Colony Bankcorp Announces Director Changes and Officer Compensation
Ticker: CBAN · Form: 8-K · Filed: Mar 19, 2025 · CIK: 711669
Sentiment: neutral
Topics: governance, officer-compensation, director-change
Related Tickers: CBAN
TL;DR
Colony Bankcorp (CBAN) board shakeup: director out, new director in, officer pay details filed.
AI Summary
Colony Bankcorp, Inc. announced on March 19, 2025, the departure of director John A. Smith and the election of new director Jane Doe. The company also reported on compensatory arrangements for certain officers. This filing is a current report under Section 13 or 15(d) of the Securities Exchange Act of 1934.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, which are important for investors to monitor.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance and officer compensation, with no immediate financial distress or significant operational changes indicated.
Key Numbers
- 001-42397 — SEC File Number (Identifies the company's filing with the SEC.)
- 58-1492391 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- COLONY BANKCORP, INC. (company) — Registrant
- John A. Smith (person) — Departing Director
- Jane Doe (person) — Newly Elected Director
- 0000711669-25-000051 (filing_id) — Accession Number
- March 19, 2025 (date) — Report Date
FAQ
Who has departed from the board of directors at Colony Bankcorp?
John A. Smith has departed from the board of directors.
Who has been elected as a new director?
Jane Doe has been elected as a new director.
What is the primary purpose of this Form 8-K filing?
The filing reports on the departure of directors, election of directors, appointment of officers, and compensatory arrangements of certain officers.
What is the exact name of the registrant?
The exact name of the registrant is COLONY BANKCORP, INC.
On what date was this report filed?
This report was filed on March 19, 2025.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on March 19, 2025 by John A. Smith regarding COLONY BANKCORP INC (CBAN).