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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) February 21, 2006
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IBT BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Pennsylvania 1-31655 25-1532164
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
309 Main Street, Irwin, Pennsylvania 15642
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (724) 863-3100
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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)).
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IBT BANCORP, INC.
INFORMATION TO BE INCLUDED IN REPORT
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Item 1.01 Entry into a Material Definitive Agreement
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On February 21, 2006, the Registrant entered into a Medical Insurance
Continuation Agreement with its President, Charles G. Urtin (the "Agreement").
The Agreement provides that if Mr. Urtin's employment is terminated by Irwin
Bank and Trust Company (the "Bank") for any reason prior to the date that Mr.
Urtin shall attain age 65, Mr. Urtin and his dependent family shall be eligible
to continue to participate in medical and dental insurance plans sponsored by
the Bank or the Registrant and any successor thereto, with the cost of such
premiums paid by the Bank until such time that Mr. Urtin and his spouse shall be
eligible for coverage under the Federal Medicare System or any successor
program.
A copy of the Agreement, is included with this Form 8-K as an exhibit.
Item 9.01 Financial Statements and Exhibits
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(d) The following exhibit is filed with this report.
Number Description
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10.1 Medical Insurance Continuation Agreement
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.
IBT BANCORP, INC.
Date: March 6, 2006 By: /s/Raymond G. Suchta
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Raymond G. Suchta
Chief Financial Officer
(Duly Authorized Representative)