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): | January 5, 2009 |
CIB Marine Bancshares, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| Wisconsin | 000-24149 | 37-1203599 |
| _____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| N27 W24025 Paul Court, Pewaukee, Wisconsin | 53072 | |
| _________________________________ (Address of principal executive offices) | ___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 262-695-6010 |
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))
Item 1.01 Entry into a Material Definitive Agreement.
Effective December 31, 2009, Daniel J. Rasmussen ceased his employment with CIB Marine Bancshares, Inc. ("CIB Marine"), but he continues as the company's General Counsel and Corporate Secretary as a non-employee officer. On January 5, 2010, CIB Marine entered into a contract with an entity owned by Mr. Rasmussen, Corporate Legal Services, LLC, related to Mr. Rasmussen's services to CIB Marine, a copy of which is attached hereto as Exhibit 99.1.
Mr. Rasmussen had been employed by CIB Marine since 1999, and has served as its General Counsel and Secretary since April 2005. He will retain all titles and positions that he held with CIB Marine and its subsidiaries and subsidiaries or affilliates.
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.
| CIB Marine Bancshares, Inc. | ||||
| January 8, 2009 | By: | John P. Hickey, Jr. | ||
| Name: John P. Hickey, Jr. | ||||
| Title: President & CEO | ||||
Exhibit Index
| Exhibit No. | Description | |
99.1 | Services Agreement |
