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| CVCY > SEC Filings for CVCY > Form 8-K on 22-Jan-2013 | All Recent SEC Filings |
22-Jan-2013
Change in Directors or Principal 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
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