Business Context and Reporting Period
This Form 8-K Current Report was filed by The Bancorp, Inc. on January 27, 2014. The filing addresses a corporate governance event regarding the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the appointment of a new Director to the Board of Directors, effective immediately on January 27, 2014.
Management Commentary and Governance
- New Appointment: Hersh Kozlov was named a Director.
- Professional Background: Mr. Kozlov is a partner at Duane Morris LLP (since 2009) and previously at Wolf, Block, Schorr and Solis-Cohen LLP (2001-2009).
- Experience: He possesses over 30 years of legal experience representing banks, insurance companies, and financial institutions.
- Public Service: He served as a presidential appointee to the National Advisory Committee for Trade Policy and Negotiations from 2002 to 2004.
- Board Experience: He has been a director of Resource America, Inc. since 2007 and previously served on the boards of Jeff Banks, Inc., TRM Corporation, Hudson United Bank, US Healthcare Life Insurance Company, and Princeton Insurance Company.
Investor Verification Checklist
- Confirm the effective date of Hersh Kozlov's directorship (January 27, 2014).
- Verify Mr. Kozlov's current role at Duane Morris LLP and his prior board affiliations.
- Review the company's proxy statement or subsequent filings for details on committee assignments for the new director.