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EX-10.27 - AMENDMENT TO SUPPLEMENTAL EMPLOYEE RETIREMENT ACCOUNTS - Bank of Commerce Holdingsd442709dex1027.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, 2012

 

 

Bank of Commerce Holdings

 

 

 

California   0-25135   94-2823865

(State or other jurisdiction

of incorporation or organization)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification Number)

1901 Churn Creek Road

Redding, California

  96002
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (530) 772-3952

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:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 142-12 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(b), (c), (e) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective November 21, 2012, Bank of Commerce Holdings and Redding Bank of Commerce amended the Salary Continuation Agreements for Patrick J. Moty, President and CEO and Linda J. Miles, EVP & Chief Operating officer for the purposes of adding language regarding the status of Specified Employees under Internal Revenue Code Section 409A. No modification herein is intended to violate the rules, regulations and/or the intent of Section 409A with respect to the form and/or timing of Executive’s applicable benefit payments. At all times the Agreement for the Executive shall be administered in compliance with Section 409A and the regulations promulgated thereto. No other changes to the original agreements have been made.

Item 9.01

Exhibit 10.27 Amendment to Supplemental Employee Retirement Accounts

 

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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.

 

November 21, 2012       /s/ Samuel D. Jimenez
      By: Samuel D. Jimenez
      Executive Vice President and
      Chief Financial Officer

 

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