Attached files
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EX-10.1 - EXHIBIT 10.1 - SOUTH FINANCIAL GROUP INC | exhibit10.htm |
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): March 19, 2010
The
South Financial Group, Inc
|
(Exact name of registrant as specified in
its charter)
|
South
Carolina
|
0-15083
|
57-0824914
|
(State
or other jurisdiction
of incorporation)
|
(Commission
File Number)
|
(IRS
Employer
Identification Number)
|
102 South Main
Street,
Greenville, South Carolina
|
29601
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Registrant’s telephone number, including
area code: (864) 255-7900
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):
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))
Item 5.02 Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
5.02 (e)
As previously disclosed in filings with the
Securities and Exchange Commission (the “SEC”), The South Financial Group, Inc.
(“TSFG”) has entered into Supplemental Executive Retirement Agreements (the
“SERPs”) with each of its current executive officers, including all Named
Executive Officers (“NEOs”) set forth in its Preliminary Proxy Statement for its
2010 Annual Meeting (filed with the SEC on March 19, 2010).
On March 19, 2010, each of the above-mentioned
executive officers entered into letter amendments with TSFG, which froze the
accrual of benefits under the existing SERPs as of the effective date referenced
in the letter amendment.
This action was taken voluntarily and as an
expression of support for TSFG.
Copies of the letter amendments for the NEOs
are attached hereto as Exhibit 10.1.
Item 9.01 Financial Statements and
Exhibits
(d)
The following exhibits are being filed herewith:
Exhibit
No. Description
10.1
Letter Amendments
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 hereunto duly
authorized.
THE SOUTH FINANCIAL GROUP, INC. | |
March 25, 2010 |
By:
/s/
William P. Crawford, Jr.
William
P. Crawford, Jr.
Executive
Vice President and General Counsel
|