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 27, 2009
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CAPE BANCORP, INC.
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(Exact Name of Registrant as Specified in its Charter)
Maryland 001-33934 26-1294270
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(State or Other Jurisdiction) (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
225 North Main Street, Cape May Courthouse, New Jersey 08210
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (609) 465-5600
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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 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 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On January 27, 2009, Herbert L. Hornsby's service as President and Chief
Executive Officer of Cape Bancorp, Inc. and Cape Bank was terminated. Mr.
Hornsby was succeeded by Michael D. Devlin as President and Chief Executive
Officer of Cape Bancorp, Inc. and Cape Bank. Mr. Devlin served as the Chief
Operating Officer of Cape Bank and Cape Bancorp, Inc. since the merger of
Boardwalk Bank into Cape Bank in January 2008. Cape Bancorp, Inc. and Cape Bank
also announced that Robert J. Boyer was promoted to Executive Vice President and
Chief Operating Officer, and that Guy Hackney, who was previously Senior Vice
President of Accounting and Finance, will succeed Mr. Boyer as Chief Financial
Officer of Cape Bancorp and Cape Bank. As disclosed in the Cape Bancorp Inc.
Proxy Statement dated July 16, 2008, Mr. Hornsby is entitled to payments
pursuant to his employment agreement of approximately $1.3 million. Mr.
Hornsby's service on the Boards of Directors of Cape Bancorp, Inc. and Cape
Bank, and all committee memberships, ceased as of the date of his termination of
employment. Biographical, compensatory and related party transaction information
regarding Messrs. Devlin and Boyer is disclosed in the Cape Bancorp Inc. Proxy
Statement dated July 16, 2008. Mr. Hackney served as Senior Vice President,
Accounting and Finance, at Cape Bank since the merger of Boardwalk Bank into
Cape Bank in January 2008. Prior to that, Mr. Hackney was Controller of
Boardwalk Bank for four years. Mr. Hackney has 29 years of banking experience.
Cape Bancorp, Inc. issued a press release on January 27, 2009 on these
changes of management. A copy of the press release is attached as Exhibit 99.1
to this report.
Item 9.01. Financial Statements and Exhibits
(a) Financial Statements of Businesses Acquired. Not applicable
(b) Pro Forma Financial Information. Not Applicable
(c) Shell Company Transactions. Not Applicable
(d) Exhibits.
Exhibit No. Description
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99.1 Press release, dated January 27, 2009,
issued by Cape Bancorp, Inc.
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.
CAPE BANCORP, INC.
DATE: February 2, 2009 By: /s/ Guy Hackney
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Guy Hackney
Chief Financial Officer
EXHIBIT INDEX
Exhibit Description
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99.1 Press release, dated January 27, 2009, issued by Cape Bancorp, Inc.