First Northern Community Bancorp Announces Board and Officer Changes
Ticker: FNRN · Form: 8-K · Filed: Apr 4, 2024 · CIK: 1114927
| Field | Detail |
|---|---|
| Company | First Northern Community Bancorp (FNRN) |
| Form Type | 8-K |
| Filed Date | Apr 4, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $287,000, $40,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, board-changes, officer-appointments
TL;DR
FNBC board shakeup: new directors elected, exec comp adjusted. Effective April 3rd.
AI Summary
First Northern Community Bancorp announced changes to its board of directors and executive officers on April 1, 2024. The company elected new directors and appointed certain officers, alongside adjustments to compensatory arrangements for key personnel. These changes are effective as of April 3, 2024.
Why It Matters
Changes in a company's board and executive team can signal shifts in strategy or governance, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and does not indicate any significant financial distress or operational issues.
Key Players & Entities
- FIRST NORTHERN COMMUNITY BANCORP (company) — Registrant
- April 1, 2024 (date) — Date of Report
- April 3, 2024 (date) — Date as of Change
- 195 North First Street, Dixon, California 95620 (location) — Principal executive offices
FAQ
What specific items are being reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is the exact name of the registrant?
The exact name of the registrant is FIRST NORTHERN COMMUNITY BANCORP.
In which state was the company incorporated?
The company was incorporated in California.
What is the address of the principal executive offices?
The address of the principal executive offices is 195 North First Street, P.O. Box 547, Dixon, California 95620.
What is the telephone number of the registrant?
The registrant's telephone number, including area code, is (707) 678-3041.
Filing Stats: 953 words · 4 min read · ~3 pages · Grade level 12.3 · Accepted 2024-04-03 19:15:38
Key Financial Figures
- $287,000 — h provides for an annual base salary of $287,000, which may be adjusted annually, as det
- $40,000 — ent. Mr. Hamilton will also be granted $40,000 worth of Restricted Stock. Mr. Hamilto
Filing Documents
- form8_k.htm (8-K) — 16KB
- exhibit99_1.htm (EX-99.1) — 7KB
- image0.jpg (GRAPHIC) — 25KB
- image1.jpg (GRAPHIC) — 19KB
- image2.jpg (GRAPHIC) — 199KB
- 0001114927-24-000031.txt ( ) — 360KB
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibit 99.1 Chief Credit Officer Announcement Press Release, dated April 3, 2024
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. Date: April 3, 2024 First Northern Community Bancorp (Registrant) /s/ Jeremiah Z. Smith By: Jeremiah Z. Smith President/Chief Executive Officer EXHIBIT INDEX Exhibit Document 99.1 Chief Credit Officer Announcement Press Release, dated April 3, 2024