CENTRAL VALLEY COMMUNITY BANCORP : Change in Directors or Principal Officers (form 8-K) | Aici

Item 5.02 (e) Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensation Arrangements for Certain Officers.

On January 18, 2023, the Executive and Directors' Resources Committee
("Compensation Committee") of the Board of Directors of Central Valley Community
Bancorp (the "Company"), approved the base salary of the Company's President and
Chief Executive Officer, James J. Kim.  Mr. Kim's salary for 2023 will be
$525,000. The Compensation Committee also approved payment of annual incentive
bonus awards to each of the Company's executive officers in respect to their
individual performance for the year ended December 31, 2022.  The annual
incentive awards were made pursuant to the Company's Management Committee
Incentive Plan for executive management.

The following awards, paid in cash and shares of Central Valley Community Bancorp stock price common stock, was issued:

                                                                                                         Shares of Common
                                                          Total Value           Cash Component                Stock
James J. Kim, President and Chief Executive Officer     $    251,696          $       125,844                     5,942

Dawn P. CrusinberryExecutive Vice President and Chief Financial Officer (1)

                                   $     49,593          $        45,738                       182
Blaine C. Lauhon, Executive Vice President, Chief
Banking Officer                                         $    110,558          $        93,974                       783
A. Kenneth Ramos, Executive Vice President, Market
Executive                                               $     98,223          $        83,482                       696
Patrick A. Luis, Executive Vice President and Chief
Credit Officer                                          $    113,299          $        96,313                       802

(1) Part of Crusinberry’s remuneration includes incentives for his position as Administrator

The Committee also approved an increase in the annual salaries of the Company’s senior executives. The Committee has approved the following salary base effective from February 19, 2023:

Blaine C. Lauhon, Executive Vice President, Chief Banking Officer    $ 270,000
A. Kenneth Ramos, Executive Vice President, Market Executive         $ 235,000
Patrick A. Luis, Executive Vice President and Chief Credit Officer   $ 265,000

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned duly authorized.

© Edgar Online, source Captions