- Current report filing (8-K)
May 04 2010 - 3:23PM
Edgar (US Regulatory)
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)
:
|
May
3, 2010
|
Republic
First Bancorp, Inc.
(Exact
name of registrant as specified in its charter)
Pennsylvania
(State
or other jurisdiction
of
incorporation)
|
000-17007
(Commission
File Number)
|
23-2486815
(I.R.S.
Employer
Identification
No.)
|
50
South 16th Street, Suite 2400, Philadelphia, PA 19102
(Address
of principal executive offices) (Zip code)
(215)-735-4422
(Registrant’s
telephone number, including area code)
Check the
appropriate box below if the Form 8-K is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following
provisions:
[ ]
|
Written
communications pursuant to Rule 425 under the Securities
Act
|
[ ]
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
|
[ ]
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange
Act
|
[ ]
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under 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 May 4,
2010, Republic First Bancorp, Inc. (the “Company”) publicly announced the
promotion of Andrew J. Logue, age 52, to the position of President and Chief
Operating Officer of Republic First Bank (the “Bank”), the Company’s
wholly-owned banking subsidiary, effective as of May 3,
2010. Harry D. Madonna, who had been the President and Chief
Executive Officer of the Company and the Bank, will continue to serve as Chief
Executive Officer of the Bank, and President and Chief Executive Officer of the
Company.
In
connection with Mr. Logue’s promotion, the Bank and Mr. Logue entered into an
amendment to employment agreement dated May 3, 2010, to reflect Mr. Logue’s
change in position, to increase his base salary and, subject to the approval of
the compensation committee of the board of directors of the Company, to provide
for a grant of options to purchase 20,000 shares of the Company’s common stock,
in accordance with the terms of the Company’s Amendment and Restatement No. 3 of
The Stock Option Plan and Restricted Stock Plan. The foregoing
description of the amendment does not purport to be complete and is qualified in
its entirety by reference to the amendment, which is filed as Exhibit 10.1
hereto, and is incorporated into this report by reference.
Prior to
his promotion, Mr. Logue served as Executive Vice President and Chief Operating
Officer of the Bank since August 20, 2008. Before joining the Bank,
Mr. Logue, served as Senior Vice President/Enterprise Risk Management for
Commerce Bank, N.A. and its successor TD Bank, N.A. from March 1991 to August
2008. Mr. Logue served in various functions during his tenure at
Commerce Bank, N.A.
Item
9.01 Financial Statements and Exhibits.
The
following exhibits are filed with this Form 8-K:
SIGNATURES
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.
|
REPUBLIC
FIRST BANCORP, INC.
|
Date: May
4, 2010
|
By:
/s/ Frank A.
Cavallaro
Frank A. Cavallaro
Senior Vice President
and
Chief Financial
Officer
|
EXHIBIT
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