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EX-10.55 - EXHIBIT 10.55 - CENTRA FINANCIAL HOLDINGS INC | c13089exv10w55.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 16, 2011
CENTRA FINANCIAL HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
West Virginia | 000-49699 | 55-0770610 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
990 Elmer Prince Drive, Morgantown, WV |
26505 |
|
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (304) 598-2000
(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:
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)) |
SECTION 5 CORPORATE GOVERNANCE AND MANAGEMENT
Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers. |
On February 16, 2011, the Compensation Committee of the Board of Directors of Centra Bank,
Inc. (the Bank), a wholly owned subsidiary of Centra Financial Holding, Inc. (the Company),
amended the Employment Agreement dated as of January 17, 2008 (as amended March 17, 2008, January
13, 2009, and September 23, 2010), with Douglas J. Leech (the Employment Agreement). The Company
agreed to this amendment. Mr. Leechs Employment Agreement has been amended to give the Bank the
sole discretion to make accelerated payments of deferred compensation under the Employment
Agreement, as permitted by Section 409A of the Internal Revenue Code of 1986, as amended, and the
Treasury Regulations thereunder, but only at the times and in the manner provided in the applicable
Treasury Regulations. This amendment reflects a similar term contained in Mr. Leechs other
deferred compensation agreements with the Bank and in the Banks deferred compensation arrangements
with other employees.
The foregoing description of the amendment to Mr. Leechs Employment Agreement does not
purport to be complete and is subject to, and is qualified in its entirety by, reference to the
full and complete terms of the amendment that is attached hereto as Exhibit 10.1 to this Current
Report on Form 8-K, and which is incorporated into this Item 5.02 by reference.
Item 9.01 Exhibits
Exhibit 10.55 Amendments to Employment Agreement of Douglas Leech
Signatures
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
February 23, 2011
Centra Financial Holdings, Inc. |
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By: | /s/ Darren K. Williams | |||
Darren K. Williams | ||||
Vice President and Chief Financial Officer |