Attached files
| file | filename |
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| EX-10.2 - EXHIBIT 10.2 - Embassy Bancorp, Inc. | ex10_2.htm |
| EX-10.4 - EXHIBIT 10.4 - Embassy Bancorp, Inc. | ex10_4.htm |
| EX-10.3 - EXHIBIT 10.3 - Embassy Bancorp, Inc. | ex10_3.htm |
| EX-10.1 - EXHIBIT 10.1 - Embassy Bancorp, Inc. | 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): November 21, 2011
EMBASSY BANCORP, INC.
(Exact name of registrant as specified in its charter)
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Pennsylvania
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000-1449794
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26-3339011
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(State or other jurisdiction of incorporation)
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(Commission File Number) Identification No.)
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(IRS Employer
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100 Gateway Drive, Suite 100
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Bethlehem, PA
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18017
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code: (610) 882-8800
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:
o Written communications pursuant tor 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))
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Item 5.02
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Compensatory Arrangements of Certain Officers.
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On November 21, 2011, Embassy Bank for the Lehigh Valley (the “Bank”), the primary operating subsidiary of Embassy Bancorp, Inc., entered into an amendment (the “Amendment”) to each of the supplemental executive retirement plan agreements between the Bank and David M. Lobach, Jr., Chairman, President and Chief Executive Officer, Judith A. Hunsicker, Chief Financial Officer, and James R. Bartholomew, Executive Vice President.
Each of the Amendments clarify that if it were determined that any payment under these agreements are subject to the excise tax imposed by Section 4999 of the Internal Revenue Code, the amounts payable to such executive under his or her agreement will be adjusted upward such that the executive will be in the same after-tax position as if no excise tax had been imposed. Additionally, the Amendments entered into between the Bank and each of Ms. Hunsicker and Mr. Bartholomew provide for an increase in the annual benefit payable thereunder from $150,000 to $165,000, in the case of Ms. Hunsicker, and $85,000 to $95,000, in the case of Mr. Bartholomew.
The foregoing description of the Amendments is qualified in its entirety by reference to the actual Amendments filed herewith as Exhibits 10.1, 10.2, 10.3, and 10.4, which are incorporated herein by reference.
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Item 9.01.
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Financial Statements and Exhibits.
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(d)
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Exhibits
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Exhibit No.
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Description
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10.1
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Amendment No. 1 to Supplemental Executive Retirement Plan Agreement between Embassy Bank for the Lehigh Valley and David M. Lobach, Jr., dated November 21, 2011.
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10.2
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Amendment No. 1 to Amended and Restated Supplemental Executive Retirement Plan Agreement between Embassy Bank for the Lehigh Valley and David M. Lobach, Jr., dated November 21, 2011.
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10.3
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Amendment No. 1 to Amended and Restated Supplemental Executive Retirement Plan Agreement between Embassy Bank for the Lehigh Valley and Judith A. Hunsicker, dated November 21, 2011.
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10.4
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Amendment No. 1 to Amended and Restated Supplemental Executive Retirement Plan Agreement between Embassy Bank for the Lehigh Valley and James R. Bartholomew, dated November 21, 2011.
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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.
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EMBASSY BANCORP, INC.
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Date: November 23, 2011
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By:
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/s / Judith A. Hunsicker
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Name:
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Judith A. Hunsicker
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Title:
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Senior Executive Vice President,
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Chief Operating and Financial Officer
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EXHIBIT INDEX
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Exhibit No.
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Description
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Amendment No. 1 to Supplemental Executive Retirement Plan Agreement between Embassy Bank for the Lehigh Valley and David M. Lobach, Jr., dated November 21, 2011.
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Amendment No. 1 to Amended and Restated Supplemental Executive Retirement Plan Agreement between Embassy Bank for the Lehigh Valley and David M. Lobach, Jr., dated November 21, 2011.
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Amendment No. 1 to Amended and Restated Supplemental Executive Retirement Plan Agreement between Embassy Bank for the Lehigh Valley and Judith A. Hunsicker, dated November 21, 2011.
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Amendment No. 1 to Amended and Restated Supplemental Executive Retirement Plan Agreement between Embassy Bank for the Lehigh Valley and James R. Bartholomew, dated November 21, 2011.
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