<?xml version="1.0" encoding="UTF-8"?>
<!--Inline XBRL document created by Certent CDM HD version: 21.3.7 -->
<html xmlns="http://www.w3.org/1999/xhtml" xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xl="http://www.xbrl.org/2003/XLink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:cfb="http://www.crossfirstbank.com/20220519" xmlns:dei="http://xbrl.sec.gov/dei/2021q4" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2020-01-21" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:utr="http://www.xbrl.org/2009/utr" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" version="-//XBRL International//DTD XHTML Inline XBRL 1.1//EN" xml:lang="en-US">
<head><title>cfb-20220608_8K</title>
<meta http-equiv="Content-Type" content="text/html;" />
</head>
<body style="background-color:RGB(230, 230, 230);font-family:Times New Roman;font-style:normal;font-size:13.28px;font-weight:normal;font-stretch:normal;color:#000000;">
<div style="display:none;">
<ix:header>
<ix:hidden>
<ix:nonNumeric id="ID_20" name="dei:EntityCentralIndexKey" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412">0001458412</ix:nonNumeric>
<ix:nonNumeric id="ID_21" name="dei:AmendmentFlag" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412">false</ix:nonNumeric>
</ix:hidden>
<ix:references xml:lang="en-US"><link:schemaRef xlink:href="cfb-20220519.xsd" xlink:type="simple" /></ix:references>
<ix:resources>

  <xbrli:context id="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412">

    <xbrli:entity>

      <xbrli:identifier scheme="http://www.sec.gov/CIK">0001458412</xbrli:identifier>

    </xbrli:entity>

    <xbrli:period>

      <xbrli:startDate>2022-06-08</xbrli:startDate>

      <xbrli:endDate>2022-06-08</xbrli:endDate>

    </xbrli:period>

  </xbrli:context>
</ix:resources>
</ix:header>
</div>
<div id="fixed-layout-inline-document" style="display:none;"></div><div id="Doc1" style="background-color:RGB(230, 230, 230);line-height:normal;font-family:Times New Roman;font-size:13.28px;font-weight:400;">
<div style="padding: 7px">
<div id="Page1" style="background-color:RGB(255, 255, 255);position:relative;margin-left:auto;margin-right:auto;overflow:hidden;border-style:solid;border-width:thin;border-color:RGB(198, 198, 198);page-break-after:always;width:816px;height:1056px;">
<div style="position:absolute; width:735.5px; height:2.6px; left:39.8px; top:67.5px; background-color:#000000; ">&#160;</div>
<div style="position:absolute; width:23.1px; height:1px; left:403.7px; top:557px; background-color:#231F20; ">&#160;</div>
<div style="position:absolute; width:247.9px; height:1.3px; left:60.2px; top:774.4px; background-color:#000000; ">&#160;</div>
<div style="position:absolute; width:147.9px; height:1.3px; left:313.2px; top:774.4px; background-color:#000000; ">&#160;</div>
<div style="position:absolute; width:289.8px; height:1.3px; left:466.2px; top:774.4px; background-color:#000000; ">&#160;</div>
<div id="a3" style="position:absolute;font-family:'Times New Roman';font-size:18.72px;left:338px;top:68px;">UNITED STATES </div><div id="a5" style="position:absolute;font-family:'Times New Roman';font-size:18.72px;left:217px;top:100px;">SECURITIES AND<div style="display:inline-block;width:3px">&#160;</div>EXCHANGE COMMISSION </div><div id="a7" style="position:absolute;font-family:'Times New Roman';font-size:16px;left:329px;top:123px;">Washington, D.C. 20549 </div><div id="a9" style="position:absolute;font-family:'Times New Roman';font-size:24px;font-weight:bold;left:349px;top:145px;">FORM </div><div id="a9_5_3" style="position:absolute;font-family:'Times New Roman';font-size:24px;font-weight:bold;left:429px;top:145px;"><ix:nonNumeric id="ID_0" name="dei:DocumentType" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412">8-K</ix:nonNumeric></div><div id="a13" style="position:absolute;font-family:'Times New Roman';font-size:16px;font-weight:bold;color:#231F20;left:334px;top:182px;">CURRENT REPORT</div><div id="a15" style="position:absolute;font-family:'Times New Roman';font-size:16px;color:#231F20;left:173px;top:202px;">Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934</div><div id="a18" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;left:228px;top:238px;">Date of Report (date of earliest event reported): </div><div id="a19" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:bold;left:511px;top:238px;"><ix:nonNumeric id="ID_22" name="dei:DocumentPeriodEndDate" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412" format="ixt:datemonthdayyearen">June 8, 2022</ix:nonNumeric></div><div id="a22" style="position:absolute;font-family:'Times New Roman';font-size:21.28px;font-weight:bold;left:238px;top:272px;"><ix:nonNumeric id="ID_1" name="dei:EntityRegistrantName" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412">CROSSFIRST BANKSHARES, INC.