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EX-10.1 - EXHIBIT 10.1 - YADKIN FINANCIAL Corpexhibit101.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): June 29, 2015


YADKIN FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)


North Carolina
 
000-52099
 
20-4495993
(State or other jurisdiction of
incorporation or organization)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)

3600 Glenwood Avenue, Suite 300
Raleigh, North Carolina 27612
(Address of principal executive offices, including zip code)

(919) 659-9000
(Registrant’s telephone number, including area code)

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 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 June 30, 2015, Joseph H. Towell transitioned from his position as Executive Chairman and assumed his new role as Chairman of the Board of Directors of the Company. 
The terms and conditions related to Mr. Towell’s employment and his position following his employment are outlined in the Severance Agreement and Release of Claims dated June 29, 2015, attached hereto as Exhibit 10.1.




Item 9.01
Financial Statements and Exhibits.

(d)
Exhibits

Exhibit No.
Description of Exhibit

10.1
Severance Agreement and Release of Claims by and among Yadkin Bank and Joseph H. Towell
dated June 29, 2015








SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 2, 2015
YADKIN FINANCIAL CORPORATION
 
 
 
 
 
 
By:
/s/ Terry S. Earley
 
 
 
Terry S. Earley
 
 
 
Executive Vice President and Chief Financial Officer
 






EXHIBIT INDEX

Exhibit No.
Description of Exhibit

10.1
Severance Agreement and Release of Claims by and among Yadkin Bank and Joseph H. Towell dated June 29, 2015