Business Context and Reporting Period
Company: Community Bancorp.
Filing Type: Form 8-K (Current Report)
Date of Report: December 12, 2024
Reporting Period: Events occurring on December 12, 2024, and December 17, 2024.
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue, profit, cash flow, margin, debt, or liquidity metrics. The only financial data disclosed is related to a dividend declaration.
- Quarterly Cash Dividend: $0.24 per share.
- Record Date: January 15, 2025.
- Payment Date: February 1, 2025.
Material Changes
The filing reports two material corporate governance and shareholder events:
- Dividend Declaration: The Board of Directors declared a quarterly cash dividend of $0.24 per share on December 17, 2024.
- Board Appointment: On December 12, 2024, the Boards of Community Bancorp. and its subsidiary, Community National Bank, unanimously appointed Wayne Lamberton as a director, effective January 1, 2025.
Guidance, Outlook, and Management Commentary
The filing contains no forward-looking guidance, financial outlook, or management commentary regarding future performance. It does not disclose specific risks, contingencies, or unusual items beyond the standard corporate events reported.
Director Background: Wayne Lamberton, age 58, is a central Vermont native with a background in the U.S. Army and real estate development (Superior Development). He will serve on the Corporate Governance Committee and Risk Management Committee.
Investor Verification Checklist
- Verify the dividend payment date of February 1, 2025, and the record date of January 15, 2025.
- Confirm the effective date of Wayne Lamberton's board appointment (January 1, 2025).
- Review the attached press release (Exhibit 99.1) for additional context on the dividend declaration.
- Note that this 8-K does not provide updated financial performance data; refer to the most recent 10-Q or 10-K for revenue and liquidity metrics.