secwatch.observer — SEC 8-K summary
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Issuer:     COLONY BANKCORP INC (CBAN)
CIK:        0000711669
Form:       8-K
Filed at:   2022-04-15T23:59:59+00:00
Accession:  0000711669-22-000075
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711669/000071166922000075/0000711669-22-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711669/000071166922000075/cban-20220415.htm
  HTML page:      https://secwatch.observer/filing/0000711669-22-000075

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer