CEO Brian Reed was paid $545,710 in fiscal year 2024, ↓ down 31.6% from fiscal year 2023: executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
$545,710 ↓ Brian Reed total, FY2024 | — CEO pay percentile vs peers | — CEO-to-median pay ratio | — Say-on-pay support, latest vote |
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| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Brian Reed | $520,965 | $0 | $0 | $0 | $0 | $0 | $24,745 | $545,710 |
| President and Chief Executive Officer | ||||||||
| Genie Del Secco | 321,467 | 0 | 0 | 0 | 0 | 0 | 25,079 | 346,546 |
| Executive Vice President and Chief Operating Officer | ||||||||
| Brandy Seppi | 313,007 | 0 | 0 | 0 | 0 | 0 | 21,058 | 334,065 |
| Executive Vice President and Chief Lending Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2024 total | FY2023 total | FY2022 total | Δ FY2023→2024 |
|---|---|---|---|---|
| Brian Reed | $545,710 | $798,086 | — | ↓ −252,376 |
| Genie Del Secco | 346,546 | 490,969 | — | ↓ −144,423 |
| Brandy Seppi | 334,065 | 475,725 | — | ↓ −141,660 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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$545,710 Brian Reed total, FY2024
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Data as of April 9, 2025 · Source: Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).
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One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.
| Executive | Role | FY2024 total |
|---|---|---|
| Brandy Seppi | Executive | $334,065 |
| Brian Reed | CEO | $545,710 |
| Genie Del Secco | COO | $346,546 |
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2024 total |
|---|---|---|
| Belinda Guadarrama | Former director (through FY2024) | $37,600 |
| Dawn M. Ross | Chair of the Board | $59,200 |
| Douglas V. Reynolds | Independent Director | $34,750 |
| Frank Chong, Ed.D | Independent Director | $25,900 |
| James A. Finley | Independent Director | $27,400 |
| Jeffery B. Allen | Independent Director | $48,850 |
| John W. Wright | Independent Director | $66,300 |
| Marshall T. Reynolds | Independent Director | $29,100 |
| Nicholas J. Rado | Independent Director | $55,650 |
| Sharon S. Wright | Independent Director | $45,000 |
| Todd R. Fry | Independent Director | $49,350 |
No insider equity transactions reported since the proxy statement.
The Compensation Committee compares the salary range of each position to a peer group of banks and recommends salary adjustments when it is deemed appropriate.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Blanchard Consulting Group |
| Clawback policy | false |
| Anti-hedging | True |
| Anti-pledging | True |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| John W. WrightIndependent · Audit (Chair) · Loan · Asset-Liability Management and Investment · Compensation (Chair) · Enterprise Risk Management · Mergers & Acquisitions · Nominating | $66,300 | $0 | $0 | $0 | $0 | $66,300 |
| Dawn M. RossIndependent · Board Chair · Loan · Asset-Liability Management and Investment · Information Technology Steering · Executive (Chair) · Corporate Governance (Chair) · Nominating (Chair) · Compensation · Enterprise Risk Management (Chair) · Mergers & Acquisitions (Chair) | 59,200 | 0 | 0 | 0 | 0 | 59,200 |
| Nicholas J. RadoIndependent · Loan (Chair) · Compensation · Enterprise Risk Management · Nominating | 55,650 | 0 | 0 | 0 | 0 | 55,650 |
| Todd R. FryIndependent · Audit · Asset-Liability Management and Investment (Chair) · Executive · Enterprise Risk Management · Mergers & Acquisitions · Nominating | 49,350 | 0 | 0 | 0 | 0 | 49,350 |
