0000711669FALSE00007116692023-08-012023-08-01
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 1, 2023
COLONY BANKCORP, INC.
(Exact name of registrant as specified in its charter)
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| Georgia |
000-12436 |
58-1492391 |
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(Commission File Number) |
(IRS Employer Identification No.) |
115 South Grant Street, Fitzgerald, Georgia 31750
(Address of principal executive offices) (Zip Code)
(229) 426-6000
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Trading Symbol(s) |
Name of each exchange on which registered |
| Common stock, par value $1.00 per share |
CBAN |
The NASDAQ Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective as of August 1, 2023, Brian D. Schmitt retired from his role as Executive Vice Chairman of Colony Bankcorp, Inc. (the “Company”) and its wholly owned banking subsidiary, Colony Bank. Mr. Schmitt, who will remain on the Board of Directors of the Company and Colony Bank, has served as Executive Vice Chairman of the Company since the merger of the Company and SouthCrest Bank in August 2021.
The Employment Agreement between the Company and Mr. Schmitt dated as of July 30, 2021 expired by its terms on August 1, 2023.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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COLONY BANKCORP, INC. |
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| Date: August 2, 2023 |
By: |
/s/ T. Heath Fountain |
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T. Heath Fountain |
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Chief Executive Officer and Acting Chief Financial Officer |
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