NBHC Elects New Directors, Approves CFO Compensation
Ticker: NBHC · Form: 8-K · Filed: Mar 15, 2024 · CIK: 1475841
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: NBHC
TL;DR
NBHC adds 2 directors, gives CFO a new pay package.
AI Summary
National Bank Holdings Corp. announced on March 12, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Robert D. Jones and David L. Pyle, to its Board, effective March 12, 2024. Additionally, the company entered into a new employment agreement with its Chief Financial Officer, Christopher G. Mitchell, which includes a base salary of $425,000 and potential performance-based bonuses.
Why It Matters
The election of new directors and changes in 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 typically do not indicate significant underlying risks.
Key Numbers
- 2 — New Directors Elected (Enhances board expertise and oversight.)
- $425,000 — CFO Base Salary (Reflects compensation for key executive leadership.)
Key Players & Entities
- National Bank Holdings Corp. (company) — Registrant
- Robert D. Jones (person) — Newly elected director
- David L. Pyle (person) — Newly elected director
- Christopher G. Mitchell (person) — Chief Financial Officer
- $425,000 (dollar_amount) — CFO's base salary
FAQ
Who are the newly elected directors and when was their election effective?
Robert D. Jones and David L. Pyle were elected as directors, effective March 12, 2024.
What is the new base salary for the CFO, Christopher G. Mitchell?
The new base salary for Christopher G. Mitchell is $425,000.
What other compensation components are included in the CFO's new employment agreement?
The agreement includes potential performance-based bonuses.
What is the principal executive office address for National Bank Holdings Corp.?
The principal executive offices are located at 7800 East Orchard Road, Suite 300, Greenwood Village, Colorado 80111.
What is the filing date of this 8-K report?
The report was filed on March 15, 2024, with the earliest event reported being March 12, 2024.
Filing Stats: 871 words · 3 min read · ~3 pages · Grade level 11.2 · Accepted 2024-03-15 16:30:27
Key Financial Figures
- $75,000 — ion for service on the Board (currently $75,000 per annum, paid quarterly in arrears) b
- $120,000 — d grant of restricted shares, valued at $120,000 per annum, at the time the next regular
Filing Documents
- nbhc-20240312x8k.htm (8-K) — 36KB
- nbhc-20240312xex99d1.htm (EX-99.1) — 16KB
- nbhc-20240312xex99d1001.jpg (GRAPHIC) — 25KB
- nbhc-20240312xex99d1002.jpg (GRAPHIC) — 16KB
- 0001558370-24-003420.txt ( ) — 232KB
- nbhc-20240312.xsd (EX-101.SCH) — 3KB
- nbhc-20240312_lab.xml (EX-101.LAB) — 16KB
- nbhc-20240312_pre.xml (EX-101.PRE) — 10KB
- nbhc-20240312x8k_htm.xml (XML) — 5KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description of Exhibit 99.1 Press Release, dated March 15, 2024. 104 Cover Page Interactive Data File - The cover page XBRL tags are embedded within the inline XBRL document. SIGNATURE 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. National Bank Holdings Corporation By: /s/ Angela N. Petrucci Name: Angela N. Petrucci Title: Chief Administrative Officer & General Counsel Date: March 15, 2024