<SEC-DOCUMENT>0001171843-15-005109.txt : 20150910
<SEC-HEADER>0001171843-15-005109.hdr.sgml : 20150910
<ACCEPTANCE-DATETIME>20150910100026
ACCESSION NUMBER:		0001171843-15-005109
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20150910
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20150910
DATE AS OF CHANGE:		20150910

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COLONY BANKCORP INC
		CENTRAL INDEX KEY:			0000711669
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				581492391
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12436
		FILM NUMBER:		151100266

	BUSINESS ADDRESS:	
		STREET 1:		115 SOUTH GRANT STREET
		STREET 2:		.
		CITY:			FITZGERALD
		STATE:			GA
		ZIP:			31750
		BUSINESS PHONE:		229-426-6000

	MAIL ADDRESS:	
		STREET 1:		115 SOUTH GRANT STREET
		STREET 2:		.
		CITY:			FITZGERALD
		STATE:			GA
		ZIP:			31750
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>gff8k_091015.htm
<DESCRIPTION>FORM 8-K
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<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#9;UNITED STATES</P>

<P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;WASHINGTON, D.C. 20549</P>

<P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;FORM 8-K</P>

<P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;CURRENT REPORT</P>

<P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;PURSUANT TO SECTION 13 OR 15(d) OF</P>

<P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;THE SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;Date of Report (Date of earliest event reported): September 10, 2015</P>

<P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;COLONY BANKCORP, INC.</P>

<P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;(Exact name of registrant as specified in its charter)</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

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        <P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;Georgia</P>
        <P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;(State or other jurisdiction</P>
        <P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;of incorporation)</P></TD>
    <TD STYLE="width: 34%">
        <P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;000-12436</P>
        <P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;(Commission File No.)</P></TD>
    <TD STYLE="width: 33%">
        <P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;58-1492391</P>
        <P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;(IRS Employer I.D. No.)</P></TD></TR>
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<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;115 South Grant Street, Fitzgerald, Georgia 31750&#9;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Address of principal executive offices)</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;(229) 426-6000</P>

<P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;Registrant's Telephone Number, including area code</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;N/A</P>

<P STYLE="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;(Former name or former address, if changed since last report)</P>

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<P STYLE="font-size: 10pt; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</P>

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    <TD STYLE="vertical-align: bottom; width: 6%">&#9744;</td>
    <TD STYLE="vertical-align: middle; text-align: left; width: 94%">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</td></tr>
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    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</td></tr>
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    <TD STYLE="vertical-align: middle; text-align: left">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</td></tr>
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    <TD STYLE="vertical-align: bottom">&#9744;</td>
    <TD STYLE="vertical-align: middle; text-align: left">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</td></tr>
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    <TD STYLE="vertical-align: bottom">&nbsp;</td>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</td></tr>
<tr>
    <TD STYLE="vertical-align: bottom">&#9744;</td>
    <TD STYLE="vertical-align: middle; text-align: left">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</td></tr>
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<TD NOWRAP STYLE="width: 6%; text-align: left"><B>Item 5.02</B></TD><TD STYLE="width: 1%"></TD><TD STYLE="text-align: justify; width: 93%"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangement of Certain Officers.</B></TD>
</TR></TABLE>

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<TD STYLE="width: 3%; text-align: left"><B>(e)</B></TD><TD STYLE="width: 1%"></TD><TD STYLE="text-align: justify; width: 96%">The Independent Directors Compensation Committee of Colony Bankcorp, Inc. (&ldquo;the
Company&rdquo;) has approved salaries, bonus awards, and stock grant awards for certain of its named executive officers. The following
table shows the approved corporation salaries and awards.</TD>
</TR></TABLE>

