Business Context and Reporting Period
This Form 8-K Current Report was filed by Central Valley Community Bancorp (the "Company") on April 13, 2022. The Company is the parent holding company of Central Valley Community Bank. The filing reports on a specific corporate governance event rather than a financial reporting period.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report contains no financial statements or pro forma financial information.
Material Changes
The material change reported is the appointment of a new principal officer:
- Position: Executive Vice President, Market Executive.
- Appointee: Jeff M. Martin.
- Effective Date: April 18, 2022.
- Responsibilities: Leading the Bank's Northern region, encompassing Greater Sacramento, San Joaquin, Stanislaus, and Merced Counties.
- Compensation: Initial annual base salary of $215,000, plus eligibility for executive management incentive plans, benefits, and perquisites.
- Background: Mr. Martin joins from a California community bank where he served as regional president covering a similar territory.
Guidance, Outlook, and Risks
The filing does not contain guidance, outlook, management commentary on financial performance, or specific risk factors. The document focuses solely on the personnel appointment and includes a press release as Exhibit 99.1.
Investor Verification Checklist
- Verify the effective start date of Jeff M. Martin's role (April 18, 2022).
- Confirm the specific geographic scope of the Northern region under Mr. Martin's leadership.
- Review the full press release (Exhibit 99.1) for additional details on Mr. Martin's prior experience and the strategic rationale for the appointment.
- Note that this filing does not impact the Company's financial statements or capital structure.