</ix:nonNumeric></div><div id="a22_27_2" style="position:absolute;font-family:'Times New Roman';font-size:21.28px;font-weight:bold;left:578px;top:272px;"><div style="display:inline-block;width:6px">&#160;</div></div><div id="a24" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:bold;left:246px;top:304px;">(Exact name of registrant as specified in its charter) </div><div id="a26" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:126px;top:335px;"><ix:nonNumeric id="ID_2" name="dei:EntityIncorporationStateCountryCode" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412" format="ixt-sec:stateprovnameen">Kansas</ix:nonNumeric></div><div id="a28" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:379px;top:336px;"><ix:nonNumeric id="ID_3" name="dei:EntityFileNumber" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412">001-39028</ix:nonNumeric></div><div id="a32" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:637px;top:335px;"><ix:nonNumeric id="ID_4" name="dei:EntityTaxIdentificationNumber" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412">26-3212879</ix:nonNumeric></div><div id="a36" style="position:absolute;font-family:'Times New Roman';font-size:12px;left:77px;top:356px;">(State or other jurisdiction of </div><div id="a37" style="position:absolute;font-family:'Times New Roman';font-size:12px;left:75px;top:368px;">incorporation or organization) </div><div id="a39" style="position:absolute;font-family:'Times New Roman';font-size:12px;left:340px;top:355px;">(Commission File Number) </div><div id="a41" style="position:absolute;font-family:'Times New Roman';font-size:12px;left:582px;top:355px;">(I.R.S. Employer Identification No.) </div><div id="a44" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:263px;top:395px;"><ix:nonNumeric id="ID_5" name="dei:EntityAddressAddressLine1" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412">11440 Tomahawk Creek Parkway</ix:nonNumeric></div><div id="a46" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:466px;top:395px;"><ix:nonNumeric id="ID_6" name="dei:EntityAddressCityOrTown" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412">Leawood</ix:nonNumeric></div><div id="a48" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:530px;top:395px;"><ix:nonNumeric id="ID_7" name="dei:EntityAddressStateOrProvince" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412" format="ixt-sec:stateprovnameen">Kansas</ix:nonNumeric></div><div id="a50" style="position:absolute;font-family:'Times New Roman';font-size:12px;left:310px;top:416px;">(Address of Principal Executive Offices) </div><div id="a53" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:392px;top:443px;"><ix:nonNumeric id="ID_8" name="dei:EntityAddressPostalZipCode" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412">66211</ix:nonNumeric></div><div id="a55" style="position:absolute;font-family:'Times New Roman';font-size:12px;left:382px;top:464px;">(Zip Code)</div><div id="a58" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:366px;top:494px;">(</div><div id="a58_1_3" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:371px;top:494px;"><ix:nonNumeric id="ID_9" name="dei:CityAreaCode" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412">214</ix:nonNumeric></div><div id="a58_4_2" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:391px;top:494px;">) </div><div id="a58_6_8" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:399px;top:494px;"><ix:nonNumeric id="ID_10" name="dei:LocalPhoneNumber" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412">442-5898</ix:nonNumeric></div><div id="a58_14_2" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:450px;top:494px;"><div style="display:inline-block;width:3px">&#160;</div></div><div id="a62" style="position:absolute;font-family:'Times New Roman';left:272px;top:513px;">Registrant's telephone number, including area code </div><div id="a65" style="position:absolute;font-family:'Times New Roman';color:#231F20;left:404px;top:544px;">N/A</div><div id="a67" style="position:absolute;font-family:'Times New Roman';color:#231F20;left:250px;top:560px;">(Former name or former address, if changed since last report.)