Attached files
| file | filename |
|---|---|
| EX-10.2 - NON-SOLICITATION AND NON-COMPETITION AGREEMENT - BERKSHIRE HILLS BANCORP INC | v199853_ex10-2.htm |
| EX-10.1 - SEPARATION AND RELEASE AGREEMENT - BERKSHIRE HILLS BANCORP INC | v199853_ex10-1.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 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): October 21,
2010
BERKSHIRE HILLS BANCORP,
INC.
(Exact
Name of Registrant as Specified in its Charter)
|
Delaware
|
0-51584
|
04-3510455
|
||
|
(State
or Other Jurisdiction)
|
(Commission
File No.)
|
(I.R.S.
Employer
|
||
|
of
Incorporation)
|
Identification
No.)
|
|||
| 24 North Street, Pittsfield, Massachusetts |
01201
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|||
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
|||
Registrant’s
telephone number, including area code: (413)
443-5601
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 CertainOfficers.
On October 21, 2010, Berkshire Hills
Bancorp, Inc. and Berkshire Bank, a wholly owned subsidiary of Berkshire Hills
Bancorp, Inc., and Thomas W. Barney entered into a separation agreement and
release (“Separation Agreement”) and a non-solicitation and non-competition
agreement (“Non-Solicitation Agreement”) in connection with Mr. Barney’s
termination of employment as Senior Vice-President, Asset Management/Trust, of
Berkshire Bank, effective January 7, 2011. The Separation Agreement
provides for a payment to Mr. Barney of $230,000 in exchange for a release of
claims against Berkshire Hills Bancorp, Inc. and Berkshire
Bank. Under the Non-Solicitation Agreement, Mr. Barney must refrain
from competing with, or soliciting clients or employees of, Berkshire Hills
Bancorp, Inc. and Berkshire Bank through December 31, 2011.
The foregoing descriptions of the
Separation Agreement and the Non-Solicitation Agreement are qualified in their
entirety by reference to the copies of such agreements that are included as
Exhibits 10.1 and 10.2 to this Current Report and incorporated by reference into
this Item 5.02.
Item
9.01. Financial Statements and
Exhibits
(d) Exhibits.
|
Exhibit
No.
|
Description
|
|
10.1
|
Separation and Release Agreement |
|
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10.2
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Non-Solicitation and Non-Competition Agreement |
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.
| Berkshire Hills Bancorp, Inc. | |||
|
DATE: October
25, 2010
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By:
|
/s/ Kevin P. Riley | |
| Kevin P. Riley | |||
| Executive Vice President and Chief Financial Officer | |||