Item 5.02 (e) Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
OnJanuary 18, 2023 , the Executive and Directors' Resources Committee ("Compensation Committee") of the Board of Directors ofCentral 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$525,000 . The Compensation Committee also approved payment of annual incentive bonus awards to each of the Company's executive officers in respect to their individual performance for the year endedDecember 31, 2022 . The annual incentive awards were made pursuant to the Company's Management Committee Incentive Plan for executive management.
The following awards, payable in cash and shares of
Shares of Common Total Value Cash Component Stock James J. Kim, President and Chief Executive Officer$ 251,696 $ 125,844 5,942
$ 49,593 $ 45,738 182Blaine C. Lauhon , Executive Vice President, Chief Banking Officer$ 110,558 $ 93,974 783A. Kenneth Ramos , Executive Vice President, Market Executive$ 98,223 $ 83,482 696Patrick A. Luis , Executive Vice President and Chief Credit Officer$ 113,299 $ 96,313 802
(1) Crusinberry cash component also includes incentive for her position as Controller
The Committee also approved increases in the annual base salaries of the
Company's executive officers. The Committee approved the following base
salaries effective as of
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 andChief 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 hereunto duly authorized.
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