Colony Bankcorp, Inc. Announces 2024 Annual Meeting of Shareholders

TL;DR

<b>Colony Bankcorp, Inc. invites shareholders to its 2024 Annual Meeting on May 16, 2024, to vote on director elections, executive compensation, and auditor ratification.</b>

AI Summary

COLONY BANKCORP INC (CBAN) filed a Proxy Statement (DEF 14A) with the SEC on April 11, 2024. The 2024 Annual Meeting of Shareholders for Colony Bankcorp, Inc. will be held on May 16, 2024, at 11:00 a.m. local time. Shareholders will vote on the election of eight directors. An advisory (non-binding) resolution to approve executive compensation will be presented. The appointment of Mauldin & Jenkins, LLC as the independent registered public accounting firm for 2024 will be ratified. The meeting will include a report on the Company's 2023 financial and operating performance.

Why It Matters

For investors and stakeholders tracking COLONY BANKCORP INC, this filing contains several important signals. Shareholders have the opportunity to elect directors and provide input on executive compensation, directly influencing the company's governance and leadership. The ratification of the independent auditor ensures continued oversight of the company's financial reporting and compliance.

Risk Assessment

Risk Level: low — COLONY BANKCORP INC shows low risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting, with no immediate financial or operational concerns highlighted.

Analyst Insight

Review the proposed director nominees and executive compensation details to make an informed voting decision.

Key Numbers

• 8 — Directors (Number of directors to be elected)
• 11:00 a.m. — Meeting Time (Time of the Annual Meeting)
• 2024 — Fiscal Year End (Fiscal year for which the auditor is appointed)

Key Players & Entities

• Colony Bankcorp, Inc. (company) — Registrant name
• Mauldin & Jenkins, LLC (company) — Independent registered public accounting firm
• 2024 (date) — Annual Meeting year
• May 16, 2024 (date) — Annual Meeting date
• 2023 (date) — Reporting year for financial performance
• 115 South Grant Street, Fitzgerald, Georgia (location) — Company's Corporate Headquarters

FAQ

Risk Factors

• General Disclosure [low — regulatory]: This filing is a Definitive Proxy Statement (DEF 14A) for the 2024 Annual Meeting of Shareholders.

Industry Context

Colony Bankcorp, Inc. operates within the commercial banking sector, as indicated by its SIC code 6022.

Regulatory Implications

The filing is made in accordance with Section 14(a) of the Securities Exchange Act of 1934 and Rule 14a-101, governing proxy statements.

What Investors Should Do

1. Review the Proxy Statement for details on director nominees and their qualifications.
2. Understand the advisory vote on executive compensation and its implications.
3. Confirm the ratification of Mauldin & Jenkins, LLC as the independent auditor.

Key Dates

• 2024-05-16: 2024 Annual Meeting of Shareholders — Shareholders will vote on key corporate matters.
• 2024-04-11: Filing Date — Date the Definitive Proxy Statement was filed.

Year-Over-Year Comparison

This is a DEF 14A filing for the 2024 Annual Meeting, providing information on upcoming shareholder votes and company performance.

Key Financial Figures

• $1.00 — consist of the Company's common stock, $1.00 par value per share ("Company common st

Filing Documents

• cban2024def14aproxystateme.htm (DEF 14A) — 445KB
• colonybankcorpinc_prxyxgt2.jpg (GRAPHIC) — 132KB
• colonybankcorpinc_prxyxgt2a.jpg (GRAPHIC) — 63KB
• heathsignature.jpg (GRAPHIC) — 43KB
• logosmall-10.jpg (GRAPHIC) — 6KB
• 0000711669-24-000054.txt (&nbsp;) — 781KB

From the Filing

DEF 14A 1 cban2024def14aproxystateme.htm DEF 14A Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 Colony Bankcorp, Inc. (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check all boxes that apply) No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. April 11, 2024 Dear Fellow Shareholder On behalf of the Board of Directors and management of Colony Bankcorp, Inc. (the Company), I cordially invite you to attend the 2024 Annual Meeting of Shareholders. The meeting will be held at 1100 a.m., local time, on May 16, 2024, at the Company's Corporate Headquarters, 115 South Grant Street, Fitzgerald, Georgia. As we do at this meeting every year, in addition to considering the matters described in the Proxy Statement, we will present management's report on the Company's 2023 financial and operating performance and will address your questions and comments. A Proxy Statement describing the business to be conducted at the Annual Meeting and a proxy card enabling you to vote without attending the meeting is enclosed. Our Annual Report to Shareholders for the year ended December 31, 2023 is also provided. In accordance with the rules of the Securities and Exchange Commission, our Proxy Statement, proxy card and 2023 Annual Report to Shareholders are also available on the Internet at httpsmaterials.proxyvote.com19623P. An important part of the Annual Meeting is the shareholder vote on corporate business items. I urge each of you to exercise your rights as a shareholder to vote and participate in this process. In this Annual Meeting, shareholders are being asked to consider and vote upon (1) the election of eight directors of the Company (2) the advisory (non-binding) resolution to approve our executive compensation as disclosed in the enclosed Proxy Statement (3) the ratification of the appointment of Mauldin Jenkins, LLC as the Company's independent registered public accounting firm for the year ending December 31, 2024 and (4) any other business that may properly come before the Annual Meeting or any other adjournment or postponement thereof. It is important that your shares be represented and voted at the Annual Meeting. Whether or not you plan to attend the Annual Meeting, we urge you to read the enclosed Proxy Statement and vote and submit your proxy online, by telephone, or by mail . This will ensure that your shares are represented at the Annual Meeting and will save us the additional expense of soliciting proxies. If you vote your shares prior to the Annual Meeting, you will have the right to revoke your proxy and vote your shares by one of the methods described in the Proxy Statement. Your Board of Directors and management are committed to the continued success of Colony Bankcorp, Inc. and the enhancement of your investment. As CEO, I want to express my appreciation for your confidence and support. Sincerely, T. Heath Fountain Chief Executive Officer COLONY BANKCORP, INC. Post Office Box 989 115 South Grant Street Fitzgerald, Georgia 31750 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS May 16, 2024 To the shareholders of Colony Bankcorp, Inc. NOTICE IS HEREBY GIVEN that the 2024 Annual Meeting of Shareholders (the "Annual Meeting") of Colony Bankcorp, Inc. (the "Company") will be held at Colony Bankcorp, Inc.'s Corporate Office at 115 South Grant Street, Fitzgerald, Georgia on Thursday, May 16, 2024 at 1100 a.m., local time, for the following purposes 1. To elect eight directors to serve until the 2025 Annual Meeting of Shareholders and until their successors have been duly elected and qualified 2. To solicit an advisory (non-binding) vote approving the Company's executive compensation 3. To ratify the appointment of Mauldin Jenkins, LLC as the Company's independent registered public accounting firm for the year ending December 31, 2024 and 4. To transact any other business that may properly come before the Annual Meeting or any other adjournment or postponement thereof. As of the date of this proxy statement, the Board of Directors is not aware of any other such business. The close of business on March 22, 2024 has been fixed as the record date by the Board of Directors for the determination of shareholders entitled to notice of, an

View Full Filing

View this DEF 14A filing on SEC EDGAR