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): December 31, 2009
NORTH
CENTRAL BANCSHARES, INC.
(Exact
name of registrant as specified in its charter)
|
Iowa
|
0-27672
|
42-1449849
|
|
(State
of incorporation)
|
Commission
File No.
|
(I.R.S.
Employer Identification No.)
|
|
825
Central Avenue
|
|
Fort
Dodge, Iowa 50501
|
|
(Address
of principal executive offices) (Zip
Code)
|
Registrant’s
telephone number, including area code: (515) 576-7531
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 (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 Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Kyle C.
Cook, Chief Financial Officer and Treasurer resigned from First Federal Savings
Bank of Iowa (the “Bank”), the wholly owned subsidiary of North Central
Bancshares, Inc. (the “Company”) effective as of December 31,
2009. Mr. Cook’s departure did not result from any disagreement
between Mr. Cook and management or between Mr. Cook and the Company’s
independent registered public accountants. The Company has commenced a search
for a new Chief Financial Officer. Craig A. Steen, Controller, has
been appointed interim principal accounting officer of the Company.
In
connection with Mr. Cook’s departure, the Bank and Mr. Cook entered into a
Resignation, Settlement, and Release Agreement (the “Departure Agreement”) and a
Consulting Services Agreement dated as of December 31, 2009 (the “Consulting
Agreement”). The Departure Agreement included a release of claims by
Mr. Cook as well as confidentiality and other customary
provisions. The Departure Agreement also provides that the Bank and
its affiliates will indemnify Mr. Cook to the fullest extent permitted under
applicable law in connection with judicial or administrative proceedings on the
basis of his service as an employee or officer of the Bank. The
Consulting Agreement provides that Mr. Cook will be engaged by the Bank to
provide certain consulting services to the Bank, such services not to exceed 60
hours in a calendar month. The Bank shall pay Mr. Cook $100 per hour
in arrears for such consulting services. The Consulting Agreement can
be terminated on or after February 1, 2010 by written notice of either
party. The Consulting Agreement also contains a one year no
solicitation and confidentiality provisions.
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.
|
NORTH
CENTRAL BANCSHARES, INC.
|
|||
|
Date:
January 6, 2010
|
By:
|
/s/
David M. Bradley
|
|
|
David
M. Bradley
|
|||
|
Chairman,
President and Chief Executive
Officer
|
|||