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 20, 2009
ES BANCSHARES, INC.
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(Exact Name of Registrant as Specified in its Charter)
Maryland 000-52178 20-4663714
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(State or Other Jurisdiction) (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
68 North Plank Road, Newburgh, New York 12550
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (845) 561-0003
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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 (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
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[ ] 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.
On January 20, 2009, at ES Bancshares, Inc.'s (the "Company") and Empire State
Bank's, N.A. (the "Bank"), a wholly-owned subsidiary of the Company, regularly
scheduled board of directors meetings, the board promoted Philip Guarnieri to
President and Co-Chief Executive Officer of the Company and the Bank.
Previously, Mr. Guarnieri served as President and Chief Operating Officer of the
Company and the Bank.
Anthony P. Costa, the Company's and Bank's Chairman and Chief Executive Officer
will assume the title of Chairman and Co-Chief Executive Officer. Mr. Costa
stated, "Mr. Guarnieri's promotion to the position of President and Co-Chief
Executive Officer of the Company and the Bank is another important step in the
Company and Bank's plan for an orderly succession over the next two to three
years."
Mr. Guarnieri has over 33 years experience in the banking business with diverse
experience in lending, investment and operations. Mr. Guarnieri joined the Bank
during its formation. Mr. Guarnieri will continue to serve the Company and the
Bank as a member of the Board of Directors.
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.
ES BANCSHARES, INC.
DATE: January 28, 2009 By: /s/ Philip Guarnieri
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Philip Guarnieri
President and Co-Chief Executive Officer