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CBAN > SEC Filings for CBAN > Form 8-K on 6-Sep-2013All Recent SEC Filings

Show all filings for COLONY BANKCORP INC



Change in Directors or Principal Officers

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.

(e) The Independent Directors Compensation Committee of Colony Bankcorp, Inc. ("the Company") has approved salaries, bonus awards,and stock grant awards for certain of its named executive officers. The following table shows the approved corporation salaries and awards.

                                            2013 Base         2013 Base         2013 Bonus        Stock Grant
Name                                       Salary ($)       Salary ($)(1)       Awards ($)         Awards (#)
Edward P. Loomis, Jr.                      $    245000     $        252500                 -                  -
President and CEO
Colony Bankcorp, Inc.

Terry L. Hester                                 182550              192550                 -                  -
Colony Bankcorp, Inc.

Henry F. Brown, Jr.                             125000              129000                 -                  -
Chief Credit Officer and
Senior Credit Administrator
Colony Bank

Lee Northcutt                                   148000              152500                 -                  -
Regional Market Executive
Eastern Division
Colony Bank

Eddie Hoyle, Jr.                                150000              154500                 -                  -
Regional Market Executive
Western Division
Colony Bank

(1) Compensation Committee approved base salary adjustments for its named executive officers to be effective with the September 12, 2013 payroll run. The committee indicated at year end 2012 that they would assess company performance in mid-year 2013 for review of any base salary adjustments.

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