UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
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ITEM 5.02 | Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On March 25, 2021, the Board of Directors of Heritage Commerce Corp (the “Company”), upon recommendation of its Compensation Committee, approved increases in salaries to the Company’s named executive officers as follows:
New | Percentage | |||||||
Name | Salary* | Increase | ||||||
Walter T. Kaczmarek President and Chief Executive Officer | $ | 721,000 | ** | |||||
Michael E. Benito Executive Vice President / Business Banking Manager of Heritage Bank of Commerce | $ | 320,124 | 5.0 | % | ||||
Margo G. Butsch Executive Vice President and Chief Credit Officer of Heritage Bank of Commerce | $ | 313,635 | 5.0 | % | ||||
Robertson Clay Jones Executive Vice President and President of Community Business Bank Group of Heritage Bank of Commerce | $ | 360,140 | 11.0 | % | ||||
Lawrence D. McGovern Executive Vice President and Chief Financial Officer | $ | 367,710 | 5.0 | % | ||||
*The new salaries take effect April 1, 2021 | ||||||||
** Mr. Kacmarek assumed the position of President and Chief Executive Officer on March 12, 2021. His salary was established on March 25, 2021. |
ITEM 8.01 | Other Events |
The Board of Directors has fixed the date of the 2021 Annual Meeting of Shareholders for May 27, 2021 with a record date of March 26, 2021.
Due to the public health impact of the coronavirus (COVID-19) outbreak and to support the health and well-being of our shareholders, this year’s Annual Meeting will be a completely virtual meeting of shareholders, which will be conducted online via live webcast. The Company’s shareholders will be able to attend the Annual Meeting by registering at register.proxypush.com/HTBK.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: March 30, 2021
Heritage Commerce Corp
By: | /s/ Lawrence D. McGovern | |
Name: Lawrence D. McGovern | ||
Executive Vice President and Chief Financial Officer |
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Cover |
Mar. 25, 2021 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Mar. 25, 2021 |
Entity File Number | 000-23877 |
Entity Registrant Name | HERITAGE COMMERCE CORP |
Entity Central Index Key | 0001053352 |
Entity Tax Identification Number | 77-0469558 |
Entity Incorporation, State or Country Code | CA |
Entity Address, Address Line One | 224 Airport Parkway |
Entity Address, City or Town | San Jose |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 95110 |
City Area Code | 408 |
Local Phone Number | 947-6900 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, No Par Value |
Trading Symbol | HTBK |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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