UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): March 23, 2009
Bank of Commerce Holdings
| California | 0-25135 | 94-2823865 | ||
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification Number) |
| 1901 Churn Creek Road | ||
| Redding, California | 96002 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (530) 772-3955
N/A
(Former Name or Former Address, if changed since last report)
(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
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) | |
| 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)) |
Indicate the number of shares outstanding of each of the issuer’s class of common stock, as of the latest practicable date. March 20, 2009 8,711,495
Item 5.02 (c) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective April 1, 2009, Bank of Commerce Holdings and Redding Bank of Commerce has amended the Company’s Directors Deferred Compensation program. The amendment establishes an emergency distribution for unforeseeable emergencies, limits the amount of compensation that can be deferred to $500,000 and establishes the rate paid on the account as the Wall Street Journal prime rate plus three percent. Rates are adjusted on every January 1 and July 1st.
Item 9.01
Exhibit 10.9 — Amendment to the Redding Bank of Commerce Directors Deferred Compensation Agreement
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.
| March 23, 2009 | /s/ Linda J. Miles | |||
| By: Linda J. Miles | ||||
| Executive Vice President and Chief Financial Officer | ||||