secwatch.observer — SEC 8-K summary
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Issuer:     Bancorp, Inc. (TBBK)
CIK:        0001295401
Form:       8-K
Filed at:   2021-10-20T23:59:59+00:00
Accession:  0000950159-21-000305
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1295401/000095015921000305/0000950159-21-000305-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1295401/000095015921000305/bancorp8k.htm
  HTML page:      https://secwatch.observer/filing/0000950159-21-000305

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