Colony Bankcorp CFO Tracie Youngblood to depart June 8; Andrew Borrmann named successor

COLONY BANKCORP INC

Tracie Youngblood, EVP and CFO, separating June 8, 2022; receives $235K lump sum severance plus other benefits.
Andrew Borrmann, current Chief Strategy Officer, appointed CFO effective June 8; previously CFO of SouthCrest before merger.
Severance includes acceleration of 7,000 RSUs and $40,333.56 deferred incentive awards payout.
Borrmann, age 51, has been with Colony since August 2021 merger; no related-party transactions.

item 5.02

Executive movements

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Departed

Tracie Youngblood

Chief Financial Officer

CBAN · COLONY BANKCORP INC

Effective: 2022-06-08
Successor: Andrew Borrmann
Filed: April 15, 2022, 7:59 PM ET

Ms. Youngblood, currently Executive Vice President and Chief Financial Officer of the Company and the Bank, will separate from employment with the Company and the Bank, effective as of June 8, 2022.

Appointed

Andrew Borrmann

Chief Financial Officer

CBAN · COLONY BANKCORP INC

Effective: 2022-06-08
Filed: April 15, 2022, 7:59 PM ET

The Company has selected Mr. Andrew Borrmann , the current Chief Strategy Officer of the Company and the Bank, as Ms. Youngblood’s successor, effective June 8, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Tracie Youngblood departed as Chief Financial Officer at COLONY BANKCORP INC.

Action: separated
Role: Chief Financial Officer

Exact text from the filing

Ms. Youngblood, currently Executive Vice President and Chief Financial Officer of the Company and the Bank, will separate from employment with the Company and the Bank, effective as of June 8, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew Borrmann was appointed as Chief Financial Officer at COLONY BANKCORP INC.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

The Company has selected Mr. Andrew Borrmann , the current Chief Strategy Officer of the Company and the Bank, as Ms. Youngblood’s successor, effective June 8, 2022.

View on SEC.gov

COLONY BANKCORP INC filing history →

Source: SEC EDGAR

accession 0000711669-22-000075

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