Michael J. Maddox is the CEO of CrossFirst Bankshares, Inc., having taken on the role in 2020. He holds a business degree and a law degree, both from the University of Kansas. Before becoming CEO, he was the President and...

Michael J. Maddox is the CEO of CrossFirst Bankshares, Inc., having taken on the role in 2020. He holds a business degree and a law degree, both from the University of Kansas. Before becoming CEO, he was the President and CEO of CrossFirst Bank since 2008. Maddox has over 20 years of experience in banking, starting his career as a Regional President at Intrust Bank, where he managed operations in Northeast Kansas. He is known for being part of the University of Kansas basketball team that won the National Championship in 1988. As CEo, he emphasizes aligning executive compensation with company performance; his salary for 2023 was over $712,000 with substantial performance-based bonuses. Maddox sits on various boards, including the University's Dean's Advisory Board and the Civic Council of Kansas City, illustrating his active involvement in the community. Under his leadership, the company focuses heavily on financial metrics to drive performance, like Adjusted Earnings and Total Shareholder Return. Maddox's career reflects a commitment to developing the regional banking sector.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other CrossFirst Bankshares, Inc. CEOs

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Michael J. Maddox

CEO of CrossFirst Bankshares, Inc.

Education

Business degree in 1991 and a Law degree in 1994 from the University of Kansas

Field of Expertise

Finance & Banking - Banking

Sector of Economy

Financial Services

Born

January 1, 1970 - 55 years ago

CEO of CrossFirst Bankshares, Inc. for

5 years 0 months (Jun 2020 - Present)

Previous Experience

Regional President for Intrust Bank

Rivals

Competitors/colleagues of Michael J. Maddox

Holdings

See how much did Michael J. Maddox make over time.

Michael J. Maddox's holdings in CrossFirst Bankshares reflect his investment in the company's growth. Since taking over as CEO, his compensation structure has tied a significant portion to company performance, reinforcing a culture of accountability. In 2023, Maddox earned a...

Michael J. Maddox's holdings in CrossFirst Bankshares reflect his investment in the company's growth. Since taking over as CEO, his compensation structure has tied a significant portion to company performance, reinforcing a culture of accountability. In 2023, Maddox earned a total compensation of $1,338,296, with $712,500 as a base salary and an annual bonus that can vary based on the company's financial outcomes. His approach has led to an emphasis on performance-based incentives, with a commitment to hold a minimum of $400,000 in company equity, showing confidence in the company's direction and alignment with shareholder interests. His wealth is closely tied to CrossFirst's performance, encouraging transparency and commitment to strategic goals. This strong footing aligns him with the company’s success, emphasizing stability in leadership and fostering long-term growth.

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Charitable Transactions

CFB

300 shares

CFB

Recent Charitable Transactions

CFB

300 shares

CFB

May 21, 2019

Charity

Insider Trading

See recent insider trades of Michael J. Maddox.

CFB

21,519 shares

CFB

Mar 1, 2024

Received

CFB

4,725 shares

CFB

Feb 24, 2023

Received

CFB

$14.07K

CFB at $14.07/share

Nov 30, 2021

Purchase

CFB

$14.07K

CFB at $14.07/share

Nov 30, 2021

Purchase

CFB

$105.85K

CFB at $14.50/share

May 21, 2019

Received

CFB

300 shares

CFB

May 21, 2019

Charity

CFB

$340.00K

CFB at $17.00/share

May 21, 2019

Sale

Compensation History

See how much did Michael J. Maddox make over time.

In 2023, Michael J. Maddox's total compensation was $1,338,296. This included a base salary of $712,500 and a performance-based bonus of $514,823, which was deeply tied to CrossFirst Bank's financial performance metrics, like Adjusted PPCM – an indicator of profitability. Unlike traditional models, there were no stock options or equity awards vested that year, as the focus was mostly on cash compensation. This structure shows his alignment with company objectives and emphasizes performance over tenure. His past years reveal a pattern of increasing cash bonuses connected to successful yearly performance, reflecting a strong link to the company's overall success and reinforcing the idea that leadership pays for results. The structured compensation package also includes various other benefits which round out his executive remuneration, reinforcing the company's commitment to attract top talent in the banking industry.

Year

2023

Total Compensation

$1.33M

Salary

$712.50K

Board Justification

The compensation program is designed to align with stockholder interests, balancing risk and reward while attracting and retaining top talent.

Bonus

$514.82K

Board Justification

Annual cash bonus opportunity based on Company financial performance, including Adjusted PPCM, as well as individual performance

Other

$103.97K

Board Justification

Includes various benefits such as club dues, life insurance, and automobile expenses

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock vested in 2023 as the focus is on cash compensation and performance-based incentives

Performance Metrics

Compensation is based on financial performance metrics including Adjusted Earnings Per Share (EPS), Total Shareholder Return (TSR), and Adjusted Pre-Tax, Pre-Provision Contribution Margin (PPCM).

Other CrossFirst Bankshares, Inc. CEOs

Here are other CEOs of CrossFirst Bankshares, Inc.

George F. Jones, Jr.

Ex-CEO of CrossFirst Bankshares, Inc.

May 2018 - June 2020