M. Ray (Hoppy) Cole, Jr. compensation by year
First Bancshares Summary Compensation Table · the one fiscal year held| Component | FY2023 |
|---|---|
| Salary | $706,072 |
| Bonus | $0 |
| Stock awards | $803,443 |
| Option awards | $0 |
| Non-equity incentive | $224,831 |
| Pension and deferred compensation | $663,535 |
| All other | $28,267 |
| Total | $2,426,148 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: First Bancshares Inc DEF 14A filed April 10, 2024, accession 0001104659-24-045454, and prior-year filings. Open the filing on EDGAR.
How this page was built: the First Bancshares Inc filed document, accession 0001104659-24-045454. Every figure is read from that document and cited to the page and table it appears in. Filed April 10, 2024.
Change-in-control & termination
estimated payments First Bancshares discloses, by trigger · FY2023| Trigger | Cash severance | Accelerated equity | Benefits continuation | Total as disclosed |
|---|---|---|---|---|
| Disability | $374,719 | $0 | — | $374,719 |
| Death | — | $2,609,079 | — | $2,809,079 |
| Change in control and involuntary termination | $4,227,433 | $2,609,079 | — | $6,836,512 |
| Involuntary termination without cause | $1,811,141 | $2,609,079 | $18,090 | $4,438,310 |
| Retirement | — | $0 | — | $0 |
| Change in control, no termination | — | $2,609,079 | — | $5,007,281 |
Per the Potential Payments Upon Termination or Change in Control table in First Bancshares Inc's FY2023 proxy. Estimates as the company printed them; a dash means it printed no figure.
First Bancshares’s named executive officers, FY2023
as the company reported each| Named executive officer | Role | FY2023 total |
|---|---|---|
| M. Ray (Hoppy) Cole, Jr. · this page | President and Chief Executive Officer | $2,426,148 |
| Donna T. (Dee Dee) Lowery | Executive Vice President and Chief Financial Officer | $1,088,616 |
Board service
First Bancshares board · FY2023How this board is paid
Company policy: First Bancshares pays directors a $7,000 cash retainer. As stated in First Bancshares's FY2023 proxy.
Committees
Executive · Risk
The full First Bancshares compensation record
free company briefThis page is one person within First Bancshares's record. The company brief lists every named executive, each linking to their own page.
Compensation, the day it’s disclosed
The CompBrief Daily Digest lists the newest executive and director compensation disclosures as companies file them.
How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are First Bancshares's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.