Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On January 13, 2020, Jeffrey A. Powell, the Executive Vice President and Chief
Financial Officer of Spirit of Texas Bancshares, Inc. (the "Company"), passed
away. Mr. Powell had served as Executive Vice President and Chief Financial
Officer of both the Company, and of its wholly-owned banking subsidiary, Spirit
of Texas Bank, SSB (the "Bank"), since July 2017.
Following Mr. Powell's unexpected death, the Company's Board of Directors, on
January 14, 2020, appointed Allison Johnson to serve as the Company's interim
Chief Financial Officer. Ms. Johnson, age 35, has served as the Chief Accounting
Officer of the Company and the Bank since 2016. Ms. Johnson began her career in
the financial services industry as an auditor at Price Waterhouse Coopers and
has spent the last decade focused on financial reporting in the banking
industry, most recently at Florida Community Bank, N.A., where she served as the
SEC Reporting Manager from 2012 to 2016. Ms. Johnson is a certified public
accountant and has a Masters of Accountancy from Florida State University. In
addition to serving as Chief Financial Officer of the Company, Ms. Johnson will
serve as interim Chief Financial Officer of the Bank and will also continue to
serve as Chief Accounting Officer of the Company and the Bank.
There are no arrangements or understandings between Ms. Johnson and any other
person or persons pursuant to which Ms. Johnson was appointed as interim Chief
Financial Officer, and there is no family relationship between Ms. Johnson and
any other director or executive officer of the Company or any person nominated
or chosen by the Company to become a director or executive officer. There are no
transactions between the Company and Ms. Johnson that are reportable pursuant to
Item 404(a) of Regulation S-K.
A copy of the press release issued by the Company on January 14, 2020 is
attached to this Current Report on Form 8-K as Exhibit 99.1 and incorporated
herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No. Description
99.1 Press Release, dated January 14, 2020, issued by Spirit of Texas
Bancshares, Inc.
104 Cover Page Interactive Data File (imbedded within the Inline XBRL
document)
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