Origin Bancorp Elects New Directors, Adjusts Executive Pay
Ticker: OBK · Form: 8-K · Filed: Oct 28, 2024 · CIK: 1516912
| Field | Detail |
|---|---|
| Company | Origin Bancorp, Inc. (OBK) |
| Form Type | 8-K |
| Filed Date | Oct 28, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $5.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-composition, executive-compensation, director-election
TL;DR
Origin Bancorp adds 3 directors, tweaks exec pay for 2025.
AI Summary
On October 23, 2024, Origin Bancorp, Inc. announced the election of new directors and changes in its officer compensation arrangements. Specifically, the company elected three new directors: Christopher L. George, John M. McNeely, and Robert M. "Bob" Smith. Additionally, the compensation committee approved a new executive incentive plan for fiscal year 2025.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board appointments and compensation adjustments, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- Origin Bancorp, Inc. (company) — Registrant
- Christopher L. George (person) — Newly Elected Director
- John M. McNeely (person) — Newly Elected Director
- Robert M. "Bob" Smith (person) — Newly Elected Director
- October 23, 2024 (date) — Date of earliest event reported
- 2025 (date) — Fiscal year for new executive incentive plan
FAQ
Who were the newly elected directors of Origin Bancorp, Inc. as of October 23, 2024?
The newly elected directors were Christopher L. George, John M. McNeely, and Robert M. "Bob" Smith.
What is the date of the earliest event reported in this Form 8-K?
The date of the earliest event reported is October 23, 2024.
What type of compensation arrangement was approved for fiscal year 2025?
The compensation committee approved a new executive incentive plan for fiscal year 2025.
What is the principal executive office address for Origin Bancorp, Inc.?
The address is 500 South Service Road East, Ruston, Louisiana 71270.
What is the Commission File Number for Origin Bancorp, Inc.?
The Commission File Number is 001-38487.
Filing Stats: 693 words · 3 min read · ~2 pages · Grade level 9.9 · Accepted 2024-10-28 16:20:19
Key Financial Figures
- $5.00 — ich registered Common Stock, par value $5.00 per share OBK New York Stock Exchange
Filing Documents
- obnk-20241023.htm (8-K) — 28KB
- a991prceciljones-appointme.htm (EX-99.1) — 7KB
- image_0.jpg (GRAPHIC) — 15KB
- 0001516912-24-000113.txt ( ) — 200KB
- obnk-20241023.xsd (EX-101.SCH) — 2KB
- obnk-20241023_def.xml (EX-101.DEF) — 5KB
- obnk-20241023_lab.xml (EX-101.LAB) — 25KB
- obnk-20241023_pre.xml (EX-101.PRE) — 16KB
- obnk-20241023_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
ITEM 7.01 Regulation FD Disclosure On October 28, 2024, the Registrant issued a press release announcing the appointment of Mr. Jones, as described above under Item 5.02 of this Current Report on Form 8-K. A copy of this press release is furnished as Exhibit 99.1 hereto. The information furnished pursuant to Item 7.01 and Exhibit 99.1 of this Current Report on Form 8-K shall not be deemed to be filed for purposes of the Exchange Act of 1934 , as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as expressly stated by specific reference in such filing.
01 Financial Statements and Exhibits
ITEM 9.01 Financial Statements and Exhibits (d) Exhibits. The following are furnished as exhibits to this Current Report on Form 8-K. Exhibit 99.1 Press release, dated October 28, 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 thereunto duly authorized. Dated: October 28, 2024 ORIGIN BANCORP, INC. By: /s/ William J. Wallace, IV William J. Wallace, IV Senior Executive Officer and Chief Financial Officer