- Current report filing (8-K)
January 14 2009 - 2:30PM
Edgar (US Regulatory)
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):
January 8, 2009
Eagle Bancorp, Inc.
(Exact name of registrant as specified in its
charter)
Maryland
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0-25923
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52-2061461
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(State or other
jurisdiction
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(Commission file
number)
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(IRS Employer
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of
incorporation)
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Number)
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7815
Woodmont Avenue, Bethesda, Maryland 20814
(Address of
Principal Executive Offices) (Zip Code)
Registrants
telephone number, including area code:
301.986.1800
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 (See General Instruction A.2. below):
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
Item
5.02.
Departure of Directors or Principal Officers; Election
of Directors; Appointment of Principal Officers Compensatory Arrangements of
Certain Officers
(e)
On
January 8, 2009, the Executive Compensation Committee of the Board of
Directors of Eagle Bancorp, Inc. (the Company) authorized the payment of
the annual cash bonuses, and the award of options and restricted stock under
the Companys 2006 Stock Plan, to certain of the Companys executive officers
and the Vice Chairman of the Board of Directors, as set forth in the table
below. Additionally, Ms. Riels base salary was increase to an annual rate
of $275,600.
Name
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Title
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Cash Bonus
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Options
Awarded
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Restricted
Stock Awards
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Michael T. Flynn
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EVP & COO
Eagle
Bancorp, Inc.
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$
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28,200
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19,200
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Martha
Foulon-Tonat
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EVP &
Chief Lending Officer
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$
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39,334
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21,200
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James H.
Langmead
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EVP and CFO
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$
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44,118
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20,200
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Thomas D. Murphy
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President Montgomery
County Region
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$
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33,597
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9,400
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Ronald D. Paul
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President & CEO
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$
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74,115
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51,737
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30,763
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Susan G. Riel
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EVP & COO -
EagleBank
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$
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46,423
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32,000
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Janice Williams
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EVP Chief Credit
Officer
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$
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38,952
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26,600
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Barry C. Watkins
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President DC and
Virginia Region
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$
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20,000
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24,600
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Robert P. Pincus
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Vice Chairman
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54,000
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All options
granted to executive officers and directors have an exercise price of $6.34 per
share, and are subject to the terms of the 2006 Stock Plan. Options granted to
the Companys executive officers and Vice Chairman have a ten year term from
the date of grant. All options, (other
than Mr. Pauls) vest in five annual installments, commencing on the date of
grant. Restricted stock awards vest in five annual installments, commencing on
the date of grant. Mr. Pauls options vest as follows: 4,421 in 2016; 15,772 in
2017; 15,772 in 2018; and 15,772 in 2019.
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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EAGLE BANCORP, INC.
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By:
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/s/ Michael T. Flynn
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Michael T. Flynn,
Executive Vice President,
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Chief Operating Officer
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Dated: January 13,
2009
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2
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