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): June 8, 2005
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NORTH VALLEY BANCORP
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(Exact name of registrant as specified in its charter)
California 0-10652 94-2751350
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(State or other jurisdiction (File Number) (I.R.S. Employer
of incorporation) identification number)
300 Park Marina Circle, Redding, CA 96001
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(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: (530) 226-2900
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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 240.13c-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
As previously reported, effective May 31, 2005, the Employment
Agreement (and related compensation agreements) between Edward J.
Czajka and the registrant were terminated.
The registrant accepted the resignation of Edward J. Czajka, Executive
Vice President and Chief Financial Officer of the registrant, effective
as of May 31, 2005. Mr. Czajka has entered into a Severance and Release
Agreement with the registrant, confirming the termination of his
employment agreement, the payment of severance, and certain other
employment related matters. The Severance and Release Agreement became
final on June 7, 2005. A copy of the Severance and Release Agreement
between the registrant and North Valley Bancorp is attached to this
report as Exhibit 99.84 and is incorporated here by reference.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
99.84 Severance and Release Agreement with Edward J. Czajka
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.
NORTH VALLEY BANCORP
(Registrant)
Dated: June 8, 2005 By: /s/ LEO J. GRAHAM
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Leo J. Graham
General Counsel/Secretary
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