Capital Bancorp appoints Jay Walker as CFO, effective June 26, 2023

Capital Bancorp Inc

Walker joins from Seacoast Bank (>$10B assets) where he was EVP, Treasurer & Head of Corporate Strategy.
Compensation: $350k base salary, up to 45% annual incentive (75% cash/25% stock), $100k sign-on bonus, 2,000 options + 2,000 RSUs.
Connie Egan steps down as Principal Financial & Accounting Officer but remains Chief Accounting Officer of the Bank.
Employment agreement initial term through Dec 31, 2026, with automatic one-year renewals.

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

Jennings 'Jay' Walker

Chief Financial Officer

CBNK · Capital Bancorp Inc

Effective: 2023-06-26
Filed: June 13, 2023, 7:59 PM ET

the Bank entered into an employment agreement, effective June 26, 2023 (the "Employment Agreement") with Jennings 'Jay' Walker as Chief Financial Officer.

Role change

Connie Egan

Principal Financial and Accounting Officer

CBNK · Capital Bancorp Inc

Effective: 2023-06-26
Filed: June 13, 2023, 7:59 PM ET

Effective June 26, 2023, Connie Egan will step down from the role of the Company's Principal Financial and Accounting Officer. Ms. Egan will continue to serve as the Chief Accounting Officer of the Bank.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Jennings 'Jay' Walker was appointed as Chief Financial Officer at Capital Bancorp Inc.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

the Bank entered into an employment agreement, effective June 26, 2023 (the "Employment Agreement") with Jennings 'Jay' Walker as Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Connie Egan changed role as Principal Financial and Accounting Officer at Capital Bancorp Inc.

Action: step down
Role: Principal Financial and Accounting Officer

Exact text from the filing

Effective June 26, 2023, Connie Egan will step down from the role of the Company's Principal Financial and Accounting Officer. Ms. Egan will continue to serve as the Chief Accounting Officer of the Bank.

View on SEC.gov

Capital Bancorp Inc filing history →

Source: SEC EDGAR

accession 0001419536-23-000097

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