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 24, 2005
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NORTH BAY BANCORP
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(Exact name of registrant as specified in its charter)
California 0-31080 68-0434802
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(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
1190 Airport Road, Suite 101, Napa, California 94558
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (707) 257-8585
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N/A
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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
(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-4c))
Item 1.01 Entry into a Material Definitive Agreement
Setting Annual Base Salaries
On January 24, 2005, the Board of Directors of North Bay Bancorp set
the annual base salaries for its executive officers. The following chart shows
the 2004 base salary, bonuses paid in 2004 (based on 2003 performance), and the
2005 base salary for President and CEO Terry Robinson and for each executive
officer whose compensation exceeded $100,000 for 2004. New base salaries will be
effective February 1, 2005.
Corp 2004
Name Position Title 2004 Base Bonus(1) Total 2005 Base
- ---- -------- ----- --------- -------- ----- ---------
Terry Robinson Chief Executive Officer CEO $212,000 $52,700 $264,700 $212,000
Glen Terry President - The Vintage Bank CEO 151,000 39,000 190,000 155,000
John Nerland President - Solano Bank CEO 130,000 35,600 165,600 134,000
Kathi Metro Credit Administrator EVP 127,000 27,300 154,300 130,000
LeeAnn Cimino Chief Financial Officer SVP 91,000 17,600 108,600 95,000
Susan Fonseca Human Resources Manager SVP 87,000 20,600 107,600 90,000
Suzette Junier Information Services Manager SVP 85,500 17,000 102,500 90,000
(1) Paid in 2004 but based on 2003 performance.
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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 hereunto duly authorized.
Date: January 24, 2005 NORTH BAY BANCORP
/s/ Terry L. Robinson
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Terry L. Robinson, President and Chief
Executive Officer (Principal Executive Officer)
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