8-K filed October 20, 2021, 7:59 PM ET ticker TBBK CIK 0001295401

leadership confidence high sentiment neutral materiality 0.60

Bancorp Chairman Cohen retires Oct 31; McEntee named Chair; Creuzot appointed director; $60M buyback

Bancorp, Inc.

Daniel G. Cohen resigns as Chairman and employee effective Oct 31, 2021; receives $600K retirement bonus and accelerated RSU vesting.
James J. McEntee III appointed Chairman effective Nov 1, 2021; Cheryl Creuzot appointed to Board same date.
Director John C. Chrystal resigns effective Feb 28, 2022; no disagreement cited.
Board authorized $15M per quarter stock repurchase for FY2022, up to $60M total.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Daniel G. Cohen

Chairman of the Board

TBBK · Bancorp, Inc.

Effective: 2021-10-31
Successor: James J. McEntee III
Filed: October 20, 2021, 7:59 PM ET

On October 20, 2021, the Board received notification from director Daniel G. Cohen of his plan to simultaneously retire from the Board and the Company effective October 31, 2021, thereby terminating his employment, his directorship and his role as Chairman of the Board.

Departed

John C. Chrystal

director

TBBK · Bancorp, Inc.

Effective: 2022-02-28
Filed: October 20, 2021, 7:59 PM ET

Also on October 20, 2021, the Board received notification from director John C. Chrystal of his plan to resign from his role as a director of the Company, effective February 28, 2022.

Appointed

James J. McEntee III

Chairman

TBBK · Bancorp, Inc.

Effective: 2021-11-01
Filed: October 20, 2021, 7:59 PM ET

The Company’s Board of Directors has appointed director James J. McEntee III to succeed Mr. Cohen as its new Chairman, effective November 1, 2021.

Appointed

Cheryl Creuzot

director

TBBK · Bancorp, Inc.

Effective: 2021-11-01
Filed: October 20, 2021, 7:59 PM ET

On October 20, 2021 the Board named Cheryl Creuzot as a director of the Company, to be effective on November 1, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel G. Cohen retired as Chairman of the Board at Bancorp, Inc..

Action: retired
Role: Chairman of the Board

Exact text from the filing

On October 20, 2021, the Board received notification from director Daniel G. Cohen of his plan to simultaneously retire from the Board and the Company effective October 31, 2021, thereby terminating his employment, his directorship and his role as Chairman of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John C. Chrystal resigned as director at Bancorp, Inc..

Action: resigned
Role: director

Exact text from the filing

Also on October 20, 2021, the Board received notification from director John C. Chrystal of his plan to resign from his role as a director of the Company, effective February 28, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

James J. McEntee III was appointed as Chairman at Bancorp, Inc..

Action: appointed
Role: Chairman

Exact text from the filing

The Company’s Board of Directors has appointed director James J. McEntee III to succeed Mr. Cohen as its new Chairman, effective November 1, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Cheryl Creuzot was appointed as director at Bancorp, Inc..

Action: appointed
Role: director

Exact text from the filing

On October 20, 2021 the Board named Cheryl Creuzot as a director of the Company, to be effective on November 1, 2021.

View on SEC.gov

Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0000950159-21-000305

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