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 22, 2007 (January 18, 2007)
FIRSTBANK FINANCIAL SERVICES, INC.
(Exact name of registrant as specified in charter)
Georgia | | 000-51147 | | 20-2198785 |
(State or other | | (Commission File | | (I.R.S. Employer |
jurisdiction of | | Number) | | Identification No.) |
incorporation) | | | | |
| | | | |
120 Keys Ferry Street, McDonough, Georgia | | 30253 |
(Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (678) 583-2265
Not Applicable
(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. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
(b) Because of a serious illness, James Randall Dixon, President and Chief Executive Officer of FirstBank Financial Services, Inc. (the “Registrant”) and FirstBank Financial Services, the Registrant’s bank subsidiary (the “Bank”), had been on a medical leave of absence. On January 13, 2007, Mr. Dixon passed away.
(c) On January 18, 2007, the Board of Directors appointed Thaddeus Williams as President and Chief Executive Officer of the Registrant and the Bank. Mr. Williams, formerly the Executive Vice President and Senior Lending Officer of the Bank, had been serving as the interim Chief Executive Officer since January 5, 2007.
Mr. Williams and his immediate family members have been customers of and have had banking transactions with the Bank. They are expected to continue these relationships with the Bank in the future. In management’s opinion, the loans obtained by Mr. Williams and his immediate family (a) were made in the ordinary course of business, (b) were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other unrelated persons and (c) did not involve more than a normal risk of uncollectibility or present other unfavorable features.
At this time, Mr. Williams will not receive any increase in compensation or enter into any additional contract or arrangement as a result of his designation.
2
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.
| FIRSTBANK FINANCIAL SERVICES, INC. |
| | |
| | |
| By: | /s/ Lisa J. Mawell |
| | Lisa J. Maxwell |
| | Senior Vice President and Chief Financial Officer |
| | |
| Date: | January 22, 2007 |
3
