- Amended Current report filing (8-K/A)
January 30 2009 - 9:53AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K/A
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
|
|
0-25923
|
|
52-2061461
|
(State or other jurisdiction
|
|
(Commission file number)
|
|
(IRS Employer
|
of incorporation)
|
|
|
|
Number)
|
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))
|
This
Amendment to Current Report on Form 8-K/A is filed to correct the vesting
schedule of the awards of options (other than those granted to Mr. Paul )
and restricted stock made on January 8, 2009. Such awards vest in five annual installments
commencing on the first anniversary of the date of grant. Additionally, this amendment reflects that Ms. Riel
declined the increase in her base salary.
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, the Committee authorized an increase in Ms. Riels base
salary to an annual rate of $275,600, but Ms. Riel declined the increase.
Name
|
|
Title
|
|
Cash Bonus
|
|
Options
Awarded
|
|
Restricted
Stock Awarded
|
|
Michael
T. Flynn
|
|
EVP & COO Eagle Bancorp, Inc.
|
|
$
|
28,200
|
|
19,200
|
|
|
|
Martha
Foulon-Tonat
|
|
EVP & Chief Lending Officer
|
|
$
|
39,334
|
|
21,200
|
|
|
|
James
H. Langmead
|
|
EVP and CFO
|
|
$
|
44,118
|
|
20,200
|
|
|
|
Thomas
D. Murphy
|
|
President Montgomery County Region
|
|
$
|
33,597
|
|
9,400
|
|
|
|
Ronald
D. Paul
|
|
President and CEO
|
|
$
|
74,115
|
|
51,737
|
|
30,763
|
|
Susan
G. Riel
|
|
EVP & COO - EagleBank
|
|
$
|
46,423
|
|
32,000
|
|
|
|
Janice
Williams
|
|
EVP Chief Credit Officer
|
|
$
|
38,952
|
|
26,600
|
|
|
|
Barry
C. Watkins
|
|
President DC and Virginia Region
|
|
$
|
20,000
|
|
24,600
|
|
|
|
Robert
P. Pincus
|
|
Vice Chairman
|
|
|
|
54,000
|
|
|
|
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 those granted to Mr. Paul, vest in five annual
installments, commencing on the first anniversary of the date of grant. Restricted stock awards vest in five annual
installments, commencing on the first anniversary of 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.
2
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.
|
EAGLE
BANCORP, INC.
|
|
|
|
|
|
|
|
By:
|
/s/
Michael T. Flynn
|
|
|
Michael
T. Flynn, Executive Vice President,
Chief Operating Officer
|
|
|
|
Dated:
January 29, 2009
|
|
|
3
Eagle Bancorp (NASDAQ:EGBN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Eagle Bancorp (NASDAQ:EGBN)
Historical Stock Chart
From Jul 2023 to Jul 2024