Cascade Financial Corp - Current report filing (8-K)
30 November 2007 - 10:20PM
Edgar (US Regulatory)
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 27,
2007
CASCADE
FINANCIAL CORPORATION
(Exact
Name of Registrant as Specified in Charter)
Washington
|
000-25286
|
91-1661954
|
State
of other jurisdiction of incorporation
|
(Commission
File Number)
|
(IRS
Employer Identification Number)
|
|
2828
Colby Avenue, Everett, WA 98201
|
(Address
of principal executive offices, including Zip Code)
|
|
(425)
339-5500
|
(Registrant’s
telephone number, including area
code)
|
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 Section Act (17 CFR
230.425).
[
]
Soliciting material pursuant to Rule 14a-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
1.01
|
Entry
into a Material Definitive
Agreement.
|
On
November 27, 2007, the employment agreement between Cascade Financial
Corporation (“Cascade”) and Carol K. Nelson (“Nelson”), the President and Chief
Executive Officer of the Cascade, and the change in control agreements with
Cascade’s six other executive officers (the “Agreements”) were amended primarily
to bring them into compliance with the requirements of Section 409A of the
Internal Revenue Code of 1986, as amended.
The
amendments were not intended to materially increase the benefits payable under
the Agreements.
The
amended employment agreement with Nelson is attached hereto as Exhibit
10.1. A form of the amended change in control agreement with the six
other executive officers is attached hereto as Exhibit 10.2. The
change in control agreements for the six other executive officers will be
attached as Exhibits 10.1-10.6 to the 2007 Annual Report on Form
10-K.
Cascade
does not have any material relationship with Nelson other than the employment
agreement and certain stock based compensation agreements between the Cascade
and Nelson.
Cascade
does not have any material relationship with the six other executive officers
other than the change of control agreement and certain stock based compensation
agreements between the Cascade and the six executive officers.
Item
9.01
|
Financial
Statements and Exhibits
|
10.1
|
Employment
Agreement by and between Carol K. Nelson and
Cascade
|
10.2
|
Form
of Amendment to Change of Control Agreement Dated November 27,
2007
|
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 thereunto
duly authorized.
Dated: November
30, 2007
|
By:
/s/
Carol K. Nelson
|
|
Its: President
and
CEO
|
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