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): September 27, 2007
BANK OF COMMERCE HOLDINGS
(Exact name of Registrant as specified in its charter)
| | | | | |
| California | | 0-25135 | | 94-2823865 |
| | | | | |
(State or other jurisdiction
of incorporation or organization) | | (Commission File Number) | | (I.R.S. Employer
Identification No.) |
| | | | | |
1951 Churn Creek Road
Redding, California | | | | 96002 |
| | | | | |
(Address of principal executive
offices) | | | | (Zip Code) |
Registrant’s telephone number, including area code: (530) 224-3333
N/A
(Former Name or Former Address, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, no par value per share
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 142-12 under the Exchange Act (17 CFR 240.14a-12) |
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| 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© under the Exchange Act (17 CFR 240.13e-4(c )) |
Indicate the number of shares outstanding of each of the issuer’s class of common stock, as of the latest practicable date. September 27, 2007: 8,894,195
Item 5.02(b), (c), (e) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously reported, on August 28, 2007, the Board of Directors of the Company elected Patrick J. Moty to the position of President and Chief Executive Officer of the Company and its subsidiaries. Mr. Moty was born in 1957. Prior to his election as President and Chief Executive Officer, he served as Executive Vice President & Chief Credit Officer for the Company since December 2005. Prior to that, he served as the Company’s Senior Vice President and Chief Credit Officer since 2000; Senior Vice President and Senior Loan Officer since 1998; Vice President and Senior Loan Officer since 1993; Vice President and Loan Officer since 1988; and Assistant Vice President and Loan Officer since 1987. Mr. Moty joined the company in 1985 as a Loan Officer following four years in lending at a large regional financial institution. No changes in existing compensation arrangements had been made with Mr. Moty in connection with the election as President and CEO.
Effective September 27, 2007, Bank of Commerce Holdings and Redding Bank of Commerce entered into an Executive Employment Agreement and Salary Continuation Agreement with Patrick J. Moty.
Item 9.01
Exhibit 10.22 Employment Agreement — Patrick J. Moty
Exhibit 10.23 Salary Continuation Agreement – Patrick J. Moty
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.
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| September 27, 2007 | | /s/ Linda J. Miles |
| | | |
| | | By: Linda J. Miles |
| | | Executive Vice President and Chief Financial Officer |
