SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 16, 2011
CENTRAL VALLEY COMMUNITY BANCORP
(Exact Name of Registrant as Specified in Charter)
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California |
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000-31977 |
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77-0539125 |
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(State or Other |
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(Commission File Number) |
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(IRS Employer |
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Jurisdiction of Incorporation) |
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Identification No.) |
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7100 N. Financial Dr., Fresno, California |
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93612 |
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(Address of Principal Executive Offices) |
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(Zip Code) |
Registrant’s telephone number, including area code: (559) 298-1775
(Former Name or Former Address, if Changed Since Last Report) Not Applicable
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 (e) Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
On February 16, 2011, the Board of Directors of Central Valley Community Bancorp (the “Company”), at the recommendation of the Executive and Directors’ Resources Committee (“Compensation Committee”), approved the base salary of the Company’s Chief Executive Officer, Daniel J. Doyle. Mr. Doyle’s salary for 2011 will remain the same as it has been for the past four year at $295,000. The Compensation Committee also recommended and the Board approved payment of his annual incentive bonus award in respect to performance for the year ended December 31, 2010. The annual incentive award was made pursuant to Mr. Doyle’s Employment Contract as disclosed in the Company’s 2010 Proxy Statement. Mr. Doyle’s incentive bonus award was $153,750.
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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Central Valley Community Bancorp |
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Date: February 18, 2011 |
By: /s/ Daniel J. Doyle |
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Name: Daniel J. Doyle |
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Title: President and Chief Executive Officer (principal executive officer) |