0001127371-13-000004.txt : 20130122 0001127371-13-000004.hdr.sgml : 20130121 20130122120028 ACCESSION NUMBER: 0001127371-13-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130116 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20130122 DATE AS OF CHANGE: 20130122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL VALLEY COMMUNITY BANCORP CENTRAL INDEX KEY: 0001127371 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 770539125 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-31977 FILM NUMBER: 13539594 BUSINESS ADDRESS: STREET 1: 7100 N. FINANCIAL DRIVE, #101 CITY: FRESNO STATE: CA ZIP: 93720 BUSINESS PHONE: 559-323-3433 MAIL ADDRESS: STREET 1: 7100 N. FINANCIAL DRIVE, #101 CITY: FRESNO STATE: CA ZIP: 93720 8-K 1 a8k2013officersalaryincent.htm CVCY 8-K 1/16/2013 8K 2013 Officer Salary & Incentive



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported): January 16, 2013
 
CENTRAL VALLEY COMMUNITY BANCORP
(Exact Name of Registrant as Specified in Charter)
 
California
000-31977
77-0539125
(State or Other
Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
 
7100 N. Financial Dr., Suite 101, Fresno, CA
 
93720
(Address of Principal Executive Offices)
 
(Zip Code)
 
Registrant’s telephone number, including area code: (559) 298-1775
 
(Former Name or Former Address, if Changed Since Last Report) Not Applicable
 
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





Item 5.02 (e) Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
 
On January 16, 2013, the Executive and Directors’ Resources Committee (“Compensation Committee”) of the Board of Directors of Central Valley Community Bancorp (the “Company”), approved the base salary of the Company’s Chief Executive Officer, Daniel J. Doyle.  Mr. Doyle’s salary for 2013 will increase to $315,000. The Compensation Committee also approved payment of annual incentive bonus awards to each of the Company’s executive officers in respect to their individual performance for the year ended December 31, 2012.  The annual incentive awards were made pursuant to the Company’s Senior Management Incentive Plan for senior management and pursuant to the Employment Contract for the President and Chief Executive Officer as disclosed in the Company’s 2012 Proxy Statement.
 
The following awards were granted:
 
Daniel J. Doyle, President and CEO
$
190,000

David A. Kinross, Senior Vice President and CFO
$
65,687

Gary Quisenberry, Senior Vice President, Commercial and Business Banking
$
60,149

Lydia Shaw, Senior Vice President, Consumer and Retail Banking
$
53,764

Thomas L. Sommer, Senior Vice President, Credit Administrator
$
57,955

 
The Committee also approved increases in the annual base salaries of the Company’s executive officers.  The Committee approved the following base salaries effective to February 1, 2013:
 
David A. Kinross, Senior Vice President and CFO
$
191,000

Gary Quisenberry, Senior Vice President, Commercial and Business Banking
$
197,800

Lydia Shaw, Senior Vice President, Consumer and Retail Banking
$
170,000

Thomas L. Sommer, Senior Vice President, Credit Administrator
$
191,000

 
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 hereunto duly authorized.
 
Dated:
1/22/2013
CENTRAL VALLEY COMMUNITY BANCORP

By:  /s/ Daniel J. Doyle                   
     Daniel J. Doyle
     President and Chief Executive Officer (Principal Executive Officer)