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: July 28, 2008
FIRSTBANK CORPORATION
(Exact Name of Registrant as Specified in Charter)
Michigan
(State or Other Jurisdiction
of Incorporation) | 000-14209
(Commission
File Number) | 38-2633910
(IRS Employer
Identification No.) |
311 Woodworth Avenue
Alma, Michigan
(Address of principal executive office) | 48801
(Zip Code) |
Registrant’s telephone number, including area code:(989) 463-3131
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)).
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
| (e) | On July 28, 2008, Firstbank Corporation granted restricted shares of its common stock to certain officers: |
| |
|---|
| | |
| | | | | | |
| William L. Benear | | | 1,000 shares | | |
| Dale E. Peters | | | 1,500 shares | | |
| Thomas R. Sullivan | | | 2,000 shares | | |
| James E. Wheeler II | | | 1,100 shares | | |
Each of the restricted stock grants vests 20% per year over five years. In addition, vesting is accelerated and all such restricted shares become vested if the closing price of Firstbank Corporation common stock is $20.00 per share or higher. Vesting also accelerates upon death, disability or retirement.
SIGNATURE
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.
| Dated: July 31, 2008 | | FIRSTBANK CORPORATION
(Registrant)
By: /s/ Samuel G. Stone
——————————————
Samuel G. Stone
Executive Vice President and CFO |
