Ameris Bancorp Announces 2024 Annual Meeting of Shareholders

Ticker: ABCB · Form: DEF 14A · Filed: Apr 23, 2024 · CIK: 351569

Sentiment: neutral

Topics: Ameris Bancorp, Annual Meeting, Proxy Statement, Virtual Meeting, Shareholder Vote

TL;DR

Ameris Bancorp is holding its 2024 Annual Meeting of Shareholders virtually on June 6, 2024, with proxy materials accessible online.

AI Summary

Ameris Bancorp (ABCB) filed a Proxy Statement (DEF 14A) with the SEC on April 23, 2024. The 2024 Annual Meeting of Shareholders for Ameris Bancorp will be held on June 6, 2024, at 9:30 a.m. ET. The meeting will be conducted entirely virtually via live audio webcast. Shareholders can attend and vote by visiting www.virtualshareholdermeeting.com/ABCB2024. Proxy materials will be primarily furnished electronically, with a notice providing access instructions. Shareholders can vote online, by telephone, or by mail if they receive a paper proxy card.

Why It Matters

For investors and stakeholders tracking Ameris Bancorp, this filing contains several important signals. The virtual format aims to reduce costs and paper usage, aligning with sustainability efforts. Shareholder participation is encouraged through various voting methods to ensure representation at the meeting.

Risk Assessment

Risk Level: low — Ameris Bancorp shows low risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting, containing standard disclosures and no immediate financial or operational news.

Analyst Insight

Shareholders should review the proxy materials to understand the proposals and vote their shares before the June 6, 2024 meeting.

Key Numbers

Key Players & Entities

FAQ

When did Ameris Bancorp file this DEF 14A?

Ameris Bancorp filed this Proxy Statement (DEF 14A) with the SEC on April 23, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Ameris Bancorp (ABCB).

Where can I read the original DEF 14A filing from Ameris Bancorp?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Ameris Bancorp.

What are the key takeaways from Ameris Bancorp's DEF 14A?

Ameris Bancorp filed this DEF 14A on April 23, 2024. Key takeaways: The 2024 Annual Meeting of Shareholders for Ameris Bancorp will be held on June 6, 2024, at 9:30 a.m. ET.. The meeting will be conducted entirely virtually via live audio webcast.. Shareholders can attend and vote by visiting www.virtualshareholdermeeting.com/ABCB2024..

Is Ameris Bancorp a risky investment based on this filing?

Based on this DEF 14A, Ameris Bancorp presents a relatively low-risk profile. The filing is a routine proxy statement for an annual shareholder meeting, containing standard disclosures and no immediate financial or operational news.

What should investors do after reading Ameris Bancorp's DEF 14A?

Shareholders should review the proxy materials to understand the proposals and vote their shares before the June 6, 2024 meeting. The overall sentiment from this filing is neutral.

How does Ameris Bancorp compare to its industry peers?

Ameris Bancorp operates as a commercial bank, providing a range of financial services.

Are there regulatory concerns for Ameris Bancorp?

The filing is a proxy statement (DEF 14A) under the Securities Exchange Act of 1934, requiring specific disclosures for shareholder meetings.

Industry Context

Ameris Bancorp operates as a commercial bank, providing a range of financial services.

Regulatory Implications

The filing is a proxy statement (DEF 14A) under the Securities Exchange Act of 1934, requiring specific disclosures for shareholder meetings.

What Investors Should Do

  1. Review the proxy statement for details on proposals and director nominees.
  2. Vote your shares prior to the June 6, 2024 meeting.
  3. Access the virtual meeting at www.virtualshareholdermeeting.com/ABCB2024 on the meeting date.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing for the 2024 annual meeting, following previous filings related to corporate governance and financial reporting.

