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
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| Date of Report (Date of Earliest Event Reported): | | December 27, 2004 |
CIB Marine Bancshares, Inc.
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(Exact name of registrant as specified in its charter)
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| Wisconsin | 000-24149 | 37-1203599 |
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(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
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| N27 W24025 Paul Court, Pewaukee, Wisconsin | | 53072 |
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(Address of principal executive offices) | | ___________
(Zip Code) |
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| Registrant’s telephone number, including area code: | | 262-695-6010 |
Not Applicable
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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))
Item 1.01. Entry into a Material Definitive Agreement.
On December 27, 2004, the registrant entered into an employment agreement with Michael J. Miller, its Executive Vice President and Chief Lending Officer. The agreement provides for his employment for a one-year term at a salary of $218,250 and the granting of stock options. A copy of the Agreement is attached as Exhibit 99.1 to this Report on Form 8-K and is incorporated into this item 1.01 by reference.
On December 27, 2004, the registrant entered into an employment agreement with Margaret A. Incandela, its Senior Vice President and Chief Credit Officer. The agreement provides for her employment for a one-year term at a salary of $160,050. A copy of the Agreement is attached as Exhibit 99.2 to this Report on Form 8-K and is incorporated into this item 1.01 by reference.
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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| | | CIB Marine Bancshares, Inc. |
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| December 27, 2004 | | By: | | Donald J. Straka
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| | | | | Name: Donald J. Straka |
| | | | | Title: Senior Vice President & Chief Legal Officer |
Exhibit Index
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| Exhibit No. | | Description |
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99.1 | | Miller Employment Agreement |
99.2 | | Incandela Employment Agreement |
