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AI brief of an SEC Form 8-K · ServisFirst Bancshares (SFBS)

ServisFirst Bancshares names David Sparacio CFO, effective March 10, 2025

Neutral Impact 4 of 5 leadership Written later

ServisFirst Bancshares announced that David Sparacio will become Executive Vice President and Chief Financial Officer of ServisFirst Bank on March 10, 2025. Ed Woodie, who had served as interim CFO, will remain Senior Vice President and Controller and will no longer hold the interim CFO role on that date.

Key points

  • David Sparacio, 54, previously served as Executive Vice President and Corporate Controller at Ameris Bank from October 2021.
  • Base salary of $350,000, a $25,000 cash signing bonus repayable if employment ends within 24 months, and an award of 5,000 restricted shares vesting in full in five years.
  • Change in Control Agreement provides severance of 2 times base salary plus average cash bonus over the prior three years if terminated without Cause or for Good Reason during a two-year protected period.

The filing

CompanyServisFirst Bancshares (SFBS)
Form8-K, current report
Filed with the SECFeb 19, 2025, 4:12 PM ET
Accession number0001171843-25-000922

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 19, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.