Bonnie J. Davenport
About Bonnie J. Davenport
Independent director of Capital City Bank Group (CCBG); age 45; director since 2021. Registered architect and general contractor; President and founding principal of BKJ, Inc. Architecture since 2011. Education: University of Florida—Master of Architecture; Bachelor of Design; minor in business administration and landscape architecture; Summa Cum Laude. The Board has affirmatively determined she is independent under Nasdaq standards.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| BKJ, Inc. Architecture | President & Founding Principal | 2011–present | Led numerous projects across Florida; established local leadership reputation |
External Roles
- Other public company boards: None
- Member of many organizations and several local boards (not enumerated)
Board Governance
| Governance Item | Detail |
|---|---|
| Committee memberships | Corporate Governance & Nominating Committee (member) |
| Committee chair roles | Not a chair; Corporate Governance & Nominating Chair is Laura L. Johnson |
| Committee meetings in 2024 | Corporate Governance & Nominating: 4 meetings |
| Board meeting attendance (2024) | Each director attended at least 95.6% of Board and committee meetings |
| Independence | Affirmatively determined independent (majority-owner of BKJ, Inc., which provided architectural services; Board assessed and found no material relationship) |
| Lead Independent Director | Stanley W. Connally, Jr. |
| Independent director executive sessions | Five in 2024 |
| Years of service on CCBG board | Director since 2021 |
Fixed Compensation
Program structure (independent directors):
| Element | Amount |
|---|---|
| Annual cash retainer | $30,000 |
| Board meeting fee | $500 per Board meeting and annual strategic meeting attended |
| Committee meeting fee | $500 per committee meeting attended |
| Committee chair retainers | Audit Chair $12,000; Compensation Chair $8,000; Corporate Governance & Nominating Chair $8,000 |
| Lead Outside Director retainer | $15,000 |
| Perquisites | Aggregate value < $10,000 per director |
2024 compensation earned (Bonnie J. Davenport):
| Component | 2024 Amount ($) |
|---|---|
| Fees earned or paid in cash | $36,500 |
| Stock awards (restricted shares) | $30,012 |
| All other compensation | — |
| Total | $66,512 |
Performance Compensation
Director equity program and vesting condition:
| Metric/Condition | Target/Provision | 2024 Outcome | Impact |
|---|---|---|---|
| Restricted stock grant value | $30,000 grant of restricted common shares to each independent director; granted at February Compensation Committee meeting; vests December 31 same year | Granted 1,087 shares at $27.61 grant-date fair value (per director) | Standard annual director equity |
| Forfeiture condition | Forfeited if the Company incurs a net loss in the grant year | Net income $52,915 thousand in 2024 (positive) | Condition satisfied; awards vest per program |
Director Stock Purchase Plan (alignment features):
- Directors may purchase shares at a 10% discount; 2024 purchases totaled 14,969 shares; 237,602 shares remained available at 12/31/2024; purchases capped at annual retainer and meeting fees .
Other Directorships & Interlocks
| Company | Board Type | Role | Status |
|---|---|---|---|
| None | Public company | — | No other public company directorships |
Expertise & Qualifications
- Registered architect and general contractor; founder/operator of BKJ, Inc. Architecture; executive leadership and management experience .
- University of Florida: Master of Architecture; Bachelor of Design; minor in business administration and landscape architecture; Summa Cum Laude .
- Local community leadership through board participation (not enumerated) .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Total Voting Power |
|---|---|---|
| Bonnie J. Davenport | 6,533 | * (<1%) |
Stock ownership guidelines (directors):
| Guideline | Requirement | Compliance Status |
|---|---|---|
| Ownership multiple | Own CCBG stock equal in value to 10× annual director retainer fees (includes annual cash and equity grants); 10 years to comply | All directors have met expectations or are on track within the 10-year window |
Pledging and hedging:
- No pledging footnote disclosed for Davenport in the beneficial ownership table (pledging noted for other directors where applicable) .
- Insider trading policy prohibits short sales and includes blackout/preclearance procedures .
Governance Assessment
- Independence with related-party sensitivity: Davenport is majority owner of BKJ, Inc., which provided architectural services to the Company and received fees; the Board reviewed this relationship and affirmed independence (no material relationship). The Company maintains a formal Related Person Transaction Policy with quarterly questionnaires and Audit Committee pre-approval/ratification procedures—reducing conflict risk.
- Committee engagement: Active on Corporate Governance & Nominating, which prioritized CEO succession, governance document reviews, board refreshment, director skills alignment, cybersecurity oversight, and director education in 2024—supporting board effectiveness.
- Attendance and engagement: Directors (including Davenport) attended ≥95.6% of Board/committee meetings in 2024 and all attended the 2024 Annual Meeting—strong engagement signal.
- Compensation and alignment: Director pay blends cash with restricted stock subject to annual net-income condition; stock purchase plan at a discount further aligns interests; ownership guidelines at 10× annual retainer foster skin‑in‑the‑game.
- RED FLAG watch: Ongoing services by BKJ to the Company require continued monitoring despite the current independence determination; transparent disclosure and robust related‑party policies mitigate, but investors should track any escalation in fee magnitude or scope.