- Current report filing (8-K)
December 22 2009 - 2:33PM
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)
December 22, 2009 (December 18, 2009)
Princeton National Bancorp, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
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0-20050
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36-3210283
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(Commission File Number)
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(IRS Employer Identification No.)
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606 South Main Street
Princeton, Illinois
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61356
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrants telephone number, including area code
(815) 875-4444
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.
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On December 18, 2009, Princeton National Bancorp, Inc. (the Company) entered into a
consulting agreement with Tony J. Sorcic, the Companys current President and Chief Executive
Officer, who has previously announced his retirement to be effective February 1, 2010. The
consulting agreement is to be effective immediately upon his retirement and will continue for the
six month period ending on July 31, 2010. Under the consulting agreement, the Company will pay Mr.
Sorcic a consultant fee of $10,000 per month. The consulting agreement is attached hereto as
Exhibit 10.1 and is incorporated herein by reference.
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Item 9.01
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Financial Statements and Exhibits.
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Exhibit 10.1
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Tony J. Sorcic Consulting Agreement
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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.
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PRINCETON NATIONAL BANCORP, INC.
(Registrant)
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By:
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/s/ Todd D. Fanning
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Todd D. Fanning, Executive Vice President
and Chief Financial Officer
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Dated: December 22, 2009
EXHIBIT INDEX
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Number
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Description
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Exhibit 10.1
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Tony J. Sorcic Consulting Agreement
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