Item 5.02 (e) Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
OnJanuary 20, 2021 , 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 M. Ford .Mr. Ford's salary for 2021 will increase to$374,000 . The Compensation Committee also approved payment of annual incentive bonus awards to each of the Company's executive officers in respect to their individual performance for the year endedDecember 31, 2020 . The annual incentive awards were made pursuant to the Company's Management Committee Incentive Plan for executive management.
The following awards, payable in cash and shares of
Cash Shares of Common Total Value Component Stock James M. Ford, President and Chief Executive Officer$ 183,019 $ 91,509 6,146David A. Kinross , Executive Vice President and Chief Financial Officer$ 78,834 $ 67,009 794James J. Kim , Executive Vice President and Chief Operating Officer$ 80,641 $ 68,545 812Blaine C. Lauhon , Executive Vice President, Market Executive$ 56,454 $ 47,986 569 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 ofFebruary 21, 2021 : David A. Kinross, Executive Vice President and Chief Financial Officer$ 246,000 James J. Kim, Executive Vice President and Chief Operating Officer$ 251,638 Blaine C. Lauhon , Executive Vice President, Market Executive
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.
Dated: January 22, 2021 CENTRAL VALLEY COMMUNITY BANCORP By: /s/ David A. Kinross David A. Kinross Executive Vice
President and Chief Financial Officer
(Principal
Accounting Officer)
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