Investar Holding Corp. 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Investar Holding Corporation on January 23, 2023. The filing discloses a material corporate governance event: the appointment of a new Chief Financial Officer effective immediately.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive compensation details for the new appointee:
- Annual Base Salary: $300,000
- Target Annual Cash Incentive: $90,000
- Long-Term Incentive (Restricted Stock Units): Initial grant date fair value of $75,000, vesting over 5 years.
Material Changes
The primary material change is the appointment of John R. Campbell as Executive Vice President and Chief Financial Officer of the Company and its subsidiary, Investar Bank, National Association. Mr. Campbell brings over 10 years of experience from Hibernia National Bank and 18 years from Laitram LLC, along with an audit background from Ernst & Young LLP.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, outlook, or discussion of risks and contingencies. It confirms that the appointment was not pursuant to any arrangement with other persons and that no family relationships requiring disclosure exist between Mr. Campbell and current directors or officers.
Investor Verification Checklist
- Verify the effective date of Mr. Campbell's tenure as CFO (January 23, 2023).
- Confirm the vesting schedule and terms of the $75,000 restricted stock unit award.
- Review the Company's annual proxy statement for details on the cash incentive program structure.
- Check subsequent filings for any changes to the executive leadership team or compensation policies.