</div><div id="a70" style="position:absolute;font-family:'Times New Roman';left:55px;top:592px;">Check the appropriate box below if the Form 8-K filing is intended to<div style="display:inline-block;width:5px">&#160;</div>simultaneously satisfy the filing obligation of the registrant under </div><div id="a73" style="position:absolute;font-family:'Times New Roman';left:55px;top:608px;">any of the following provisions (see General Instruction A.2. below): </div><div id="a77" style="position:absolute;font-family:'Segoe UI Symbol';left:55px;top:638px;"><ix:nonNumeric id="ID_11" name="dei:WrittenCommunications" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></div><div id="a78" style="position:absolute;font-family:'Times New Roman';left:66px;top:640px;"><div style="display:inline-block;width:13px">&#160;</div>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </div><div id="a81" style="position:absolute;font-family:'Segoe UI Symbol';left:55px;top:658px;"><ix:nonNumeric id="ID_12" name="dei:SolicitingMaterial" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></div><div id="a81_1_4" style="position:absolute;font-family:'Segoe UI Symbol';left:66px;top:658px;"><div style="display:inline-block;width:11px">&#160;</div></div><div id="a82" style="position:absolute;font-family:'Times New Roman';color:#231F20;left:81px;top:660px;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </div><div id="a88" style="position:absolute;font-family:'Segoe UI Symbol';left:55px;top:679px;"><ix:nonNumeric id="ID_13" name="dei:PreCommencementTenderOffer" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></div><div id="a90" style="position:absolute;font-family:'Times New Roman';color:#231F20;left:79px;top:681px;">Pre-commencement communications pursuant to Rule 14d-2(b) under<div style="display:inline-block;width:5px">&#160;</div>the Exchange Act (17 CFR 240.14d-2(b)) </div><div id="a99" style="position:absolute;font-family:'Segoe UI Symbol';left:55px;top:699px;"><ix:nonNumeric id="ID_14" name="dei:PreCommencementIssuerTenderOffer" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></div><div id="a100" style="position:absolute;font-family:'Times New Roman';color:#231F20;left:66px;top:702px;"><div style="display:inline-block;width:13px">&#160;</div>Pre-commencement communications pursuant to Rule 13e-4(c) under<div style="display:inline-block;width:5px">&#160;</div>the Exchange Act (17 CFR 240.13e-4(c)) </div><div id="a109" style="position:absolute;font-family:'Times New Roman';left:55px;top:730px;">Securities registered pursuant to Section 12(b) of the Act:<div style="display:inline-block;width:4px">&#160;</div></div><div id="a111" style="position:absolute;font-family:'Times New Roman';left:136px;top:757px;">Title of each class</div><div id="a114" style="position:absolute;font-family:'Times New Roman';left:337px;top:757px;">Trading Symbol(s)</div><div id="a118" style="position:absolute;font-family:'Times New Roman';left:493px;top:757px;">Name of each exchange on which registered</div><div id="a120" style="position:absolute;font-family:'Times New Roman';left:72px;top:781px;"><ix:nonNumeric id="ID_15" name="dei:Security12bTitle" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412">Common Stock, par value $0.01 per share</ix:nonNumeric></div><div id="a123" style="position:absolute;font-family:'Times New Roman';left:374px;top:781px;"><ix:nonNumeric id="ID_16" name="dei:TradingSymbol" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412">CFB</ix:nonNumeric></div><div id="a126" style="position:absolute;font-family:'Times New Roman';left:527px;top:781px;"><ix:nonNumeric id="ID_17" name="dei:SecurityExchangeName" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412" format="ixt-sec:exchnameen">The Nasdaq Stock Market LLC</ix:nonNumeric></div><div id="a129" style="position:absolute;font-family:'Times New Roman';left:55px;top:813px;">Indicate by check mark whether the registrant is an emerging growth company<div style="display:inline-block;width:5px">&#160;</div>as defined in Rule 405 of the Securities Act of 1933 </div><div id="a131" style="position:absolute;font-family:'Times New Roman';left:55px;top:829px;">(&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter). </div><div id="a137" style="position:absolute;font-family:'Times New Roman';color:#231F20;left:619px;top:845px;">Emerging growth company </div><div id="a138" style="position:absolute;font-family:'Segoe UI Symbol';color:#231F20;left:768px;top:843px;"><ix:nonNumeric id="ID_18" name="dei:EntityEmergingGrowthCompany" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412" format="ixt-sec:boolballotbox">&#9746;</ix:nonNumeric></div><div