SEC Filing Summary: Central Valley Community Bancorp (Form 8-K)
Business Context and Reporting Period
This Form 8-K was filed by Central Valley Community Bancorp on January 18, 2017. The report addresses compensatory arrangements for executive officers related to performance during the fiscal year ended December 31, 2016.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. It focuses exclusively on the approval of annual incentive bonus awards.
Material Changes and Executive Compensation
On January 18, 2017, the Compensation Committee approved annual incentive bonuses under the Management Committee Incentive Plan. The specific awards granted are as follows:
- James M. Ford (President and CEO): $194,550
- David A. Kinross (EVP and CFO): $76,370
- Gary D. Quisenberry (EVP, Commercial and Business Banking): $73,815
- Lydia E. Shaw (EVP, Community Banking): $67,230
- Patrick J. Carman (EVP, Chief Credit Officer): $66,000
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of risks and contingencies beyond the standard disclosure of the compensation event.
Key Facts for Investor Verification
- Verify the total aggregate cost of the approved bonuses against the company's annual financial statements.
- Confirm the performance metrics used to calculate the 2016 incentive awards.
- Note that the filing date (January 18, 2017) precedes the signature date (January 23, 2017) by five days.