Business Context and Reporting Period
This Form 8-K was filed by Central Valley Community Bancorp (trading symbol: CVCY) on January 20, 2021. The report details executive compensation adjustments and incentive awards approved by the Compensation Committee on the same date. Note: The request metadata lists "Community West Bancshares," but the filing text explicitly identifies the registrant as "Central Valley Community Bancorp."
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on executive compensation figures.
| Executive Officer | Role | 2021 Base Salary | 2020 Incentive Award (Total Value) | Cash Component | Stock Component (Shares) |
|---|---|---|---|---|---|
| James M. Ford | President and CEO | $374,000 | $183,019 | $91,509 | 6,146 |
| David A. Kinross | EVP and CFO | $246,000 (Effective Feb 21, 2021) | $78,834 | $67,009 | 794 |
| James J. Kim | EVP and COO | $251,638 (Effective Feb 21, 2021) | $80,641 | $68,545 | 812 |
| Blaine C. Lauhon | EVP, Market Executive | $209,000 (Effective Feb 21, 2021) | $56,454 | $47,986 | 569 |
Material Changes
- CEO Compensation: James M. Ford's base salary for 2021 was increased to $374,000.
- Executive Salary Increases: Base salaries for the CFO, COO, and Market Executive were approved for increase, effective February 21, 2021.
- Incentive Awards: Annual incentive awards for the fiscal year ended December 31, 2020, were granted to four executive officers, consisting of both cash and common stock.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, management commentary on business performance, or discussion of risks and contingencies. The document is strictly a disclosure of compensatory arrangements under Item 5.02(e).
Investor Verification Checklist
- Verify the correct registrant name is Central Valley Community Bancorp, not Community West Bancshares.
- Confirm the effective date of salary increases for the CFO, COO, and Market Executive is February 21, 2021.
- Review the Management Committee Incentive Plan to understand the performance metrics used to determine the 2020 incentive awards.
- Check subsequent filings for the actual issuance of the common stock shares awarded as part of the incentive plan.