id="a142" style="position:absolute;font-family:'Times New Roman';left:55px;top:871px;">If an emerging growth company, indicate by check mark if the registrant has elected not<div style="display:inline-block;width:5px">&#160;</div>to use the extended transition period for </div><div id="a144" style="position:absolute;font-family:'Times New Roman';left:55px;top:887px;">complying with any new or revised financial accounting standards provided<div style="display:inline-block;width:5px">&#160;</div>pursuant to Section 13(a) of the Exchange Act. </div><div id="a145" style="position:absolute;font-family:'Segoe UI Symbol';left:716px;top:885px;"><ix:nonNumeric id="ID_19" name="dei:EntityExTransitionPeriod" contextRef="FROM_Jun08_2022_TO_Jun08_2022_Entity_0001458412" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></div><div id="a146" style="position:absolute;font-family:'Times New Roman';left:727px;top:887px;"><div style="display:inline-block;width:4px">&#160;</div></div></div>
</div>
<div style="padding: 7px">
<div id="Page2" style="background-color:RGB(255, 255, 255);position:relative;margin-left:auto;margin-right:auto;overflow:hidden;border-style:solid;border-width:thin;border-color:RGB(198, 198, 198);page-break-after:always;width:816px;height:1056px;">
<div style="position:absolute; width:735.2px; height:1px; left:28.6px; top:828.2px; background-color:#000000; ">&#160;</div>
<div style="position:absolute; width:735.2px; height:1px; left:28.6px; top:844.9px; background-color:#000000; ">&#160;</div>
<div style="position:absolute; width:1px; height:33.9px; left:28.6px; top:828.2px; background-color:#000000; ">&#160;</div>
<div style="position:absolute; width:1px; height:33.9px; left:137.9px; top:828.2px; background-color:#000000; ">&#160;</div>
<div style="position:absolute; width:735.2px; height:1px; left:28.6px; top:861.5px; background-color:#000000; ">&#160;</div>
<div style="position:absolute; width:1px; height:33.9px; left:763.1px; top:828.2px; background-color:#000000; ">&#160;</div>
<div id="a150" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:36px;top:59px;">Item 5.02.</div><div id="a156" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:133px;top:59px;">Departure<div style="display:inline-block;width:10px">&#160;</div>of<div style="display:inline-block;width:10px">&#160;</div>Directors<div style="display:inline-block;width:10px">&#160;</div>or<div style="display:inline-block;width:10px">&#160;</div>Certain<div style="display:inline-block;width:10px">&#160;</div>Officers;<div style="display:inline-block;width:11px">&#160;</div>Election<div style="display:inline-block;width:10px">&#160;</div>of<div style="display:inline-block;width:10px">&#160;</div>Directors;<div style="display:inline-block;width:10px">&#160;</div>Appointment<div style="display:inline-block;width:10px">&#160;</div>of<div style="display:inline-block;width:10px">&#160;</div>Certain<div style="display:inline-block;width:10px">&#160;</div>Officers; </div><div id="a157" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:36px;top:75px;">Compensatory Arrangements of Certain Officers </div><div id="a160" style="position:absolute;font-family:'Times New Roman';left:85px;top:107px;">On June 8, 2022, CrossFirst Bankshares, Inc. (the &#8220;Company&#8221;), the bank holding<div style="display:inline-block;width:5px">&#160;</div>company for CrossFirst Bank (the &#8220;Bank&#8221;), </div><div id="a161" style="position:absolute;font-family:'Times New Roman';left:36px;top:123px;">announced the promotion of W. Randall Rapp, the Bank's current Chief Risk and Credit Officer,<div style="display:inline-block;width:5px">&#160;</div>to the position of President of the Bank, to </div><div id="a164" style="position:absolute;font-family:'Times New Roman';left:36px;top:139px;">be effective July 1, 2022.<div style="display:inline-block;width:7px">&#160;</div>In his new role, Mr. Rapp will have overarching responsibility for production,<div style="display:inline-block;width:5px">&#160;</div>credit, operations, risk and </div><div id="a166" style="position:absolute;font-family:'Times New Roman';left:36px;top:155px;">technology of the Bank, and he will report to the Chief Executive Officer of<div style="display:inline-block;width:5px">&#160;</div>the Bank and the Company.<div style="display:inline-block;width:7px">&#160;</div>In connection with his </div><div id="a168" style="position:absolute;font-family:'Times New Roman';left:36px;top:171px;">promotion, Mr. Rapp will relinquish the position of Chief Risk and Credit Officer<div style="display:inline-block;width:5px">&#160;</div>of the Bank.