HERITAGE COMMERCE CORP (NASDAQ:HTBK) 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 Principal Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On March23, 2017, Keith A. Wilton was promoted to President and
Chief Operating Officer of Heritage Bank of Commerce, the banking
subsidiary of Heritage Commerce Corp (the Company), effective as
of April 1, 2017.
On March 23, 2017, the Board of Directors of the Company upon
recommendation of its Compensation Committee approved increases
in the salaries of the Companys executive officers as follows:
|
Name |
|
Prior Salary |
|
New Salary |
|
||
|
|
|
|
|
|
|||
|
Walter T. Kaczmarek Chief Executive Officer and President |
$ |
440,000 |
$ |
480,000 |
|||
|
Lawrence D. McGovern Executive Vice President and Chief |
$ |
285,574 |
$ |
296,574 |
|||
|
Michael Benito Executive Vice President/Banking Division |
$ |
265,852 |
$ |
273,852 |
|||
|
David Porter Executive Vice President and Chief Credit |
$ |
281,843 |
$ |
290,843 |
|||
|
Keith Wilton President and Chief Operating Officer of |
$ |
323,000 |
$ |
348,000 |
The new salaries take effect April1, 2017.
Item 8.01 Other Events.
The Company will hold its Annual Shareholders Meeting at 1:00
p.m., Pacific Daylight Time on Thursday, May25, 2017 at the
Companys Offices, located at 150 Almaden Boulevard, San Jose,
California, 95113. The record date of the meeting is April3,
2017.
About HERITAGE COMMERCE CORP (NASDAQ:HTBK)
Heritage Commerce Corp is a bank holding company. The Company, through its subsidiary Heritage Bank of Commerce (the Bank), provides a range of banking services. The Bank is a California state-chartered multi-community independent bank that offers a range of commercial banking services to small and medium-sized businesses and their owners, managers and employees. The Company offers a multitude of other products and services to complement its lending and deposit services. These include cashier’s checks, traveler’s checks, bank-by-mail, automated teller machines (ATMs), night depositories, safe deposit boxes, direct deposit, automated payroll services, electronic funds transfers, online banking, online bill pay, homeowner association services and other customary banking services. In addition to the traditional financial services offered, the Bank offers remote deposit capture, automated clearing house origination, electronic data interchange and check imaging. HERITAGE COMMERCE CORP (NASDAQ:HTBK) Recent Trading Information
HERITAGE COMMERCE CORP (NASDAQ:HTBK) closed its last trading session up +0.10 at 13.56 with 94,643 shares trading hands.
