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 17, 2008
MACATAWA BANK CORPORATION
(Exact name of Registrant as specified in its charter)
Michigan
(State or Other Jurisdiction
of Incorporation) | 000-25927
(Commission File No.) | 38-3391345
(IRS Employer
Identification No.) |
10753 Macatawa Drive, Holland, MI
(Address of Principal Executive Offices) | 49424
(Zip Code) |
616 820-1444
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if changed Since Last Report)
[_] 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 PRINCIPAL OFFICERS, ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS |
Executive Compensation
On January 17, 2008, the independent members of the Board of Directors set the following annual salaries for 2008 for the persons indicated:
| Name: | 2008 Annual Salary |
|---|
| |
| Benj. A. Smith, III | | | $ | 200,000 | |
| Philip J. Koning | | | $ | 300,000 | |
| Ronald L. Haan | | | $ | 300,000 | |
| Jon W. Swets | | | $ | 200,000 | |
SIGNATURES
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.
Dated: January 22, 2008 | | MACATAWA BANK CORPORATION
By /s/ Jon W. Swets
——————————————
Jon W. Swets
Chief Financial Officer |
