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 18, 2005
MISSION COMMUNITY BANCORP
(Exact name of Registrant as specified in its charter)
CALIFORNIA |
| 333-12982 |
| 770559736 |
(State or other jurisdiction |
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| (I.R.S. Employer |
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581 Higuera Street, San Luis Obispo, CA |
| 93401 | ||
(Address of principal executive office) |
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(Former name or former address, if changed since last report)
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Appointment of Principal Officers
On January 18, 2005, Ronald B. Pigeon joined Mission Community Bank as its Executive Vice President/Chief Financial Officer, after receiving all required regulatory approvals and being appointed by the bank’s Board of Directors on December 20, 2004. Mr. Pigeon was also appointed by the Company’s Board of Directors to serve as Chief Financial Officer for Mission Community Bancorp.
Mr. Pigeon will assume all responsibilities of the Chief Financial Officer position, including SEC, financial and regulatory reporting. Mr. Pigeon is a Certified Public Accountant and holds a MBA degree from Wayne State University, Detroit, Michigan. During the past five years, Mr. Pigeon held the positions of Senior Vice President and Controller with Humboldt Bancorp located in Roseville, California (2003 to 2004); and Controller and Chief Financial Officer for 722 Redemption Funding, Inc. located in Cincinnati, Ohio (1999 to 2003). He also served as the Controller for Trans Financial, Inc. located in Bowling Green, Kentucky, a $2 billion publicly held bank and holding company from 1993 to 1998.
Mr. Pigeon will not serve as a member of the Board of Directors of Mission Community Bank or Mission Community Bancorp; and further, there are no family relationships among the company’s directors and executive officers.
The terms of Mr. Pigeon’s employment are an annual base salary of $120,000.00 per year, plus discretionary bonuses, plus a $400.00 per month automobile allowance. Additional benefits include customary medical and dental benefits; eligibility to participate in the Company’s Stock Option Plan; eligibility to participate in the Company’s 401(k) and Profit Sharing Plan; Life Insurance Policy at a specified amount; moving expense reimbursement of $5,000.00; and all other customary benefits. In addition, a Change of Control Agreement (“Agreement”) will be entered into between Mr. Pigeon and Mission Community Bank, which will provide for salary continuation benefits for a period of six months in the event of applicable occurrences as specified within the Agreement.
Item 9.01. Financial Statement and Exhibits
(a) Financial statements of businesses required
None
(b) Pro forma financial information
None
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(c) Exhibits
99.1 Press Release dated January 18, 2005
99.2 Change in Control Agreement
Forward Looking Statements
This Form 8-K includes forward-looking information, which is subject to the “safe harbor” created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act ant the Private Securities Litigation Reform Act of 1995. When the Company uses or incorporates by reference in this Annual Report on Form 10-KSB the words “anticipate,” “estimate,” “expect,” “project,” “intend,” “commit,” “believe” and similar expressions, the Company intends to identify forward-looking statements.
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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 hereunto duly authorized.
Dated:January 18, 2005 | MISSION COMMUNITY BANCORP | ||
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| By: /s/ ANITA M. ROBINSON |
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| Anita M. Robinson | |
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| President and Chief Executive Officer | |
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