UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) February 16, 2007
FEDERAL HOME LOAN BANK OF BOSTON
(Exact name of registrant as specified in its charter)
Federally chartered corporation |
| 000-51402 |
| 04-6002575 |
(State or other jurisdiction |
| (Commission File Number) |
| (IRS Employer |
111 Huntington Avenue
Boston, MA 02199
(Address of principal executive offices, including zip code)
(617) 292-9600
(Registrant’s telephone number, including area code)
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 (see General Instruction A.2. below):
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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February 16, 2007, the board of directors of the Federal Home Loan Bank of Boston (the Bank) appointed John H. Ellis, director of Bank Newport in Newport, Rhode Island, to the Bank’s board, with a term commencing immediately and expiring on December 31, 2008. Mr. Ellis served as president and chief executive officer of Bank of Newport from 1999 until his retirement in 2003 after 42 years in banking. He previously served as a director of the Bank from January 1, 1998, until December 31, 2005. Mr. Ellis’ appointment will fill the board vacancy that resulted when the Bank’s regulator, the Federal Housing Finance Board, redesignated a Connecticut directorship to Rhode Island.
The Bank’s board also made the following committee assignments:
EXECUTIVE COMMITTEE
Chairman: | Robert F. Verdonck |
Vice Chairman: | Joyce H. Errecart |
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Committee Chair | Stephen F. Christy |
| Steven A. Closson |
| Arthur R. Connelly |
| Jan A. Miller |
| William P. Morrissey |
AUDIT COMMITTEE
Chair: Stephen F. Christy
Vice Chair: Joyce H. Errecart
Peter F. Crosby
John H. Ellis
Kevin M. McCarthy
FINANCE COMMITTEE
Chair: William P. Morrissey
Vice Chair: Mark E. Macomber
Steven A. Closson
John H. Ellis
Kevin M. McCarthy
GOVERNANCE/GOVERNMENT RELATIONS COMMITTEE
Chair: Steven A. Closson
Vice Chair: Arthur R. Connelly
James L. Taft, Jr.
Stephen F. Christy
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HOUSING & COMMUNITY DEVELOPMENT COMMITTEE
Chair: Arthur R. Connelly
Vice Chair: Jan A. Miller
Joyce H. Errecart
James L. Taft, Jr.
PERSONNEL COMMITTEE
Chair: Jan A. Miller
Vice Chair: Peter F. Crosby
Mark E. Macomber
William P. Morrissey
The chairman of the board is an ex-officio member of all committees of the board. This designation includes all of the privileges of committee membership, including the right to make motions and vote. However, the chairman is not counted in determining if a quorum is present at a committee meeting.
Item 7.01 Regulation FD Disclosure
On February 21, 2007, the Bank announced the appointment of John H. Ellis to its board. A copy of the related press release is attached as Exhibit 99.1 to this Current Report on Form 8-K. The information being furnished pursuant to Item 7.01 of this Current Report on Form 8-K and the information contained in Exhibit 99.1 shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under Section 18.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit Number |
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99.1 |
| Press release, dated February 21, 2007, issued by the Bank. |
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Signature(s)
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.
Federal Home Loan Bank of Boston | ||
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Date: February 21, 2007 | By: | /s/ Earl W. Baucom |
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| Earl W. Baucom |
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| Senior Vice President and Chief Accounting Officer |
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