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<tr>
    <TD STYLE="padding-left: 45px; text-align: left; width: 40%">&nbsp;</td>
    <TD STYLE="text-align: center; width: 15%">&nbsp;</td>
    <TD STYLE="text-align: center; width: 15%">&nbsp;</td>
    <TD STYLE="text-align: center; width: 15%">&nbsp;</td>
    <TD STYLE="font-weight: bold; text-align: center; width: 15%">2015</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="padding-left: 45px; text-align: left">&nbsp;</td>
    <TD STYLE="font-weight: bold; text-align: center">2014 Base</td>
    <TD STYLE="text-align: center">&nbsp;<FONT STYLE="font-size: 10pt; font-style: normal"><B>2015 Base</B></FONT></td>
    <TD STYLE="font-weight: bold; text-align: center">2015 Bonus</td>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;&nbsp;Stock Grant</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-decoration: underline">Name</td>
    <TD STYLE="font-weight: bold; text-decoration: underline; text-align: center">Salary ($)</td>
    <TD STYLE="text-align: center">&nbsp;<font style="font-size: 10pt; font-style: normal"><b><u>Salary ($)(1)</u></b></font></td>
    <TD STYLE="text-align: center"><font style="font-size: 10pt; font-style: normal"><b><u>Awards ($)</u></b><font style="font-weight: normal"></font></font></td>
    <TD STYLE="font-weight: bold; text-decoration: underline; text-align: center">Awards (#)</td></tr>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Edward P. Loomis, Jr.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <TD STYLE="text-align: center">$257,500 </td>
    <TD STYLE="text-align: center">$263,500 </td>
    <TD STYLE="text-align: center">&nbsp;-</td>
    <TD STYLE="text-align: center">-</td></tr>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>President and CEO</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Colony Bankcorp, Inc.</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Terry L. Hester&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <TD STYLE="text-align: center">196,550</td>
    <TD STYLE="text-align: center">202,000</td>
    <TD STYLE="text-align: center">&nbsp;-</td>
    <TD STYLE="text-align: center">&nbsp;-</td></tr>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>CFO</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Colony Bankcorp, Inc.</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Henry F. Brown, Jr.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <TD STYLE="text-align: center">132,500</td>
    <TD STYLE="text-align: center">135,500</td>
    <TD STYLE="text-align: center">-</td>
    <TD STYLE="text-align: center">&nbsp;-</td></tr>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Chief Credit Officer and</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Senior Credit Administrator</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Colony Bank&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Lee Northcutt&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <TD STYLE="text-align: center">156,500</td>
    <TD STYLE="text-align: center">160,500</td>
    <TD STYLE="text-align: center">&nbsp;-</td>
    <TD STYLE="text-align: center">-</td></tr>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Regional Market Executive</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Eastern Division</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Colony Bank</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Eddie Hoyle, Jr.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <TD STYLE="text-align: center">158,500</td>
    <TD STYLE="text-align: center">162,500</td>
    <TD STYLE="text-align: center">&nbsp;-</td>
    <TD STYLE="text-align: center">-</td></tr>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD>Regional Market Executive</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD>Western Division</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Colony Bank</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
</table>


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<P STYLE="font-size: 10pt; text-indent: -0.5in; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

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<TD STYLE="width: 3%"></TD><TD STYLE="width: 2%">(1)</TD><TD STYLE="width: 95%">Compensation Committee approved base salary adjustments for its named executive officers to be effective with the September
10, 2015 payroll run. The committee indicated at year end 2014 that they would assess company performance in mid-year 2015 for
review of any base salary adjustments.</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: -0.5in; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: -0.5in; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

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<P STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<tr>
    <TD>&nbsp;</td>
    <td colspan="2" style="vertical-align: middle">COLONY BANKCORP, INC.</td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td></tr>
<tr>
    <TD STYLE="width: 50%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</td>
    <TD STYLE="width: 27%">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; width: 20%">&nbsp;</td></tr>
<tr>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td></tr>
<tr>
    <TD>Date: <font style="font-size: 10pt; font-weight: normal; font-style: normal"><u>&nbsp;&nbsp;September 10, 2015
    &nbsp;&nbsp;</u></font></td>
    <TD STYLE="text-align: left">By:<font style="font-size: 10pt; font-weight: normal; font-style: normal"><u></u></font></td>
    <TD STYLE="border-bottom: Black 1.1pt solid">/s/ Terry L. Hester</td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td></tr>
<tr>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>Terry L. Hester</td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td></tr>
<tr>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD COLSPAN="2">Executive Vice-President and&nbsp;</td></tr>
<tr>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD COLSPAN="2">Chief Financial Officer</td></tr>
</table>


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