UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
Current Report
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 19, 2024, the Board of Directors (the “Board”) of The Bancorp, Inc. (the “Company”) received notification from director Michael J. Bradley of his intention to retire and resign from his role as a director of the Board, effective September 30, 2024, thereby terminating as of that date his directorship and his role as Chair of the Audit Committee of the Board (the “Audit Committee”). Mr. Bradley’s retirement and resignation are voluntary, and he was not removed or terminated from his positions. Further, Mr. Bradley’s retirement and resignation are not the result of any disagreement between Mr. Bradley and the Company, the Company’s management, or the Board or any committee thereof, on any matter relating to the Company’s operations, policies, or practices, or otherwise. The Company thanks Mr. Bradley for his many years of service and leadership. In light of Mr. Bradley’s retirement and resignation from the Board, the Board will reduce its size from ten (10) directors to nine (9) directors, effective October 1, 2024.
The Board has appointed director Mark E. Tryniski to succeed Mr. Bradley as Chair of the Audit Committee, effective October 1, 2024.
SIGNATURES
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.
| Date: July 24, 2024 | THE BANCORP, INC. | |
| By: | /s/ Paul Frenkiel | |
| Name: | Paul Frenkiel | |
| Title: | Chief Financial Officer and Secretary | |