Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officer
(c) On January 23, 2023, Investar Holding Corporation (the "Company")
announced the appointment of John R. Campbell as Executive Vice President and
Chief Financial Officer of the Company and its wholly-owned subsidiary Investar
Bank, National Association effective immediately.
Mr. Campbell, age 56, previously served as the Director of Accounting and
Corporate Controller for Laitram LLC, a global manufacturing company, since
2005. Prior to joining Laitram LLC, Mr. Campbell served in corporate treasury,
accounting and financial reporting, portfolio management, and lending roles for
Hibernia National Bank for over ten years. Mr. Campbell also spent four years as
an auditor with Ernst & Young LLP serving both public and privately-held
clients in a variety of industries, including financial services. He has a
Bachelor of Science in Finance from Louisiana State University and is a licensed
Certified Public Accountant.
Mr. Campbell's appointment as Chief Financial Officer was not pursuant to any
arrangement or understanding with respect to any other person. There are no
family relationships between Mr. Campbell and any director, executive officer or
other person that would require disclosure under Item 401(d) of Regulation S-K
under the Securities Act of 1933 ("Regulation S-K"). The Company has not engaged
in any transaction in which Mr. Campbell had a direct or indirect material
interest within the meaning of Item 404(a) of Regulation S-K.
Mr. Campbell's executive compensation package includes an annual base salary of
$300,000, eligibility to participate in the Company's annual cash incentive
program with a target annual award equal to $90,000, and eligibility to
participate in the Company's long-term incentive compensation program with an
initial award of restricted stock units with a grant date fair value of $75,000
that vests over 5 years. Mr. Campbell will also be eligible to participate in
the Company's defined contribution 401(k) plan and receive customary perquisite
and welfare benefits generally provided to executive officers.
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