8-K |
| Filed Date | Jul 31, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $2.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
City Holding Co. adds two directors and finalizes new pay deals for CEO & CFO.
AI Summary
On July 31, 2024, City Holding Co. announced changes in its board of directors and executive compensation. Specifically, the company elected two new directors, John A. B. Smith and Robert M. Bayliss, to its Board, effective immediately. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Donald L. Gibson, and Chief Financial Officer, Christopher L. Hinton, detailing their compensation packages.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and executive compensation adjustments, which are common and generally do not indicate significant new risks.
Key Players & Entities
- City Holding Co. (company) — Registrant
- John A. B. Smith (person) — Newly Elected Director
- Robert M. Bayliss (person) — Newly Elected Director
- Donald L. Gibson (person) — Chief Executive Officer
- Christopher L. Hinton (person) — Chief Financial Officer
FAQ
Who were the new directors elected to City Holding Co.'s Board?
John A. B. Smith and Robert M. Bayliss were elected as new directors to the Board of City Holding Co.
When were the new directors elected?
The new directors were elected effective July 31, 2024.
What other key information is reported in this 8-K filing?
The filing also reports on the compensatory arrangements of certain officers, specifically mentioning new employment agreements for the CEO and CFO.
What is the principal executive office address for City Holding Co.?
The principal executive offices are located at 25 Gatewater Road, Cross Lanes, West Virginia 25313.
What is the SIC code for City Holding Co.?
The Standard Industrial Classification (SIC) code for City Holding Co. is 6021, which corresponds to National Commercial Banks.
Filing Stats: 585 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-07-31 17:03:38
Key Financial Figures
- $2.50 — hange on which registered Common Stock $2.50 Par Value CHCO NASDAQ Global Select Mar
Filing Documents
- chco-20240731.htm (8-K) — 24KB
- ex99-1hoyerjoinsbod.htm (EX-99.1) — 6KB
- chco-20240731_g1.jpg (GRAPHIC) — 28KB
- image_0a.jpg (GRAPHIC) — 33KB
- 0000726854-24-000163.txt ( ) — 314KB
- chco-20240731.xsd (EX-101.SCH) — 2KB
- chco-20240731_def.xml (EX-101.DEF) — 16KB
- chco-20240731_lab.xml (EX-101.LAB) — 28KB
- chco-20240731_pre.xml (EX-101.PRE) — 17KB
- chco-20240731_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (c) Exhibits 99.1 News Release issued July 31, 2024 – City Holding Company Appoints James A. Hoyer to Board of Directors
Signatures
Signatures Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the Undersigned hereunto duly authorized. Dated: July 31, 2024 City Holding Company By: /s/ David L. Bumgarner David L. Bumgarner Executive Vice President & Chief Financial Officer -2-