UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): December 27, 2004
CAPITAL CORP OF THE WEST
(Exact Name of Registrant as Specified in Charter)
California 0-27384 77-0147763
(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification No.)
550 West Main Street, Merced, California 95340
(Address of Principal Executive Offices) (Zip Code)
(209) 725-2200
(Registrant's telephone number, including area code)
N/A
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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 21, 2004, the Board of Directors approved a Severance Agreement
("Agreement") for five senior executive officers of Capital Corp of the West.
The Agreement is a severance agreement that allows the five senior executive
officers to receive certain benefits in the event there is a change in control
at the Company. In addition to this Agreement, the Chief Financial Officer also
receives benefits under an employment agreement that was filed as Exhibit 10.6
of the Company's 1999 Form 10-K with the SEC, on or about March 17, 2000. A copy
of the Agreement approved on December 21, 2004 is contained in Exhibit 99.1 of
this filing.
ITEM 9.01 Financial Statements and Exhibits
(a) Financial Statements of Business Acquired.
Not Applicable
(b) Pro Forma Financial Information.
Not Applicable
(c) Exhibits
The exhibit list called for by this item is incorporated by reference to the
Exhibit Index filed as part of this report.
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.
Capital Corp of the West
(Registrant)
Dated: December 27, 2004 By /s/ David A. Curtis
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David A. Curtis
Vice President and Controller
Exhibit Index
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Exhibit
Number Description
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99.1 Severance Agreement
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