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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): November 28, 2005
WESTBANK CORPORATION
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(Exact name of registrant as specified in its charter)
Massachusetts 0-12784 04-2830731
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
225 Park Avenue, West Springfield, Massachusetts 01089
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (413) 747-1400
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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ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
Pursuant to the transition rules provided under Section 409A of the
Internal Revenue Code of 1986, as amended, the Board of Directors of Westbank
Corporation has terminated the Westbank 1994 Executive Supplemental Retirement
Plan as of November 28, 2005. The payments of vested amounts accrued under this
plan (including the employer contribution for calendar 2005) will be made to the
participants in this plan as follows:
Donald R. Chase $ 323,380
John M. Lilly $ 47,270
Gary L. Briggs $ 42,044
The payments of the above listed amounts will be made as soon as practicable
after November 28, 2005, but in no event later than December 31, 2005.
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.
Dated: November 28, 2005 WESTBANK CORPORATION
By: /s/ Donald R. Chase
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Name: Donald R. Chase
Title: President and Chief Executive Officer