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 22, 2014
PACIFIC FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
Washington
(State or other jurisdiction
of incorporation or organization) | 000-29829
(SEC File Number) | 91-1815009
(IRS Employer
Identification No.) |
1101 S. Boone Street
Aberdeen, Washington 98520-5244
(360) 533-8870
(Address, including zip code, and telephone number,
including area code, of Registrant's principal executive offices)
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 (b)Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
On December 17, 2014, Dennis A. Long, President and Chief Executive Officer of Pacific Financial Corporation (the Company), notified the Company of his decision to retire from the Company, effective June 1, 2015. While a successor has not been appointed at this time, the Company does have a succession plan to ensure there is no business interruption created by any executive departure.
Item 8.01 Other Events.
On December 19, 2014, Pacific Financial Corporation announced that its board of directors declared a cash dividend in the amount of $0.21 per share to all shareholders of record as of January 2, 2015, payable on January 15, 2015.
Item 9.01 Financial Statements and Exhibits
99.1 Press release issued December 19, 2014, announcing declaration of a cash dividend.
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.
| | PACIFIC FINANCIAL CORPORATION | |
| | | |
| DATED: December 22, 2014 | By: | /s/ Douglas N. Biddle | |
| | | Douglas N. Biddle
Chief Financial Officer | |
