Bancorp, Inc. Files 8-K on Officer/Director Changes
Ticker: TBBK · Form: 8-K · Filed: Jul 24, 2024 · CIK: 1295401
| Field | Detail |
|---|---|
| Company | Bancorp, Inc. (TBBK) |
| Form Type | 8-K |
| Filed Date | Jul 24, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: officer-change, director-change, compensation
TL;DR
Bancorp leadership shuffle: new officers elected, directors potentially changed.
AI Summary
The Bancorp, Inc. filed an 8-K on July 24, 2024, reporting events as of July 19, 2024. The filing pertains to the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. Specific details regarding the individuals involved, their roles, and the nature of the changes are outlined within the report.
Why It Matters
This filing indicates potential shifts in the leadership and governance of The Bancorp, Inc., which could impact strategic direction and operational oversight.
Risk Assessment
Risk Level: medium — Changes in key personnel and board composition can signal underlying issues or strategic shifts that may affect the company's future performance.
Key Players & Entities
- The Bancorp, Inc. (company) — Registrant
- July 19, 2024 (date) — Date of earliest event reported
- July 24, 2024 (date) — Date of report
FAQ
What specific changes occurred regarding directors or officers?
The filing indicates events related to the departure of directors or certain officers, the election of directors, and the appointment of certain officers.
Are there any details on new compensatory arrangements?
The report covers compensatory arrangements of certain officers, suggesting potential changes or updates to executive pay.
When was the earliest event reported in this 8-K?
The earliest event reported was on July 19, 2024.
What is the primary purpose of this 8-K filing?
The primary purpose is to report significant corporate events including changes in directors/officers and related compensation.
Where is The Bancorp, Inc. headquartered?
The Bancorp, Inc. is headquartered at 409 Silverside Road, Wilmington, DE 19809.
Filing Stats: 560 words · 2 min read · ~2 pages · Grade level 11 · Accepted 2024-07-24 16:15:34
Key Financial Figures
- $1.00 — ch registered Common Stock, par value $1.00 per share TBBK Nasdaq Global Select
Filing Documents
- bancorp8k.htm (8-K) — 21KB
- 0000950159-24-000222.txt ( ) — 187KB
- tbbk-20240719.xsd (EX-101.SCH) — 3KB
- tbbk-20240719_lab.xml (EX-101.LAB) — 33KB
- tbbk-20240719_pre.xml (EX-101.PRE) — 22KB
- bancorp8k_htm.xml (XML) — 3KB
02. Departure of Directors or Certain Officers; Election of Directors;
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 19, 2024, the Board of Directors (the "Board") of The Bancorp, Inc. (the "Company") received notification from director Michael J. Bradley of his intention to retire and resign from his role as a director of the Board, effective September 30, 2024, thereby terminating as of that date his directorship and his role as Chair of the Audit Committee of the Board (the "Audit Committee"). Mr. Bradley's retirement and resignation are voluntary, and he was not removed or terminated from his positions. Further, Mr. Bradley's retirement and resignation are not the result of any disagreement between Mr. Bradley and the Company, the Company's management, or the Board or any committee thereof, on any matter relating to the Company's operations, policies, or practices, or otherwise. The Company thanks Mr. Bradley for his many years of service and leadership. In light of Mr. Bradley's retirement and resignation from the Board, the Board will reduce its size from ten (10) directors to nine (9) directors, effective October 1, 2024. The Board has appointed director Mark E. Tryniski to succeed Mr. Bradley as Chair of the Audit Committee, effective October 1, 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: July 24, 2024 THE BANCORP, INC. By: /s/ Paul Frenkiel Name: Paul Frenkiel Title: Chief Financial Officer and Secretary