-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, I+KAVVyov1K3wZLi+4mSB3S9fpH2Hne5NXApOdXTEyWeqU58UpVfKNhIDFr2BYQk vAtqe2vgTd1vB2cqyGh0Kg== 0001013796-08-000016.txt : 20080416 0001013796-08-000016.hdr.sgml : 20080416 20080416164208 ACCESSION NUMBER: 0001013796-08-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080415 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20080416 DATE AS OF CHANGE: 20080416 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TIB FINANCIAL CORP. CENTRAL INDEX KEY: 0001013796 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 650655973 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21329 FILM NUMBER: 08760175 BUSINESS ADDRESS: STREET 1: 599 9TH STREET NORTH STREET 2: SUITE 101 CITY: NAPLES STATE: FL ZIP: 34102-5624 BUSINESS PHONE: 239-263-3344 MAIL ADDRESS: STREET 1: 599 9TH STREET NORTH STREET 2: SUITE 101 CITY: NAPLES STATE: FL ZIP: 34102-5624 FORMER COMPANY: FORMER CONFORMED NAME: TIB FINANCIAL CORP DATE OF NAME CHANGE: 19960508 8-K 1 tib8k041508.htm TIB FINANCIAL CORP. 8-K tib8k041508.htm
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


April 15, 2008
Date of Report (Date of earliest event reported)


TIB FINANCIAL CORP.
(Exact name of registrant as specified in its charter)



Florida
  
0000-21329
  
65-0655973
(State or other jurisdiction
of incorporation)
 
 
  
(Commission file number)
  
(IRS employer identification number)
599 9th Street North, Suite 101
Naples, Florida
      
34102-5624
(Address of principal executive offices)
 
      
(Zip Code)
   
(239) 263-3344
    
(Registrant's telephone number, including area code)
 
 
   
Not Applicable
    
(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))


 
 
 

ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENT OF CERTAIN OFFICERS

As of April 15, 2008, TIB Financial Corp., pursuant to the approval of its Compensation Committee and Board of Directors, has made the following adjustments to executive officers’ compensation and equity awards in connection with the Company’s annual executive officer performance review and compensation evaluations.

·  
Edward V. Lett, Chief Executive Officer and President of TIB Financial Corp. – Mr. Lett’s base salary was increased from $350,000 to $360,500, effective January 1, 2008.

·  
Michael D. Carrigan, Chief Executive Officer and President of TIB Bank – Mr. Carrigan’s base salary was increased from $225,000 to $265,000, effective January 1, 2008. On March 25, 2008, Mr. Carrigan was awarded 5,300 shares of restricted stock which provide dividend and voting rights and vest over five years.

·  
Stephen J. Gilhooly, Executive Vice President, Chief Financial Officer of TIB Financial Corp. – Mr. Gilhooly's base salary was increased from $210,00 to $220,000, effective April 1, 2008. On March 25, 2008, Mr. Gilhooly was awarded 4,900 incentive stock options with exercise prices of $8.37 that vest over five years.

·  
Alma R. Shuckhart, Senior Executive Vice President and Chief Credit Officer of TIB Bank – Mrs. Shuckhart's base salary was increased from $210,000 to $217,000, effective April 1, 2008. On March 25, 2008, Mrs. Shuckhart was awarded 5,392 incentive stock options with exercise prices of $8.37 that vest over five years.


 

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.


   
TIB FINANCIAL CORP.
 
  
Date:  April 16, 2008
By:
  /s/  Stephen J. Gilhooly
  
   
Stephen J. Gilhooly
  
   
EVP, Chief Financial Officer and Treasurer
  
       

 

 

 
 
 

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