secwatch.observer — SEC 8-K summary
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Issuer:     COLONY BANKCORP INC (CBAN)
CIK:        0000711669
Form:       8-K
Filed at:   2022-09-13T23:59:59+00:00
Accession:  0000711669-22-000163
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Colony Bankcorp appoints D. Copeland as President; separates CEO/President roles; Hoyle to retire
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- R. Dallis Copeland Jr. named President effective Sept 13, 2022; Heath Fountain remains CEO.
- Eddie Hoyle (EVP & Chief Banking Officer) retiring Dec 31, 2022; to serve as special advisor from Jan 1, 2023, with new 2-year contract at $120k salary.
- Copeland's employment agreement: 2-year term, base salary $350k, bonus opportunity, severance including change-in-control.
- Kimberly Dockery appointed Chief of Staff (new role), overseeing HR, tech, innovation, acting as CEO proxy.
- Hoyle's previous employment agreement terminated; new agreement with reduced role and compensation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711669/000071166922000163/0000711669-22-000163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711669/000071166922000163/cban-20220909.htm
  HTML page:      https://secwatch.observer/filing/0000711669-22-000163

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