Origin Bancorp, Inc. Provides Update on Board of Directors
March 03 2025 - 3:39PM
Origin Bancorp, Inc. (NYSE: OBK) (“Origin”), the holding company
for Origin Bank, today announced that five members of its Board of
Directors will not stand for reelection at the 2025 Annual Meeting
of Stockholders, decreasing the size of the Board from 16 to 11
directors. The Nominating and Corporate Governance Committee of the
Board, including Origin’s lead independent director, has
extensively studied the optimal Board size and composition in
relation to the Company’s continued growth. Today’s announcement
reflects the Board’s strategic initiative to reduce its size to
better align with governance best practices. The five directors not
standing for election are Jay Dyer, Farrell Malone, Lori Sirman,
Elizabeth Solender and Steve Taylor.
“Each of these directors has made invaluable contributions to
our Company and we are grateful for their service,” said Drake
Mills, Chairman, President and CEO of Origin Bancorp, Inc. “Their
expertise helped Origin through periods of significant
transformation and growth. It is a credit to their stewardship that
these directors each recognize that right-sizing the Board is in
the Company’s best interests moving forward. On behalf of the
entire organization, I’d like to thank them for their service to
Origin and their guidance to our Board and management.”
Based on the recommendation of the Board’s Nominating and
Corporate Governance Committee, the incumbent directors to be
nominated for election at the 2025 Annual Meeting will be: Daniel
Chu, James D’Agostino, Jr., James Davison, Jr., A. La’Verne Edney,
Meryl Farr, Richard Gallot, Jr., Stacey Goff, Cecil Jones, Michael
Jones, Gary Luffey and Drake Mills. The Company expects to hold its
2025 Annual Meeting on April 23, 2025.
Michael Jones, Chair of the Board’s Nominating and Corporate
Governance Committee, added, “With these changes, we will have a
smaller, more efficient Board of Directors, consistent with our
commitment to best-in-class corporate governance. We have been
intentional in the composition of a Board that will continue to be
made up of highly qualified directors who each bring relevant
backgrounds and skills to support management in driving the
Company’s strategy and future growth, including experience in the
banking and financial services industries as well as in executive
leadership, strategic and financial planning, and risk
management.”
The changes to the Board composition are not being made as a
result of any disagreement between the departing directors and the
Company.
About Origin
Origin Bancorp, Inc. is a financial holding company
headquartered in Ruston, Louisiana. Origin’s wholly owned bank
subsidiary, Origin Bank, was founded in 1912 in Choudrant,
Louisiana. Deeply rooted in Origin’s history is a culture committed
to providing personalized relationship banking to businesses,
municipalities, and personal clients to enrich the lives of the
people in the communities it serves. Origin provides a broad range
of financial services and currently operates more than 55 locations
in Dallas/Fort Worth, East Texas, Houston, North Louisiana,
Mississippi, South Alabama and the Florida Panhandle. For more
information, visit www.origin.bank.
Contact Information
Investor RelationsChris
Reigelman318-497-3177chris@origin.bank
Media ContactRyan
Kilpatrick318-232-7472rkilpatrick@origin.bank
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