Community Trust Bancorp, Inc. (NASDAQ:CTBI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02 – DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
On February 26, 2019, Community Trust Bancorp, Inc.’s (“CTBI”) Board of Directors appointed Franklin H. Farris, Jr. as an independent director, effective immediately. The addition of Mr. Farris expands CTBI’s Board of Directors to eight members. Mr. Farris is expected to be named to the Audit and Asset Quality and Risk and Compliance Committees of the Board.
In connection with his service as a non-employee director, Mr. Farris will be compensated in accordance with CTBI’s standard compensation policies and practices for non-employee directors of the Board as described in CTBI’s Proxy Statement for its 2018 Annual Meeting of Shareholders filed with the Securities and Exchange Commission on March 19, 2018.
Mr. Farris does not have any family relationships with any of CTBI’s directors or executive officers, has no arrangements or understandings with any other person to which he was appointed a director, and is not a party to any of the transactions of the type listed in Item 404(a) of Regulation S-K.
A copy of CTBI’s press release announcing Mr. Farris’ appointment is attached hereto as Exhibit 99.1.
ITEM 9.01 – FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
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Exhibit No. |
Description |
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99.1 |
Press Release dated February 27, 2019 |
COMMUNITY TRUST BANCORP INC /KY/ Exhibit
EX-99.1 3 ctb8kelectionofdirectorex99.htm CTBI ELECTION OF DIRECTOR 8-K EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE February 27,…
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About Community Trust Bancorp, Inc. (NASDAQ:CTBI)
Community Trust Bancorp, Inc. (CTBI) is a bank holding company. The Company operates in the community banking services segment. The Company owns a commercial bank and a trust company, serving small and mid-sized communities in eastern, northeastern, central and south central Kentucky; southern West Virginia, and northeastern Tennessee. The commercial bank is Community Trust Bank, Inc., Pikeville, Kentucky (CTB) and the trust company is Community Trust and Investment Company. Through its subsidiaries, CTBI engages in a range of commercial and personal banking and trust and wealth management activities, which include accepting time and demand deposits; making secured and unsecured loans to corporations, individuals and others; providing cash management services to corporate and individual customers; issuing letters of credit; renting safe deposit boxes, and providing funds transfer services. Its lending activities include making commercial, construction, mortgage and personal loans.