-----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, I3/DRLb7EtVbPyd0t+Drb5JkcxInzlJdE+cd7Pr8IDVe/z6AjyZBSpRr1HYdPyH0 ERTbhgkYNolMU2ZbcYQ3oA== 0001193125-07-001444.txt : 20070104 0001193125-07-001444.hdr.sgml : 20070104 20070104155526 ACCESSION NUMBER: 0001193125-07-001444 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070101 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20070104 DATE AS OF CHANGE: 20070104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ECB BANCORP INC CENTRAL INDEX KEY: 0001066254 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 562090738 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24753 FILM NUMBER: 07509283 BUSINESS ADDRESS: STREET 1: P O BOX 337 STREET 2: HWY 264 CITY: ENGELHARD STATE: NC ZIP: 27824 BUSINESS PHONE: 2529259411 8-K 1 d8k.htm FORM 8-K Form 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): January 1, 2007

 

ECB BANCORP, INC.

(Exact name of registrant as specified in its charter)

 

 

North Carolina   000-24753   56-2090738

(State or other jurisdiction

of incorporation)

   (Commission File Number)  

(IRS Employer

Identification No.)

 

Post Office Box 337

Engelhard, North Carolina

   27824
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (252) 925-9411

 

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:

 

¨ 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 Arrangements with Certain Officers.

As previously announced, William F. Plyler II, Senior Vice President and Chief Credit Officer of our bank subsidiary, The East Carolina Bank (the “Bank”), retired from active employment with the Bank effective on January 1, 2007. Mr. Plyler had been employed by the Bank pursuant to an Agreement dated April 1, 1999, which, in addition to provisions relating to Mr. Plyler’s duties and compensation during its term, also provided for payments to Mr. Plyler in the event that his employment was involuntarily terminated without cause, or he voluntarily terminated his own employment under certain circumstances, within ninety days following a change in control of the Bank or our company. That agreement terminated upon his retirement. In connection with his retirement, we and the Bank entered into certain other arrangements or modifications of existing agreements with Mr. Plyler that were previously disclosed in our Current Report on Form 8-K dated November 16, 2006.

The Bank’s Board of Directors has elected T. Olin Davis to succeed Mr. Plyler as the Bank’s Senior Vice President and Chief Credit Officer effective upon Mr. Plyler’s retirement on January 1, 2007. At the time of his appointment, Mr. Davis was serving as the Bank’s Senior Credit Policy Officer.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, we have duly caused this Report to be signed on our behalf by the undersigned thereunto duly authorized.

 

  ECB BANCORP, INC.
            (Registrant)
Date: January 4, 2007   By:  

/S/ Gary M. Adams

    Gary M. Adams
    Chief Financial Officer

 

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