8-K
filed October 23, 2023, 7:59 PM ET
CIK 0001058867
leadership
confidence high
sentiment neutral
materiality 0.50
Guaranty Bancshares CFO Cappy Payne to retire March 2024; Shalene Jacobson named successor effective Dec 29, 2023
GUARANTY BANCSHARES INC /TX/
- Clifton A. 'Cappy' Payne retires after 40 years; steps down as CFO on Dec 29, 2023 and from board on Dec 31, 2023.
- Shalene Jacobson, current EVP & CFO of Guaranty Bank & Trust, becomes Company CFO effective Dec 29, 2023.
- Succession planned for two years; Jacobson and Payne worked side-by-side as CFOs of Company and Bank during transition.
- Payne will remain an employee until his retirement date of March 31, 2024.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Clifton A. Payne departed as Chief Financial Officer at GUARANTY BANCSHARES INC /TX/.
- Action
- step down
- Role
- Chief Financial Officer
Exact text from the filing
Mr. Payne will step down from his role as Chief Financial Officer (“CFO”) effective December 29, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Shalene Jacobson was appointed as Chief Financial Officer at GUARANTY BANCSHARES INC /TX/.
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
The Company has appointed Shalene Jacobson to become the Company’s next CFO, effective upon Mr. Payne’s retirement on December 29, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Clifton A. Payne departed as Director at GUARANTY BANCSHARES INC /TX/.
- Action
- retire
- Role
- Director
Exact text from the filing
Mr. Payne will also retire from the Company’s board of directors effective December 31, 2023.
View on SEC.gov
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