<div style="display:inline-block;width:7px">&#160;</div>With this promotion, the roles of President </div><div id="a170" style="position:absolute;font-family:'Times New Roman';left:36px;top:187px;">and Chief Executive Officer of the Bank, currently held by Michael J. Maddox,<div style="display:inline-block;width:5px">&#160;</div>will be split, and Mr. Maddox with continue as the Chief </div><div id="a172" style="position:absolute;font-family:'Times New Roman';left:36px;top:203px;">Executive Officer of the Bank and President and Chief Executive Officer<div style="display:inline-block;width:5px">&#160;</div>of the Company.<div style="display:inline-block;width:7px">&#160;</div></div><div id="a175" style="position:absolute;font-family:'Times New Roman';left:85px;top:235px;">Mr. Rapp, 57, has served as the Chief Risk and Credit Officer for the Bank since April 2021, and prior to that served as Chief </div><div id="a177" style="position:absolute;font-family:'Times New Roman';left:36px;top:251px;">Credit Officer of the Bank since April 2019.<div style="display:inline-block;width:7px">&#160;</div>Prior to joining the Bank, Mr. Rapp held various positions at Texas Capital Bank, N.A. from </div><div id="a179" style="position:absolute;font-family:'Times New Roman';left:36px;top:267px;">March 2000 until March 2019, including serving as Executive Vice President and Chief<div style="display:inline-block;width:5px">&#160;</div>Credit Officer from May 2015 until March 2019, </div><div id="a182" style="position:absolute;font-family:'Times New Roman';left:36px;top:283px;">and as a Senior Credit Officer from 2013 until May 2015.</div><div id="a184" style="position:absolute;font-family:'Times New Roman';left:348px;top:283px;">He has more than three decades of commercial banking experience, most of </div><div id="a185" style="position:absolute;font-family:'Times New Roman';left:36px;top:299px;">which has been spent in credit management for private and public banks in<div style="display:inline-block;width:5px">&#160;</div>the Dallas/Fort Worth metroplex. </div><div id="a189" style="position:absolute;font-family:'Times New Roman';left:85px;top:331px;">There is no arrangement or understanding between Mr. Rapp and any other<div style="display:inline-block;width:5px">&#160;</div>persons pursuant to which he was appointed as the </div><div id="a190" style="position:absolute;font-family:'Times New Roman';left:36px;top:347px;">Company's President, and there is no family relationship between Mr. Rapp<div style="display:inline-block;width:5px">&#160;</div>and any directors or executive officers of the Company. Mr. </div><div id="a193" style="position:absolute;font-family:'Times New Roman';left:36px;top:363px;">Rapp has no direct or indirect material interest in any transaction required<div style="display:inline-block;width:5px">&#160;</div>to be disclosed pursuant to Item 404(a) of Regulation S-K. </div><div id="a199" style="position:absolute;font-family:'Times New Roman';left:85px;top:395px;">In connection with his promotion, effective June 1, 2022, Mr. Rapp&#8217;s annual<div style="display:inline-block;width:5px">&#160;</div>base salary was increased to $410,000, and his </div><div id="a201" style="position:absolute;font-family:'Times New Roman';left:36px;top:411px;">incentive award opportunity under the Company's Annual Incentive Plan was increased from 40% of his base salary<div style="display:inline-block;width:5px">&#160;</div>to 50% of his base </div><div id="a204" style="position:absolute;font-family:'Times New Roman';left:36px;top:427px;">salary, with a maximum stretch opportunity up to 75% of base salary, for the 2022 plan<div style="display:inline-block;width:5px">&#160;</div>year and beyond. Mr. Rapp also received a $10,000 </div><div id="a207" style="position:absolute;font-family:'Times New Roman';left:36px;top:443px;">cash promotion bonus.<div style="display:inline-block;width:7px">&#160;</div>In addition, on July 1, 2022, Mr. Rapp will receive equity awards under the Company's<div style="display:inline-block;width:5px">&#160;</div>Long Term Incentive Plan </div><div id="a209" style="position:absolute;font-family:'Times New Roman';left:36px;top:459px;">consisting of (i) 5,000 time-based restricted stock units that vest ratably<div style="display:inline-block;width:5px">&#160;</div>in annual increments over three years and (ii) 5,000 stock </div><div id="a218" style="position:absolute;font-family:'Times New Roman';left:36px;top:475px;">appreciation rights that vest ratably in annual increments over seven years<div style="display:inline-block;width:5px">&#160;</div>with a grant date fair value based on the date of the award.