---
schema_version: "secwatch.filing_event.v1"
accession: "0001419536-23-000097"
form_type: "8-K"
ticker: "CBNK"
cik: "0001419536"
company_name: "Capital Bancorp Inc"
filed_at: "2023-06-13T23:59:59+00:00"
generated_at: "2026-06-14T01:57:29.127457+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001419536-23-000097
- form_type: 8-K
- ticker: CBNK
- cik: 0001419536
- company_name: Capital Bancorp Inc
- filed_at: 2023-06-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1419536/000141953623000097/0001419536-23-000097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1419536/000141953623000097/cbnk-20230608.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001419536-23-000097
- JSON: https://secwatch.observer/filing/0001419536-23-000097.json
- Plain text: https://secwatch.observer/filing/0001419536-23-000097.txt

## Key facts
- Executive change
  Jennings 'Jay' Walker was appointed as Chief Financial Officer at Capital Bancorp Inc.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: the Bank entered into an employment agreement, effective June 26, 2023 (the "Employment Agreement") with Jennings 'Jay' Walker as Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419536/000141953623000097/0001419536-23-000097-index.htm
- Executive change
  Connie Egan changed role as Principal Financial and Accounting Officer at Capital Bancorp Inc.
  - Action: step down
  - Role: Principal Financial and Accounting Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419536/000141953623000097/0001419536-23-000097-index.htm

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