---
schema_version: "secwatch.filing_event.v1"
accession: "0000711669-24-000111"
form_type: "8-K"
ticker: "CBAN"
cik: "0000711669"
company_name: "COLONY BANKCORP INC"
filed_at: "2024-09-13T23:59:59+00:00"
generated_at: "2026-05-31T05:05:31.208136+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Colony Bankcorp enters new employment agreement with President Dallis Copeland; $365K salary

## Summary
- Two-year term effective Sept 13, 2024, replaces September 2022 agreement.
- Base salary of $365,000 per year with annual bonus opportunity based on performance goals.
- Change-in-control severance: 1.5x (base salary plus prior year bonus) in lump sum within 30 days.
- Non-change-in-control severance: 1x base salary paid over 12 months; subject to release and restrictive covenants.
- Non-compete and non-solicitation covenants apply during employment and for at least 12 months post-termination.

## SEC filing metadata
- accession: 0000711669-24-000111
- form_type: 8-K
- ticker: CBAN
- cik: 0000711669
- company_name: COLONY BANKCORP INC
- filed_at: 2024-09-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/711669/000071166924000111/0000711669-24-000111-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/711669/000071166924000111/cban-20240913.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000711669-24-000111
- JSON: https://secwatch.observer/filing/0000711669-24-000111.json
- Plain text: https://secwatch.observer/filing/0000711669-24-000111.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.