Current Report Filing (8-k)
July 06 2021 - 3:01PM
Edgar (US Regulatory)
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2021-06-30
2021-06-30
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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):
June 30, 2021
THE COMMUNITY FINANCIAL CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Maryland
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001-36094
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52-1652138
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(State or other jurisdiction of incorporation or organization)
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(Commission File Number)
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(IRS Employer Identification No.)
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3035 Leonardtown Road, Waldorf, MD,
20601
(Address of principal executive offices) (Zip Code)
(301) 645-5601
(Registrant’s
telephone number, including area code)
Not Applicable
(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:
☐ 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-4(c))
Securities registered pursuant to Section
12(b) of the Act:
Title of each class
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Trading symbol(s)
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Name of each exchange on which registered
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Common Stock, $0.01 par value per share
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TCFC
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The Nasdaq Stock Market LLC
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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
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Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
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On June
30, 2021, Community Bank of the Chesapeake (the “Bank”), the wholly owned subsidiary of The Community Financial Corporation,
extended the term of the consulting agreement by and between the Bank and James F. Di Misa (“Agreement”) through September
30, 2021. In addition to extending the term of the Agreement through September 30, 2021 (“extended term”), the Agreement
was amended to reflect the payment arrangement during the extended term, as well as requests for services following the expiration
of the extended term.
The foregoing
description of the amendment is a summary and it is qualified in its entirety by the amendment to the consulting agreement filed
as Exhibit 10.1 hereto which is incorporated herein by reference.
Item 9.01
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Financial Statements and Other Exhibits.
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SIGNATURE
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 thereunto duly authorized.
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THE COMMUNITY FINANCIAL CORPORATION
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Date:
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July 6, 2021
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By:
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William J. Pasenelli
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Chief Executive Officer
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