8-K 1 a07-12391_18k.htm 8-K

 

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):  April 19, 2007

HERITAGE COMMERCE CORP

(Exact name of registrant as specified in its charter)

California

 

000-23877

 

77-0469558

(State or other jurisdiction of incorporation)

 

(Commission File Number)

 

(IRS Employer Identification No.)

 

150 Almaden Boulevard, San Jose, CA

 

95113

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code:  (408) 947-6900

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):

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o            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 Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

In accordance with its normal practice, the Board of Directors at its regular meeting on April 19, 2007 granted the following stock options under the Heritage Commerce Corp 2004 Stock Option Plan.  The exercise price will be set on the second date following the release of the Company’s earnings for the first quarter ended March 31, 2007.

EXECUTIVE OFFICERS:

 

 

 

 

 

William Del Biaggio, Jr.

 

7,000

Richard Hagarty

 

9,000

Lawrence D. McGovern

 

15,000

Raymond Parker

 

15,000

Walter Kaczmarek

 

25,000

 

 

 

BOARD OF DIRECTORS:

 

 

 

 

 

Frank Bisceglia

 

4,500

James Blair

 

4,000

Jack Conner

 

5,000

Robert Moles

 

4,000

Lon Normandin

 

4,000

Jack Peckham

 

4,500

Humphrey Polanen

 

4,500

Charles Toeniskoetter

 

4,500

Ranson Webster

 

4,500

 

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 thereunto duly authorized.

 

HERITAGE COMMERCE CORP

 

 

 

DATED: April 25, 2007

 

By:

  /s/ Lawrence D. McGovern

 

 

Lawrence D. McGovern

 

 

Executive Vice President and

 

 

Chief Financial Officer