---
schema_version: "secwatch.filing_event.v1"
accession: "0001419536-21-000220"
form_type: "8-K"
ticker: "CBNK"
cik: "0001419536"
company_name: "Capital Bancorp Inc"
filed_at: "2021-12-27T23:59:59+00:00"
generated_at: "2026-06-27T22:17:30.176589+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001419536-21-000220
- form_type: 8-K
- ticker: CBNK
- cik: 0001419536
- company_name: Capital Bancorp Inc
- filed_at: 2021-12-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1419536/000141953621000220/0001419536-21-000220-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1419536/000141953621000220/cbnk-20211220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001419536-21-000220
- JSON: https://secwatch.observer/filing/0001419536-21-000220.json
- Plain text: https://secwatch.observer/filing/0001419536-21-000220.txt

## Key facts
- Executive change
  Jerome R. Bailey was appointed as Director at Capital Bancorp Inc.
  - Action: appointed
  - Role: Director
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419536/000141953621000220/0001419536-21-000220-index.htm
- Executive change
  Stephen N. Ashman retired as Director at Capital Bancorp Inc.
  - Action: retired
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419536/000141953621000220/0001419536-21-000220-index.htm

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