V
Velarion™Intelligence
Sign InFree TrialBook a Walkthrough

Middlefield Banc Executive Compensation (FY24)

MBCN · Executive and director compensation, fiscal 2022 to 2024
Chief executive, fiscal 2024
◇
Ronald Zimmerly
Latest say-on-pay support
=
May 14, 2025
Velarion Member: every covered company in one industry, with dashboards, peer screens and board-ready briefs. Three seats, one year.

The Middlefield Banc brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
Data as of October 12, 2026Latest filing (8-K): May 19, 2025
12 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Middlefield Banc brief$1,500Get the executive brief
Velarion Member, one year
174 figures on this page: 164 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
What changed from fiscal 2023 to fiscal 2024
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Ronald Zimmerly: $641,684 → $1,263,438 (96.9% higher)
Say-on-pay support: 91.2% → 89.4% (1.8 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Middlefield Banc's chief executive and what were they paid?
Ronald Zimmerly, President & CEO, received $1,263,438 in total compensation for fiscal 2024. Zimmerly's total was 96.9% higher than the $641,684 reported for fiscal 2023.
What was Middlefield Banc's say-on-pay result?
Shareholders supported the say-on-pay proposal with 89.4% of votes cast for or against in favor at the meeting held May 14, 2025 for fiscal 2024.
Which companies are in Middlefield Banc's peer group?
The disclosed peer group includes BankFinancial Corporation, BCB Bancorp, Inc., Capital Bancorp, Inc., CF Bankshares Inc. and Enterprise Bancorp, Inc., among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James Heslop II
President and CEO from April 1, 2022
◇◇◇—◇—◇◇
Donald Stacy
CFO, SVP and Treasurer
◇◇◇—◇—◇◇
Ronald Zimmerly Jr.
President from December 1, 2022
◇—◇———◇◇
Thomas Caldwell
President and CEO until March 31, 2022
◇—————◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ronald Zimmerly
President & CEO
◇◇◇—◇—◇◇
Michael Ranttila
CFO, Treasurer and EVP
◇◇◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ronald Zimmerly
President & CEO
◇—◇—◇—◇◇
Michael Ranttila
CFO, Treasurer and EVP
◇—◇—◇—◇◇
Michael Cheravitch
EVP, Chief Banking Officer
◇◇◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2024
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Michael C. RanttilaRSU◇——◇——◇
Michael C. RanttilaPSU◇◇◇—◇—◇
Michael L. CheravitchRSU◇——◇——◇
Michael L. CheravitchPSU◇◇◇—◇—◇
Ronald L. Zimmerly JrRSU◇——◇——◇
Ronald L. Zimmerly JrPSU◇◇◇—◇—◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2024 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Michael RanttilaPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Michael CheravitchPSU◇◇——
PSU◇◇——
PSU◇◇——
Ronald ZimmerlyPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2024
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William J. Skidmore
Board chair
◇◇————◇
Michael C. Voinovich
◇◇————◇
Carolyn J. Turk
◇◇————◇
Kenneth E. Jones
◇◇———◇◇
Thomas W. Bevan
◇◇————◇
Darryl E. Mast
◇◇————◇
James J. McCaskey
◇◇————◇
Jennifer L. Moeller
◇◇————◇
Kevin A. DiGeronimo
◇◇————◇
Spencer T. Cohn
◇—————◇
Mark R. Watkins
◇—————◇
Ronald L. Zimmerly Jr served on the board in fiscal 2024 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Board meeting fee◇
Committee meeting fee◇
Equity is delivered as Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
  • BankFinancial Corporation BFIN
  • BCB Bancorp, Inc. BCBP
  • Capital Bancorp, Inc. CBNK
  • CF Bankshares Inc. CFBK
  • Enterprise Bancorp, Inc. EBTC
  • Farmers & Merchants Bancorp, Inc. FMAO
  • Farmers National Banc Corp. FMNB
  • First Savings Financial Group, Inc. FSFG
  • Franklin Financial Services Corporation FRAF
  • HBT Financial, Inc. HBT
  • LCNB Corp. LCNB
  • Meridian Corporation MRBK
  • Peoples Financial Services Corp. PFIS
  • Primis Financial Corp. FRST
  • SB Financial Group, Inc. SBFG

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2024May 14, 2025=◇◇◇
2023May 15, 2024=◇◇◇
2022May 10, 2023=◇◇◇
2021May 11, 2022=◇◇◇
2020May 12, 2021=◇◇◇
2019May 13, 2020=◇◇◇
2018May 15, 2019=◇◇◇
2017May 16, 2018=◇◇◇
2016May 10, 2017=◇◇◇
2015May 11, 2016=◇◇◇

Velarion Pro: every company page, peer tools and exports, one seat

One seat, one person. It opens the whole platform: the peer tools, the written analysis and the exports, on every company we cover. Join the list and you will hear from us when it opens.
Your address is used for this and nothing else, and you can unsubscribe in one click. See the privacy policy.

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Ronald Zimmerly (President & CEO), FY2024 total compensation $1,263,438 (base salary $475,000) [exec_comp, SEC accession 0001174947-25-000521, filed 2025-04-04]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

Email me this page as a cited PDF — sent in 2 minutes
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.
Tell me when Middlefield Banc files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact Middlefield Banc disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Middlefield Banc sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about access
Multiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion Intelligence
Join the list for Peer Group Review
Whether Middlefield Banc's disclosed peer group is defensible, who names Middlefield Banc back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
174 figures on this page: 164 cited to the filing that reported them, 10 calculated from figures it prints.
164 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001193125-25-122483
    ITEM 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001174947-25-000521
    Grants of Plan-Based Awards
  3. 0001193125-24-142236
    56,923 Ron L. Zimmerly, Jr. 4,689,424 408,927 1,056,923 Proposal 2.
  4. 0001193125-23-144293
    ITEM 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001193125-23-090602
  6. 0001193125-22-148162
    ITEM 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001193125-21-160085
    ITEM 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-20-143226
    ITEM 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001193125-19-150016
    ITEM 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001193125-18-168787
    ITEM 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001193125-17-169496
    ITEM 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001193125-16-588406
    ITEM 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Middlefield Banc executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/MBCN (accessed 2026).
Short form: data: Velarion

The Middlefield Banc brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
12 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about Middlefield Banc and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Setup guide and the full list of questions it answers

Peers Middlefield Banc discloses

The companies named in MBCN's own disclosed peer group.

BankFinancial CorporationBCB Bancorp, Inc.Capital Bancorp, Inc.CF Bankshares Inc.Enterprise Bancorp, Inc.Farmers & Merchants Bancorp, Inc.Farmers National Banc Corp.First Savings Financial Group, Inc.Franklin Financial Services CorporationHBT Financial, Inc.LCNB Corp.Meridian CorporationPeoples Financial Services Corp.Primis Financial Corp.SB Financial Group, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  All companies · The Pay Desk · Methodology · Terms · Privacy