<div style="display:inline-block;width:8px">&#160;</div>For </div><div id="a221" style="position:absolute;font-family:'Times New Roman';left:36px;top:491px;">awards granted under the Company's Long Term Incentive Plan after 2022, Mr. Rapp's<div style="display:inline-block;width:5px">&#160;</div>long term incentive opportunity will remain at 40% </div><div id="a223" style="position:absolute;font-family:'Times New Roman';left:36px;top:507px;">of his base salary.<div style="display:inline-block;width:7px">&#160;</div>The foregoing compensation arrangements will be reflected in an amendment<div style="display:inline-block;width:5px">&#160;</div>and restatement of Mr. Rapp's previously </div><div id="a225" style="position:absolute;font-family:'Times New Roman';left:36px;top:523px;">disclosed existing employment agreement with the Company.<div style="display:inline-block;width:8px">&#160;</div>Except for the foregoing changes and changes to reflect Mr. Rapp's new </div><div id="a227" style="position:absolute;font-family:'Times New Roman';left:36px;top:539px;">title, the other materials terms of Mr. Rapp's existing employment agreement will remain<div style="display:inline-block;width:5px">&#160;</div>unchanged.<div style="display:inline-block;width:7px">&#160;</div></div><div id="a230" style="position:absolute;font-family:'Times New Roman';left:85px;top:571px;">The foregoing summary of the terms of Mr. Rapp&#8217;s amended and restated employment<div style="display:inline-block;width:5px">&#160;</div>agreement is not complete and is qualified </div><div id="a232" style="position:absolute;font-family:'Times New Roman';left:36px;top:587px;">in its entirety by the full text of the amended and restated employment agreement<div style="display:inline-block;width:5px">&#160;</div>that the Company and Mr. Rapp will enter into, a copy of </div><div id="a234" style="position:absolute;font-family:'Times New Roman';left:36px;top:603px;">which will be filed by the Company in a subsequent periodic report with the Securities and<div style="display:inline-block;width:5px">&#160;</div>Exchange Commission. </div><div id="a238" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:36px;top:635px;">Item 7.01.</div><div id="a240" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:133px;top:635px;">Regulation FD Disclosure. </div><div id="a243" style="position:absolute;font-family:'Times New Roman';left:85px;top:667px;">The full text of the press release announcing Mr. Rapp&#8217;s appointment<div style="display:inline-block;width:5px">&#160;</div>is attached as Exhibit 99.1 to this Current Report on Form </div><div id="a245" style="position:absolute;font-family:'Times New Roman';left:36px;top:683px;">8-K and incorporated by reference int of this Item 7.01.<div style="display:inline-block;width:7px">&#160;</div>The information set forth in this Item 7.01, including Exhibit 99.1, is being </div><div id="a249" style="position:absolute;font-family:'Times New Roman';left:36px;top:699px;">&#8220;furnished&#8221; and shall not be deemed &#8220;filed&#8221; for purposes of Section 18 of the Securities<div style="display:inline-block;width:5px">&#160;</div>Exchange Act of 1934, as amended (the </div><div id="a251" style="position:absolute;font-family:'Times New Roman';left:36px;top:715px;">&#8220;Exchange Act&#8221;), or incorporated by reference in any filings under the Securities Act of 1933, as amended, or the Exchange Act, except as </div><div id="a253" style="position:absolute;font-family:'Times New Roman';left:36px;top:731px;">expressly set forth by specific reference in such filing. </div><div id="a256" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:36px;top:763px;">Item 9.01.</div><div id="a258" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:133px;top:763px;">Financial Statements and Exhibits. </div><div id="a261" style="position:absolute;font-family:'Times New Roman';left:36px;top:795px;">(d) Exhibits </div><div id="a264" style="position:absolute;font-family:'Times New Roman';left:36px;top:828px;">99.1 </div><div id="a266" style="position:absolute;font-family:'Times New Roman';color:#0000FF;left:146px;top:828px;"><a href="exhibit991pressreleas.htm" style="color:#0000FF;text-decoration:underline;">Press Release Issued June 8, 2022</a></div><div id="a268" style="position:absolute;font-family:'Times New Roman';left:36px;top:844px;">104 </div><div id="a270" style="position:absolute;font-family:'Times New Roman';left:146px;top:844px;">Cover Page Interactive Data File (embedded within the Inline XBRL document) </div><div id="a274" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:36px;top:893px;"><div style="display:inline-block;width:192px">&#160;</div></div></div>
