SEC Filing Summary: Central Valley Community Bancorp (8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Central Valley Community Bancorp (CVCY) on April 30, 2021. The registrant is incorporated in California and its common stock trades on the NASDAQ. The report addresses corporate governance actions taken by the Board of Directors on the date of the report.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. Item 9.01 explicitly states that no financial statements or pro forma financial information are included in this report.
Material Changes
The primary material event reported is the execution of Change-in-Control Agreements on April 30, 2021. These agreements provide specific benefits to four executive officers in the event of a defined change of control. The affected officers are:
- James J. Kim, Executive Vice President and Chief Operating Officer
- David A. Kinross, Executive Vice President and Chief Financial Officer
- Blaine C. Lauhon, Executive Vice President, Market Executive
- A. Kenneth Ramos, Executive Vice President, Market Executive
Guidance, Outlook, and Risks
The filing contains no management commentary regarding future guidance, outlook, or general business risks. The only contingency disclosed relates to the potential payout of change-of-control benefits to the named executives should a qualifying transaction occur. The specific terms of these benefits are detailed in the attached Exhibit 99.1.
Key Facts for Investor Verification
- Verify the specific financial terms and vesting conditions of the Change-in-Control Agreements in Exhibit 99.1.
- Confirm whether these agreements represent a new policy or an update to existing executive compensation structures.
- Note that this filing contains no financial performance data; refer to the most recent 10-Q or 10-K for financial metrics.