MidSouth Bancorp, Inc. (NASDAQ:MSLXP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
MidSouth Bancorp, Inc. (NASDAQ:MSLXP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 14, 2016, the Board of Directors of MidSouth Bancorp, Inc. (the “Company”) appointed Troy Cloutier, President and Chief Executive Officer of MidSouth Bank, to serve as a member of the Company’s Board of Directors, effective January 1, 2017. Mr. Cloutier will also be a member of the Company’s Executive Committee and will serve as an ex-officio member of the Company’s Risk Committee. He will fulfill the remainder of Will Charbonnet Sr.’s term, which expires in 2019, and will serve as a Class II Director. Mr. Charbonnet announced his retirement from the board, effective December 31, 2016, on September 19, 2016.
Mr. Cloutier was not selected for this position to any arrangement or understanding between him and any other person. There are no related party transactions (as defined in Item 404(a) of Regulation S-K) between the Company and Mr. Cloutier.
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