</div>
<div style="padding: 7px">
<div id="Page3" style="background-color:RGB(255, 255, 255);position:relative;margin-left:auto;margin-right:auto;overflow:hidden;border-style:solid;border-width:thin;border-color:RGB(198, 198, 198);page-break-after:always;width:816px;height:1056px;">
<div style="position:absolute; width:190.8px; height:1.3px; left:584.6px; top:228.2px; background-color:#000000; ">&#160;</div>
<div id="a278" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:369px;top:59px;">SIGNATURE </div><div id="a281" style="position:absolute;font-family:'Times New Roman';left:36px;top:91px;">Pursuant<div style="display:inline-block;width:5px">&#160;</div>to<div style="display:inline-block;width:5px">&#160;</div>the requirements<div style="display:inline-block;width:6px">&#160;</div>of<div style="display:inline-block;width:5px">&#160;</div>the Securities<div style="display:inline-block;width:6px">&#160;</div>and<div style="display:inline-block;width:5px">&#160;</div>Exchange Act<div style="display:inline-block;width:5px">&#160;</div>of 1934,<div style="display:inline-block;width:6px">&#160;</div>the Registrant<div style="display:inline-block;width:6px">&#160;</div>has<div style="display:inline-block;width:5px">&#160;</div>duly<div style="display:inline-block;width:5px">&#160;</div>caused<div style="display:inline-block;width:5px">&#160;</div>this report<div style="display:inline-block;width:6px">&#160;</div>to be<div style="display:inline-block;width:6px">&#160;</div>signed<div style="display:inline-block;width:5px">&#160;</div>on its </div><div id="a283" style="position:absolute;font-family:'Times New Roman';left:36px;top:107px;">behalf by the undersigned hereunto duly authorized.</div><div id="a292" style="position:absolute;font-family:'Times New Roman';left:62px;top:173px;">Date:</div><div id="a294" style="position:absolute;font-family:'Times New Roman';left:98px;top:173px;">June 8, 2022</div><div id="a298" style="position:absolute;font-family:'Times New Roman';left:553px;top:173px;">CROSSFIRST BANKSHARES, INC.</div><div id="a314" style="position:absolute;font-family:'Times New Roman';left:553px;top:211px;">By:</div><div id="a317" style="position:absolute;font-family:'Times New Roman';left:588px;top:211px;">/s/ Benjamin R. Clouse</div><div id="a328" style="position:absolute;font-family:'Times New Roman';left:588px;top:228px;">Benjamin R. Clouse </div><div id="a330" style="position:absolute;font-family:'Times New Roman';left:588px;top:243px;">Chief Financial Officer </div></div>
</div>
</div>
</body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "cfb-20220608_8K.htm", "description": "FORM 8-K", "secsgml_size_bytes": 31692}]
{"company-data": {"conformed-name": "CROSSFIRST BANKSHARES, INC.", "cik": "0001458412", "assigned-sic": "6022", "irs-number": "000000000", "state-of-incorporation": "KS", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-39028", "film-number": "221003633"}, "business-address": {"street1": "11440 TOMAHAWK CREEK PARKWAY", "city": "LEAWOOD", "state": "KS", "zip": "66211", "phone": "913-754-9704"}, "mail-address": {"street1": "11440 TOMAHAWK CREEK PARKWAY", "city": "LEAWOOD", "state": "KS", "zip": "66211"}, "former-company": {"former-conformed-name": "CROSSFIRST HOLDINGS LLC", "date-changed": "20090311"}}
cfb-20220608_8K
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
June 8, 2022
CROSSFIRST BANKSHARES, INC.
(Exact name of registrant as specified in its charter)
Kansas
001-39028
26-3212879
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
11440 Tomahawk Creek Parkway
Leawood
Kansas
(Address of Principal Executive Offices)
66211
(Zip Code)
(
214
)
442-5898
Registrant's telephone number, including area code
N/A
(Former name or former address, if changed since last report.)
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):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.01 per share
CFB
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☒
If an emerging growth company, indicate by check mark if the registrant has elected not
to use the extended transition period for
complying with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act.
☐
Item 5.02.
