secwatch.observer — SEC 8-K summary
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Issuer:     Capital Bancorp Inc (CBNK)
CIK:        0001419536
Form:       8-K
Filed at:   2022-10-11T23:59:59+00:00
Accession:  0001419536-22-000098
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capital Bancorp names Steven Poynot COO; Karl Dicker moves to lead OpenSky & Fintech
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- Steven M. Poynot appointed COO of Capital Bank effective Oct 11, 2022; replaces Karl Dicker.
- Poynot previously EVP/COO at F&M Trust; 17 years at Howard Bank in CIO, credit, and strategy roles.
- Employment agreement: $350k base salary, up to 45% cash bonus, 2,000 stock options + 2,000 RSUs, $500/mo car allowance.
- Severance: 18 months base salary plus medical continuation if terminated without cause or resigns for good reason.
- Karl Dicker transitions to President of OpenSky & Fintech; no new compensation arrangement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419536/000141953622000098/0001419536-22-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419536/000141953622000098/cbnk-20221011.htm
  HTML page:      https://secwatch.observer/filing/0001419536-22-000098

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