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): March 5, 2007
LNB BANCORP, INC.
(Exact name of registrant as specified in its charter)
Ohio 0-13203 34-1406303
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
457 Broadway, Lorain, Ohio 44052-1769
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (440) 244-6000
(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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Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective March 5, 2007, the Board of Directors of LNB Bancorp, Inc.
(the "Company") appointed Sharon L. Churchill, CPA, the Company's Controller and
Principal Accounting Officer, to the position of Chief Financial Officer of the
Company, making her the Company's Principal Financial Officer for Securities and
Exchange Commission ("SEC") reporting purposes. Ms. Churchill will also continue
to serve as the Company's Principal Accounting Officer.
Ms. Churchill, 52 years old, joined the Company in November 2005 as
Controller. She was appointed Principal Accounting Officer in April 2006. Prior
to joining the Company, Ms. Churchill served as Controller and Assistant Vice
President and Corporate Secretary for Tele-Communications, Inc. ("TCI") of Brook
Park, Ohio from 1988 to 2005, where she was responsible for all areas of
accounting, human resources and administrative operations. Prior to her role at
TCI, Ms. Churchill worked for Union National Mortgage Co. of Middleburg Heights,
Ohio as a staff accountant. A Certified Public Accountant, Ms. Churchill
graduated from Baldwin Wallace College.
Also effective March 5, 2007, the Board of Directors appointed Terry
M. White to the position of Chief Operating Officer of the Company. Mr. White
had previously served as Chief Financial Officer of the Company.
Mr. White, age 49, joined the Company as Chief Financial Officer in
April 2002. Prior to joining the Company, Mr. White was a Senior Vice President
of Austin Associates, LLC, an investment banking, strategic consulting and
financial management services firm. Mr. White entered into an employment
agreement with the Company upon joining it in 2002, the terms of which have been
previously disclosed in the Company's Form 10-K and proxy statement filings and
which is included as Exhibit 10(k) to the Company's Annual Report on Form 10-K
for the fiscal year ended December 31, 2006.
There are no family relationships between Ms. Churchill or Mr. White
and any director or executive officer of the Company or person nominated by the
Company to become a director or executive officer. There are no transactions in
which Ms. Churchill or Mr. White have an interest that are required to be
disclosed under Item 404(a) of Regulation S-K.
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.
LNB BANCORP, INC.
Date: March 5, 2007
By: /s/ Sharon L. Churchill
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Sharon L. Churchill
Chief Financial Officer