Departure
of
Directors
or
Certain
Officers;
Election
of
Directors;
Appointment
of
Certain
Officers;
Compensatory Arrangements of Certain Officers
On June 8, 2022, CrossFirst Bankshares, Inc. (the "Company"), the bank holding
company for CrossFirst Bank (the "Bank"),
announced the promotion of W. Randall Rapp, the Bank's current Chief Risk and Credit Officer,
to the position of President of the Bank, to
be effective July 1, 2022.
In his new role, Mr. Rapp will have overarching responsibility for production,
credit, operations, risk and
technology of the Bank, and he will report to the Chief Executive Officer of
the Bank and the Company.
In connection with his
promotion, Mr. Rapp will relinquish the position of Chief Risk and Credit Officer
of the Bank.
With this promotion, the roles of President
and Chief Executive Officer of the Bank, currently held by Michael J. Maddox,
will be split, and Mr. Maddox with continue as the Chief
Executive Officer of the Bank and President and Chief Executive Officer
of the Company.
Mr. Rapp, 57, has served as the Chief Risk and Credit Officer for the Bank since April 2021, and prior to that served as Chief
Credit Officer of the Bank since April 2019.
Prior to joining the Bank, Mr. Rapp held various positions at Texas Capital Bank, N.A. from
March 2000 until March 2019, including serving as Executive Vice President and Chief
Credit Officer from May 2015 until March 2019,
and as a Senior Credit Officer from 2013 until May 2015.
He has more than three decades of commercial banking experience, most of
which has been spent in credit management for private and public banks in
the Dallas/Fort Worth metroplex.
There is no arrangement or understanding between Mr. Rapp and any other
persons pursuant to which he was appointed as the
Company's President, and there is no family relationship between Mr. Rapp
and any directors or executive officers of the Company. Mr.
Rapp has no direct or indirect material interest in any transaction required
to be disclosed pursuant to Item 404(a) of Regulation S-K.
In connection with his promotion, effective June 1, 2022, Mr. Rapp's annual
base salary was increased to $410,000, and his
incentive award opportunity under the Company's Annual Incentive Plan was increased from 40% of his base salary
to 50% of his base
salary, with a maximum stretch opportunity up to 75% of base salary, for the 2022 plan
year and beyond. Mr. Rapp also received a $10,000
cash promotion bonus.
In addition, on July 1, 2022, Mr. Rapp will receive equity awards under the Company's
Long Term Incentive Plan
consisting of (i) 5,000 time-based restricted stock units that vest ratably
in annual increments over three years and (ii) 5,000 stock
appreciation rights that vest ratably in annual increments over seven years
with a grant date fair value based on the date of the award.
For
awards granted under the Company's Long Term Incentive Plan after 2022, Mr. Rapp's
long term incentive opportunity will remain at 40%
of his base salary.
The foregoing compensation arrangements will be reflected in an amendment
and restatement of Mr. Rapp's previously
disclosed existing employment agreement with the Company.
Except for the foregoing changes and changes to reflect Mr. Rapp's new
title, the other materials terms of Mr. Rapp's existing employment agreement will remain
unchanged.
The foregoing summary of the terms of Mr. Rapp's amended and restated employment
agreement is not complete and is qualified
in its entirety by the full text of the amended and restated employment agreement
that the Company and Mr. Rapp will enter into, a copy of
which will be filed by the Company in a subsequent periodic report with the Securities and
Exchange Commission.
Item 7.01.
Regulation FD Disclosure.
The full text of the press release announcing Mr. Rapp's appointment
is attached as Exhibit 99.1 to this Current Report on Form
8-K and incorporated by reference int of this Item 7.01.
The information set forth in this Item 7.01, including Exhibit 99.1, is being
"furnished" and shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the
"Exchange Act"), or incorporated by reference in any filings under the Securities Act of 1933, as amended, or the Exchange Act, except as
expressly set forth by specific reference in such filing.
Item 9.01.
Financial Statements and Exhibits.
(d) Exhibits
99.1
Press Release Issued June 8, 2022
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURE
Pursuant
to
the requirements
of
the Securities
and
Exchange Act
of 1934,
the Registrant
has
duly
caused
this report
to be
signed
on its
behalf by the undersigned hereunto duly authorized.
Date:
June 8, 2022
CROSSFIRST BANKSHARES, INC.
By:
/s/ Benjamin R. Clouse
Benjamin R. Clouse
Chief Financial Officer