secwatch.observer — SEC 8-K summary
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Issuer:     COLONY BANKCORP INC (CBAN)
CIK:        0000711669
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0000711669-23-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Colony Bankcorp Q4 net income $5.6M; CFO resigns; director dies
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- Net income $5.6M ($0.31 diluted EPS) vs $4.2M ($0.30) in Q4 2021.
- Declared $0.11 quarterly dividend payable Feb 23, record Feb 9.
- CFO Andy Borrmann resigns effective Jan 24; receives one-year salary severance.
- CEO Heath Fountain named interim CFO; Derek Shelnutt acting CFO of bank.
- Director Terry Hester passed away Jan 22; $11.5M remains under buyback program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711669/000071166923000004/0000711669-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711669/000071166923000004/cban-20230126.htm
  HTML page:      https://secwatch.observer/filing/0000711669-23-000004

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