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):  November 6, 2019



Severn Bancorp, Inc.
(Exact name of the registrant as specified in its charter)



Maryland
000-49731
52-1726127
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(IRS Employer Identification No.)

200 Westgate Circle, Suite 200
Annapolis, Maryland
    
21401
(Address of principal executive offices)
 
(Zip Code)

410-260-2000
(Registrant’s telephone number)

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-4c)

Title of each class
 
Trading
Symbol(s)
 
Name of each exchange on which registered
Common Stock, $0.01 par value
 
SVBI
 
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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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 November 6, 2019, Eric M. Keitz resigned, effective December 31, 2019, as Executive Vice President and Chief Operating Officer of Severn Savings Bank, FSB (the “Bank”), a wholly-owned subsidiary of Severn Bancorp, Inc. (the “Company”). Mr. Keitz will continue in his current role as the Bank’s Executive Vice President and Chief Operating Officer of the Bank through December 31, 2019. Mr. Keitz will also continue to serve as a director of the Company and the Bank, where he has served since 2010 and 2009, respectively. Mr. Keitz is resigning to pursue other opportunities, and is not the result of any material disagreement with the Company, or the Bank, regarding its operations, policies or practices.

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.

 
SEVERN BANCORP, INC.
    
Dated:  November 8, 2019
By:
/s/Alan J. Hyatt
   
Alan J. Hyatt
   
Chairman, President and Chief Executive Officer



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