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 30, 2011
| SOUND FINANCIAL, INC. |
| (Exact name of Registrant as specified in its Charter) |
| United States | | 000-52889 | | 26-0776123 |
(State or other jurisdiction of incorporation) | | (Commission File No.) | | (IRS Employer Identification Number) |
| 2005 5th Avenue, Second Floor, Seattle, Washington | | 98121 |
| (Address of principal executive offices) | | (Zip Code) |
Registrant's telephone number, including area code: (206) 448-0884 |
| |
| 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:
| □ | 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)) |
EXPLANATORY NOTE:
This amendment to Form 8-K filed on January 4, 2012 corrects a typographical error stating the effective date of the freeze in the accrual of Ms. Stewart's Benefits is December 31, 2010 by inserting the correct effective date of the freeze in the accrual of Ms. Stewart's Benefits, which is December 31, 2011. The entire text of the Form 8-K, with this one correction, is reprinted below.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors, Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 30, 2011, Sound Community Bank (the “Bank”), the wholly owned operating subsidiary of Sound Financial, Inc. (the “Company”), amended the supplemental executive retirement plan (SERP) agreement with Laura Lee Stewart, a “named executive officer” of the Company. The Company and Ms. Stewart also agreed to an additional SERP agreement for Ms. Stewart as well as a Confidentiality, Non-Competition and Non-Solicitation Agreement as of this date. Ms. Stewart is the President and Chief Executive Officer of the Company and the Bank.
The SERP Agreement Addendum amends the agreements previously entered into with Ms. Stewart dated August 27, 2007. The foregoing descriptions of the Employment Agreement Addendums are qualified in their entirety by reference to the Employment Agreement Addendums that are attached hereto as Exhibit 10.1 of this Current Report, and is incorporated by reference into this Item 5.02.
Item 9.01 Financial Statements and Exhibits
(c) The following exhibit is filed as part of this report.
| Exhibit 10.1 | Amendment to Freeze Benefit Accruals under Executive Long Term Compensation Agreement for Laura Lee Stewart |
| Exhibit 10.2 | Supplemental Executive Retirement Agreement for Laura Lee Stewart |
| Exhibit 10.3 | Confidentiality, Non-Competition, and No-Solicitation Agreement for Laura Lee Stewart |
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.
| | SOUND FINANCIAL, INC. |
| | | |
| Date: January 4, 2011 | By: | /s/ Matthew P. Deines |
| | | Matthew P. Deines Executive Vice President and Chief Financial Officer |
| Exhibit Number | | Description |
| | | |
| Exhibit 10.1 | | Amendment to Freeze Benefit Accruals under Executive Long Term Compensation Agreement for Laura Lee Stewart |
| | | |
| Exhibit 10.2 | | Supplemental Executive Retirement Agreement for Laura Lee Stewart |
| | | |
| Exhibit 10.3 | | Confidentiality, Non-Competition, and No-Solicitation Agreement for Laura Lee Stewart |
