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 (Date of earliest event reported) November 16, 2004
River Valley Bancorp
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(Exact Name of Registrant as Specified in Its Charter)
Indiana 000-21765 35-1984567
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
430 Clifty Drive, P.O. Box 1590, Madison, Indiana 47250-0590
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(Address of Principal Executive Offices) (Zip Code)
(812) 273-4949
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(Registrant's Telephone Number, Including Area Code)
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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 (see General Instruction A.2. below):
[ ] 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 March 15, 2005, the Board of Directors of River Valley Bancorp
considered and approved an increase in the meeting fees paid to Directors.
Specifically, the fee will increase from $250 per meeting attended to $500 per
meeting attended, effective as of April 20, 2005, the date of River Valley
Bancorp's Annual Meeting of Shareholders.
On February 15, 2005, the Board of Directors considered and approved the
First Amendment of the Director Deferred Compensation Master Agreement (the
"Amendment"). The purpose of the Amendment is to bring the Director Deferred
Compensation Master Agreement into compliance with the American Jobs Creation
Act of 2004 by, among other things, tracking the new tax legislation's
definitions of disability, financial hardship, and change in control, conforming
to new limitations and distribution requirements imposed by the tax legislation,
and providing for a lump sum payment of benefits upon a change in control of
River Valley Financial Bank. The Amendment will apply to benefits which accrue
after December 31, 2004. A copy of the Amendment is attached hereto as Exhibit
10.1 and incorporated herein by this reference.
On November 16, 2004, the Board of Directors considered and approved
payment of a year-end bonus to the employees of River Valley Financial Bank,
including a bonus in the amount of $2,803 payable on December 10, 2004 to
Matthew P. Forrester, the President and Chief Executive Officer of River Valley
Bancorp and River Valley Financial Bank.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
Jonnie L. Davis (age 70), who has been a member of the Board of Directors
of River Valley Bancorp since 1997, will be retiring as a Director at the
conclusion of her current term, effective April 20, 2005, at the Annual Meeting
of Shareholders. Ms. Davis is retiring because no person age 70 or older is
eligible for election or re-election to the Board of Directors of River Valley
Bancorp.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
10.1 First Amendment of the Director Deferred Compensation Master
Agreement, dated February 15, 2005
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 hereto duly authorized.
Date: March 21, 2005 RIVER VALLEY BANCORP
By: /s/ Larry C. Fouse
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Larry C. Fouse, Treasurer and
Chief Financial Officer
EXHIBIT INDEX
Exhibit Number Exhibit Description
10.1 First Amendment of the Director Deferred Compensation Master
Agreement, dated February 15, 2005