SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
F O R M 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) March 10, 2005
--------------------------
NORTH BAY BANCORP
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
California 0-31080 68-0434802
- ----------------------------------- ------------------ -------------------------
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
1190 Airport Road, Suite 101, Napa, California 94558
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (707) 257-8585
------------------------------
N/A
- --------------------------------------------------------------------------------
(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 Bonuses
- ----------------------
On March 10, 2005 , the Board of Directors of North Bay Bancorp paid
the 2004 bonuses to its executive officers. The following chart shows bonuses
paid in 2005 based on 2004 performance for each executive officer of North Bay:
Proposed
Employee Corp Title 2004
- -------- ---------- ----
Terry L. Robinson President & CEO North Bay Bancorp; CEO The
Vintage Bank $100,000
Glen C. Terry President, The Vintage Bank $65,000
John A. Nerland President, Solano Bank, a division of The Vintage
Bank $63,000
Kathi Metro-Chinberg Executive Vice President and Credit Administrator $48,000
Lee Ann Cimino Senior Vice President and Chief Financial Officer $32,000
Susan C. Fonseca Senior Vice President, Human Resources $32,000
2
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: March 17, 2005 NORTH BAY BANCORP
/s/ Terry L. Robinson
------------------------------------------------
Terry L. Robinson, President and Chief
Executive Officer (Principal Executive Officer)
3