| Jeffery B. AllenIndependent · Audit · Loan · Nominating · Compensation | 48,850 | 0 | 0 | 0 | 0 | 48,850 |
| Sharon S. WrightIndependent · Loan · Information Technology Steering (Chair) · Compensation · Enterprise Risk Management · Nominating | 45,000 | 0 | 0 | 0 | 0 | 45,000 |
| Belinda GuadarramaIndependent · Not standing for re-election · Departed during FY | 37,600 | 0 | 0 | 0 | 0 | 37,600 |
| Douglas V. ReynoldsIndependent · Loan · Nominating | 34,750 | 0 | 0 | 0 | 0 | 34,750 |
| Marshall T. ReynoldsIndependent · Executive · Corporate Governance · Nominating | 29,100 | 0 | 0 | 0 | 0 | 29,100 |
| James A. FinleyIndependent · Audit · Nominating · Newly elected | 27,400 | 0 | 0 | 0 | 0 | 27,400 |
| Frank Chong, Ed.DIndependent · Asset-Liability Management and Investment · Nominating · Newly elected | 25,900 | 0 | 0 | 0 | 0 | 25,900 |
| Brian J. ReedEmployee director · Information Technology Steering | 0 | 0 | 0 | — | 0 | 0 |
| Component | FY2024 |
|---|---|
| Cash retainers and fees | $479,100 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $479,100 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Summit State Bank | 2024 | Brian Reed | $520,965 | $0 | $0 | $0 | $545,710 |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Brian Reed | DEF 14A | 2025-04-09 | — | Section “Executive Compensation”. As printed: 545,710. Filing ↗ |
| 2 | Section 01, Genie Del Secco | DEF 14A | 2025-04-09 | — | Section “Executive Compensation”. As printed: 346,546. Filing ↗ |
| 3 | Section 01, Brandy Seppi | DEF 14A | 2025-04-09 | — | Section “Executive Compensation”. As printed: 334,065. Filing ↗ |
| 4 | Section 08, John W. Wright | DEF 14A | 2025-04-09 | — | Section “Director Compensation”. As printed: 66,300. Filing ↗ |
| 5 | Section 08, Dawn M. Ross | DEF 14A | 2025-04-09 | — | Section “Director Compensation”. As printed: 59,200. Filing ↗ |
| 6 | Section 08, Nicholas J. Rado | DEF 14A | 2025-04-09 | — | Section “Director Compensation”. As printed: 55,650. Filing ↗ |
| 7 | Section 08, Todd R. Fry | DEF 14A | 2025-04-09 | — | Section “Director Compensation”. As printed: 49,350. Filing ↗ |
| 8 | Section 08, Jeffery B. Allen | DEF 14A | 2025-04-09 | — | Section “Director Compensation”. As printed: 48,850. Filing ↗ |
| 9 | Section 08, Sharon S. Wright | DEF 14A | 2025-04-09 | — | Section “Director Compensation”. As printed: 45,000. Filing ↗ |
| 10 | Section 08, Belinda Guadarrama | DEF 14A | 2025-04-09 | — | Section “Director Compensation”. As printed: 37,600. Filing ↗ |
| 11 | Section 08, Douglas V. Reynolds | DEF 14A | 2025-04-09 | — | Section “Director Compensation”. As printed: 34,750. Filing ↗ |
| 12 | Section 08, Marshall T. Reynolds | DEF 14A | 2025-04-09 | — | Section “Director Compensation”. As printed: 29,100. Filing ↗ |
| 13 | Section 08, James A. Finley | DEF 14A | 2025-04-09 | — | Section “Director Compensation”. As printed: 27,400. Filing ↗ |
| 14 | Section 08, Frank Chong, Ed.D | DEF 14A | 2025-04-09 | — | Section “Director Compensation”. As printed: 25,900. Filing ↗ |
| 15 | Section 08, Brian J. Reed | DEF 14A | 2025-04-09 | — | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 16 | Section 01 trend, Δ column (computed) | Computed | — | — | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 17 | Section 09b board cost (computed) | Computed | — | — | Cash 479,100 + equity 0 + all other 0 = 479,100, summed across the director compensation table rows.machine: formula: Σ = 479,100 |
| 18 | Summit State Bank (subject), Section 10b CEO total | DEF 14A | 2025-04-09 | — | CEO total compensation as printed in Summit State Bank's own proxy. As printed: 545,710. Filing ↗ |
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