Filing Stats: 4,733 words · 19 min read · ~16 pages · Grade level 13.1 · Accepted 2024-04-23 09:41:37

Key Financial Figures

Filing Documents

Executive Compensation

Executive Compensation 36 Compensation Discussion and Analysis 36 Compensation Committee Interlocks and Insider Participation 53 Compensation Committee Report 54 Compensation Tables 55 Employment Agreements 63 CEO Pay Ratio 65 i TABLE OF CONTENTS Pay Versus Performance 66 Pay Versus Performance Table 66 Description of Relationship Between Compensation Actually Paid and Company Total Shareholder Return 68 Description of Relationship Between Compensation Actually Paid and Net Income 69 Description of Relationship Between Compensation Actually Paid and TBV Growth 69 Description of Relationship Between Company TSR and Peer Group TSR 70 Tabular List of Most Important Financial Performance Measures 70 Audit Matters 71 Audit Committee Report 71 Fees and Services 72 Policy on Audit Committee Pre-Approval and Permissible Non-Audit Services 72 Stock Ownership 73

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 73 Delinquent Section 16(a) Reports 75 Related Party Transactions 76 Related Party Transaction Policy 76 Transactions with Related Persons 77 Additional Information 78 Other Matters 78 Shareholder Proposals and Nominations 78 Annual Report 78 Exhibit A — Reconciliation of GAAP and Non-GAAP Financial Measures A-1 ii TABLE OF CONTENTS PROXY STATEMENT FOR 2024 ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON JUNE 6, 2024 PROXY STATEMENT SUMMARY This summary highlights information contained elsewhere in this proxy statement (the "Proxy Statement") and in our 2023 Annual Report to Shareholders, which includes our Annual Report on Form 10-K for the year ended December 31, 2023 (the "2023 Annual Report") and accompanies this Proxy Statement. You should read the entire Proxy Statement and the 2023 Annual Report before voting. We are first making the proxy materials available to shareholders on or about April 23, 2024. In this Proxy Statement: (i) Ameris Bancorp is referred to as "Ameris," "we," "our," "us," or the "Company"; (ii) Ameris Bank, Ameris's wholly owned subsidiary, is referred to as "Ameris Bank" or the "Bank"; and (iii) the Company's Board of Directors is referred to as the "Board." Information About the 2024 Meeting of Shareholders of Ameris Bancorp (the "Annual Meeting") Date: June 6, 2024 Time: 9:30 a.m. ET Location: Virtual format only, via live audio webcast at www.virtualshareholdermeeting.com/ABCB2024 . Record Date and Voting: You are entitled to vote at the Annual Meeting if you were a shareholder of record of the Company's common stock, $1.00 par value per share (the "Common Stock"), as of the close of business on March 28, 2024, the record date for the Annual Meeting (the "Record Date"). Each share of Common Stock represented at the Annual Meeting is entitled to one vote for each director nominee with respect to the proposal to elect director

Executive Compensation

Executive Compensation Annual Election of All Directors Approximately 85% of Board Members are Independent Strong Independent Lead Director of the Board Independent Audit, Compensation, Corporate Governance and Nominating, and Enterprise Risk Committees of the Board No Supermajority Voting Requirements in Articles of Incorporation or Bylaws Formalized Annual Board and Committee Self-Assessments and Director Assessments Majority Voting for Directors in Uncontested Elections All Directors Attended at Least 75% of 2023 Meetings Director Continuing Education Regular Executive Sessions of Independent Directors No Poison Pill in Effect Pay for Performance Philosophy Independent Compensation Consultant Engaged by Compensation Committee Annual Advisory Votes on Executive Compensation Risk Oversight by Board and Committees, Including Enterprise Risk Committee Limits Imposed on Maximum Incentive Award Payouts Stock Ownership Requirements for Named Executive Officers and Directors Insider Trading Policy Prohibits Hedging and Short Sales Implementation of Mandatory Clawback Policy for Incentive Compensation Paid to Executive Officers 5 TABLE OF CONTENTS PROXY SOLICITATION AND VOTING INFORMATION Why am I receiving these materials? The Board has made these materials available to you on the internet or, upon your request, has delivered printed versions of these materials to you by mail, in connection with the solicitation of proxies by and on behalf of the Board for use at the Annual Meeting. The Annual Meeting will be held virtually, via live audio webcast at www.virtualshareholdermeeting.com/ABCB2024 , on Thursday, June 6, 2024, commencing at 9:30 a.m. ET. These materials will be first made available to shareholders on or about April 23, 2024. Shareholders of the Company are invited to attend the Annual Meeting virtually and are requested to vote on the proposals described in this Proxy Statement. What is included in these materials? These materials

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