- Current report filing (8-K)
16 Dezember 2011 - 9:34PM
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):
December
13, 2011
WEST COAST BANCORP
(Exact
name of registrant as specified in charter)
Oregon
(State
or other jurisdiction of incorporation)
0-10997
(SEC
File Number)
93-0810577
(IRS
Employer Identification No.)
|
5335 Meadows Road, Suite 201
Lake Oswego, Oregon
(Address of principal executive offices)
|
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97035
(Zip Code)
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Registrant's
telephone number, including area code:
(503)
684-0884
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 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 5.02. Departure of
Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
(d) On December 13, 2011, the Board of Directors (the
“Board”) of West Coast Bancorp (the “Company”) increased the size of the Board by
one and appointed Henchy Enden to serve as a director of the Company, subject to
receipt of applicable regulatory approvals.
Ms. Enden will be compensated for her services as a
director consistent with the Company's compensation policies for nonemployee
directors generally. A discussion of the Company's director compensation arrangements
is included under the heading "Our Board of Directors, Non-Employee
Director Compensation for 2010" on pages 9-10 of the Company's definitive
proxy statement filed with the Securities and Exchange Commission on April 1,
2011.
Ms. Enden is an employee of MFP Investors, LLC. MFP
Partners, L.P., an affiliate of MFP Investors, obtained the right to designate
an observer to attend meetings of the Board of Directors of West Coast Bancorp
and West Coast Bank in connection with its participation in the Company’s
private placement transactions completed in October 2009. Ms. Enden has acted
as the designated observer since November 2009 and will continue in that role
until her appointment as a director receives required regulatory approvals.
Ms. Enden is expected to serve on the Compensation &
Personnel Committee and the Audit & Compliance Committee of the Board. There
are no relationships or transactions involving Ms. Enden that are required to
be disclosed pursuant to Item 404(a) of Regulation S-K.
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.
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WEST
COAST BANCORP
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Dated: December 16, 2011
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By:
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/s/ David C. Bouc
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|
|
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David
C. Bouc
Executive Vice President and
Secretary
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