Capital Bancorp board: Stephen Ashman retires Dec 31; Jerome Bailey appointed director

Capital Bancorp Inc

Stephen N. Ashman to retire from Capital Bancorp and Capital Bank boards effective Dec 31, 2021.
Board awarded Ashman a one-time $200,000 bonus; he forfeited all unexercised stock options.
Jerome R. Bailey appointed as Class III director effective Dec 31, 2021, filling the vacancy.
Bailey, age 45, is managing member of Bailey Real Estate Holdings and was Vice Chairman of the Bank board.
Bailey is considered independent and an underrepresented minority under NASDAQ rules.

item 5.02 item 7.01 item 9.01

Executive movements

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

Appointed

Jerome R. Bailey

Director

CBNK · Capital Bancorp Inc

Effective: 2021-12-31
Filed: December 27, 2021, 6:59 PM ET

the Board of Directors of the Company, upon the recommendation of its Nominating and Corporate Governance Committee, approved the appointment of Jerome R. Bailey as a Class III director on the Company’s Board of Directors, effective as of December 31, 2021

Departed

Stephen N. Ashman

Director

CBNK · Capital Bancorp Inc

Effective: 2021-12-31
Successor: Jerome R. Bailey
Filed: December 27, 2021, 6:59 PM ET

Stephen N. Ashman provided notice of his intention to retire from the Boards of Directors of Capital Bancorp, Inc. (the “Company”) and its wholly-owned subsidiary, Capital Bank, N.A. (the “Bank”), as well as from any committees of such Boards of Directors on which he serves, effective December 31, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jerome R. Bailey was appointed as Director at Capital Bancorp Inc.

Action: appointed
Role: Director

Exact text from the filing

the Board of Directors of the Company, upon the recommendation of its Nominating and Corporate Governance Committee, approved the appointment of Jerome R. Bailey as a Class III director on the Company’s Board of Directors, effective as of December 31, 2021

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen N. Ashman retired as Director at Capital Bancorp Inc.

Action: retired
Role: Director

Exact text from the filing

Stephen N. Ashman provided notice of his intention to retire from the Boards of Directors of Capital Bancorp, Inc. (the “Company”) and its wholly-owned subsidiary, Capital Bank, N.A. (the “Bank”), as well as from any committees of such Boards of Directors on which he serves, effective December 31, 2021.

View on SEC.gov

Capital Bancorp Inc filing history →

Source: SEC EDGAR

accession 0001419536-21-000220

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