Bancorp, Inc. Files 8-K on Officer and Director Changes
Ticker: TBBK · Form: 8-K · Filed: Nov 13, 2024 · CIK: 1295401
| Field | Detail |
|---|---|
| Company | Bancorp, Inc. (TBBK) |
| Form Type | 8-K |
| Filed Date | Nov 13, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, officer-appointment, director-election
TL;DR
Bancorp leadership shakeup: Directors out, new ones in, exec pay changes.
AI Summary
The Bancorp, Inc. filed an 8-K on November 13, 2024, reporting on events as of November 10, 2024. The filing covers the departure of directors, election of directors, appointment of officers, and compensatory arrangements for certain officers. Specific details regarding individuals, dollar amounts, and precise dates of these events are not provided in this excerpt.
Why It Matters
This filing indicates significant changes in the company's leadership and executive compensation structure, which can impact strategic direction and investor confidence.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with compensation adjustments, can signal internal shifts or strategic realignments that may carry inherent risks.
Key Numbers
- 000-51018 — Commission File Number (Identifies the specific SEC filing for The Bancorp, Inc.)
- 23-3016517 — IRS Employer Identification No. (Tax identification number for The Bancorp, Inc.)
Key Players & Entities
- The Bancorp, Inc. (company) — Registrant
- 409 Silverside Road (location) — Principal executive offices address
- Wilmington, DE 19809 (location) — Principal executive offices city, state, zip
- 302-385-5000 (phone_number) — Registrant's telephone number
FAQ
What specific changes occurred regarding directors and officers?
The filing indicates the departure of directors, election of new directors, and appointment of certain officers, but the specific names and details are not provided in this excerpt.
When were these changes effective?
The earliest event reported was as of November 10, 2024, with the report filed on November 13, 2024.
What is the primary business of The Bancorp, Inc.?
The Bancorp, Inc. is classified under NATIONAL COMMERCIAL BANKS [6021].
Where is The Bancorp, Inc. headquartered?
The company's principal executive offices are located at 409 Silverside Road, Wilmington, DE 19809.
What other items are covered by this 8-K filing?
Besides director and officer changes, the filing also addresses compensatory arrangements of certain officers.
Filing Stats: 503 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-11-13 16:05:14
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) — 20KB
- 0002039852-24-000040.txt ( ) — 187KB
- tbbk-20241110.xsd (EX-101.SCH) — 3KB
- tbbk-20241110_lab.xml (EX-101.LAB) — 33KB
- tbbk-20241110_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 November 10, 2024, the Board of Directors (the "Board") of The Bancorp, Inc. (the "Company") and its wholly-owned subsidiary, The Bancorp Bank, National Association, received notification from director Daniela A. Mielke of her resignation from the Board, effective immediately, thereby terminating her directorship as of that date. Ms. Mielke voluntarily resigned to pursue other business opportunities, and her resignation was not the result of any disagreement with 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 Ms. Mielke for her years of service and leadership. In light of Ms. Mielke's resignation from the Board, the Board has reduced its size from ten (10) directors to nine (9) directors, effective November 12, 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: November 13, 2024 THE BANCORP, INC. By: /s/ Paul Frenkiel Name: Paul Frenkiel Title: Chief Financial Officer and Secretary