UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
April 20, 2022
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SALISBURY BANCORP, INC.
(Exact name of registrant as specified in its charter)
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Connecticut (State of other jurisdiction of incorporation) | | 001-14854 (Commission File Number) | | 06-1514263 (IRS Employer Identification No.) |
5 Bissell Street, Lakeville, Connecticut (Address of principal executive offices) | | | 06039 (Zip Code) |
| | Registrant’s telephone number, including area code: (860) 435-9801 | |
| | (Former name or former address, if changed since last report) ________________________ | |
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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)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered |
| Common Stock, $0.10 par value per share | SAL | NASDAQ |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 5 - Corporate Governance and Management
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 21, 2022, Salisbury Bancorp, Inc. (the “Company”) announced the appointment of Stephen Scott as Executive Vice President, Chief Operating Officer of the Company’s subsidiary, Salisbury Bank and Trust Company (the “Bank”) effective May 2, 2022. Mr. Scott, age 39, most recently served as Chief Operating Officer at Fieldpoint Private for the past seven years. Prior to that, he served as Senior Manager, Global Loan Operations at GE Capital Real Estate (2012-2015) and Vice President, Loan Servicing at Union Savings Bank (2008-2012).
Section 8 - Other Events
On April 21, 2022, the Company issued a press release related to the appointment of Stephen Scott as Executive Vice President, Chief Operating Officer of Salisbury Bank and Trust Company effective May 2, 2022. A copy of such press release is attached hereto as Exhibit 99.1.
Section 9 - Financial Statements and Exhibits
| Item 9.01. | Financial Statement and Exhibits. |
| | (a) | Not Applicable. |
| | | |
| | (b) | Not Applicable. |
| | | |
| | (c) | Not Applicable. |
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| | (d) | Exhibits. |
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| | | Exhibit 99.1 | Press Release dated April 21, 2022. |
SIGNATURE
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.
| | | Salisbury Bancorp, Inc. |
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| Date: April 21, 2022 | By: | /s/ Richard J. Cantele, Jr. Richard J. Cantele, Jr. President and Chief Executive Officer |
