Attached files
| file | filename |
|---|---|
| EX-10.1 - EX-10.1 - Valley Commerce Bancorp | 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): January 1, 2012
VALLEY COMMERCE BANCORP
(Exact name of registrant as specified in its charter)
| California | 000-51949 | 46-1981399 |
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
| 701 W. Main Street Visalia, California |
93291 |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (559) 622-9000
N/A
(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))
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On January 1, 2012, Valley Commerce Bancorp (the “Company”) granted stock options representing the right to purchase 1,000 shares of the Company’s common stock to each of Roy O. Estridge, the Company’s Executive Vice President, Chief Financial Officer and Chief Operating Officer, and William R. Kitchen, the Company’s Executive Vice President and Chief Credit Officer. The options were granted pursuant to the Valley Commerce Bancorp 2007 Equity Incentive Plan and have an exercise price per share of $7.00 per share, which was the most the recently reported closing price of the Company’s common stock on the date of grant. The stock options are fully vested and exercisable as of the date of grant and will expire on December 31, 2021. The grants are evidenced by Stock Option Agreements in substantially the form attached as Exhibit 10.1 to this report.
| Item 9.01 | Financial Statements and Exhibits |
| Exhibit No. | Exhibit |
| 10.1 | Form of Stock Option Agreement |
| 2 |
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.
| Dated: January 5, 2012 |
Valley Commerce Bancorp | |
| By: | /s/Roy O. Estridge | |
| Roy O. Estridge | ||
| Executive Vice President, | ||
|
Chief Financial Officer, and | ||
| Chief Operating Officer | ||
| 3 |
EXHIBIT INDEX
10.1 Form of Stock Option Agreement
| 4 |