Mark Chambers is Chief Executive Officer and President of Southern States Bancshares, Inc. (SSBK). The company reported total compensation of $944,425 for fiscal year 2023.
| Salary | $470,000 |
|---|---|
| Bonus | $45,000 |
| Stock awards | $51,875 |
| Option awards | $51,875 |
| Non-equity incentive plan | $286,465 |
| Pension and non-qualified deferred compensation | $0 |
| All other compensation | $39,210 |
| Total | $944,425 |
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed, without adjustment.
Cited to the compensation disclosure Southern States Bancshares, Inc. filed March 22, 2024, accession 0001628280-24-012666.
| Fiscal year | Role | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|---|
| FY2023 | Chief Executive Officer and President | $470,000 | $45,000 | $51,875 | $51,875 | $286,465 | $0 | $39,210 | $944,425 |
| FY2022 | Chief Executive Officer and President | $415,000 | $55,000 | $664,624 | $43,116 | $206,739 | $0 | $38,128 | $1,422,607 |
| FY2021 | President and Director | $345,000 | $0 | $40,888 | $40,888 | $150,938 | $0 | $37,173 | $614,887 |
Totals as disclosed in each year's own compensation disclosure for Southern States Bancshares, Inc..
| Named executive officer | Role | FY2023 total |
|---|---|---|
| Stephen Whatley | Former Chairman and Chief Executive Officer | $2,215,004 |
| Mark Chambers this page | Chief Executive Officer and President | $944,425 |
| Lynn Joyce | Senior Executive Vice President and Chief Financial Officer | $690,941 |
| Greg Smith | Senior Executive Vice President and Chief Risk Officer | $685,211 |
The company's named executive officers for fiscal year 2023, and what it reported for each. See the full Southern States Bancshares, Inc. compensation brief.
Mark Chambers's compensation sits inside Southern States Bancshares, Inc.'s full executive and board picture — the peer group, pay against peers, incentive design and the board itself.
The Southern States Bancshares, Inc. (SSBK) compensation brief