-----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, Tub9zjMnhu46T1w7AriVeVKW5r+IG1K2Hy87tIw3JveuemiK9iIBrd38M1lsYU2P 0mjM4sQRFxUFP/OXZ6RfBQ== 0000943374-05-000254.txt : 20050316 0000943374-05-000254.hdr.sgml : 20050316 20050316150823 ACCESSION NUMBER: 0000943374-05-000254 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050310 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20050316 DATE AS OF CHANGE: 20050316 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROVIDENT BANCORP INC/NY/ CENTRAL INDEX KEY: 0001070154 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036] IRS NUMBER: 800091851 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25233 FILM NUMBER: 05685059 BUSINESS ADDRESS: STREET 1: 400 RELLA BLVD CITY: MONTEBELLO STATE: NY ZIP: 10901 BUSINESS PHONE: 8453698040 8-K 1 form8k_031605.txt 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 10, 2005 PROVIDENT BANCORP, INC. ------------------------ (Exact Name of Registrant as Specified in Charter) Delaware 0-25233 80-0091851 - ----------------------------- --------------------- --------------- (State or Other Jurisdiction) (Commission File No.) (I.R.S. Employer of Incorporation) Identification No.) 400 Rella Boulevard, Montebello, New York 10901 - ----------------------------------------- ----- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (845) 369-8040 -------------- 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 1.01. Entry into a Material Definitive Agreement. On March 10, 2005, Provident Bancorp, Inc. (the "Registrant") granted shares of restricted stock and stock options to the following Directors and "Named Executive Officers" (as defined by Item 402(a)(3) of Securities and Exchange Commission Regulation S-K) pursuant to the Registrant's 2004 Stock Incentive Plan. Shares of restricted stock vest as follows: 10% at September 30, 2005, 20% at each of September 30, 2006, 2007, 2008 and 2009, and 10% at March 31, 2010. Stock options vest over five years, commencing with the date of grant, and have an exercise price of $12.68. The form of award documents will be filed with the Securities and Exchange Commission upon distribution to participants. Name Restricted Stock Stock Options - ---------------------- ---------------- ------------- Dennis L. Coyle 31,400 46,100 William F. Helmer 31,400 46,100 Judith Hershaft 17,000 46,100 Thomas F. Jauntig, Jr 17,000 46,100 Thomas G. Kahn -- 46,100 R. Michael Kennedy -- 46,100 Victoria Kossover -- 46,100 Donald T. McNelis 31,400 46,100 Richard A. Nozell 31,400 46,100 Carl J. Rosenstock -- 46,100 William R. Sichol, Jr 31,400 46,100 Burt Steinberg 17,000 46,100 George Strayton 140,000 180,000 F. Gary Zeh 31,400 46,100 Daniel G. Rothstein 52,000 60,000 Stephen G. Dormer 45,000 60,000 Richard O. Jones 10,000 60,000 Robert J. Sansky 43,000 40,000 Paul A. Maisch 28,000 60,000 Item 9.01. Financial Statements and Exhibits. (a) Not Applicable. (b) Not Applicable. (c) Exhibits. None. 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. PROVIDENT BANCORP, INC. DATE: March 16, 2005 By: /s/ Paul A. Maisch ------------------------------- Paul A. Maisch Senior Vice President and Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----