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)
May 17, 2005
SUN BANCORP, INC.
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(Exact name of Registrant as specified in its Charter)
New Jersey 0-20957 52-1382541
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(State or other jurisdiction (SEC File No.) (IRS Employer
of incorporation) Identification
Number)
226 Landis Avenue, Vineland, New Jersey 08360
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (856) 691-7700
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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:
|_| Written communications pursuant to Rule 425 under the Securities Act
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act
SUN BANCORP, INC.
INFORMATION TO BE INCLUDED IN REPORT
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Item 5.04 Temporary Suspension of Trading Under Registrant's Employee Benefit
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Plans
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On May 17, 2005, the Registrant sent a notice to its directors and
executive officers informing them that a blackout period will be in effect
beginning on June 16, 2005 until August 19, 2005 (unless otherwise extended).
The blackout period is a result of the transition of the Sun National Bank
401(k) Savings Plan to a new plan administrator. The blackout period restricts
directors and executive officers from, directly or indirectly, purchasing,
acquiring, exercising, selling or otherwise transferring certain equity
securities of the Registrant. The notice was provided to the Registrant's
directors and executive officers in accordance with Section 306 of the
Sarbanes-Oxley Act of 2002 and Rule 104 of Regulation BTR.
A copy of the notice is attached as Exhibit 99 to this Current Report
on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
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(c)Exhibits:
Exhibit 99 - Form of Notice dated May 17, 2005
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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, thereunto duly authorized.
SUN BANCORP, INC.
Date: May 17, 2005 By: /s/Dan A. Chila
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Dan A. Chila
Executive Vice President and
Chief Financial Officer