Business Context and Reporting Period
This Form 8-K Current Report was filed by Origin Bancorp, Inc. on December 4, 2019. The registrant is a Louisiana corporation with its principal executive offices in Ruston, Louisiana. Its common stock trades on the Nasdaq Global Select Market under the symbol OBNK. The company is classified as an emerging growth company.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate governance changes rather than financial performance data.
Material Changes
The primary material change reported is the appointment of Stacey Goff to the Board of Directors of Origin Bancorp, Inc. and its wholly owned subsidiary, Origin Bank. This appointment is effective January 1, 2020. Mr. Goff will serve as a Class B director until the 2022 annual meeting of stockholders. This appointment increases the total number of directors on the Registrant's Board to twelve.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, or management commentary regarding future financial performance. There are no disclosed related party transactions or arrangements associated with Mr. Goff's appointment. He will receive compensation and indemnification protection consistent with other board members, as detailed in the company's 2019 Definitive Proxy Statement.
Investor Verification Checklist
- Verify the effective date of Stacey Goff's directorship (January 1, 2020).
- Confirm the total board size is now twelve members.
- Review the Definitive Proxy Statement filed on March 13, 2019, for details on director compensation and indemnification.
- Check for the press release dated December 9, 2019, referenced as Exhibit 99.1.