0001127371-15-000010.txt : 20150130 0001127371-15-000010.hdr.sgml : 20150130 20150129174739 ACCESSION NUMBER: 0001127371-15-000010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150128 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20150130 DATE AS OF CHANGE: 20150129 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: 15560140 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 a8k2015officersalaryincent.htm 8-K OFFICER COMPENSATION 8K 2015 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 28, 2015
 
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 28, 2015, 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 President, James M. Ford.  Mr. Ford’s salary for 2015 will increase to $309,000. 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, 2014.  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 2014 Proxy Statement.
 
The following awards were granted:
 
Daniel J. Doyle, CEO
$
176,000

James M. Ford, President
$
99,165

David A. Kinross, Executive Vice President and CFO
$
32,564

Gary Quisenberry, Executive Vice President, Commercial and Business Banking
$
37,632

Lydia Shaw, Executive Vice President, Community Banking
$
31,143

Thomas L. Sommer, Executive Vice President, Chief Credit Officer
$
31,358

 
The Committee also approved increases in the annual base salaries of the Company’s executive officers.  The Committee approved the following base salaries effective as of February 1, 2015:
 
David A. Kinross, Executive Vice President and CFO
$
203,000

Gary Quisenberry, Executive Vice President, Commercial and Business Banking
$
210,000

Lydia Shaw, Executive Vice President, Community Banking
$
183,000

Thomas L. Sommer, Executive Vice President, Chief Credit Officer
$
203,000

 
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:
January 29, 2015
CENTRAL VALLEY COMMUNITY BANCORP

By:  /s/ David A. Kinross                   
     David A.. Kinross
     Executive Vice President and Chief Financial Officer
 
 
              (Principal Accounting Officer)