-----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, Av7VGnOT1yftMro5QVczdP6t6+7RFGfRxnm03fYG+CitxPlgRhGzvU8TlBlUIpTZ l5TbpzPt0x2ihji/6bf5Wg== 0000910647-05-000182.txt : 20050611 0000910647-05-000182.hdr.sgml : 20050611 20050526114603 ACCESSION NUMBER: 0000910647-05-000182 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050524 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050526 DATE AS OF CHANGE: 20050526 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTFIELD FINANCIAL INC CENTRAL INDEX KEY: 0001157647 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16767 FILM NUMBER: 05858782 BUSINESS ADDRESS: STREET 1: 141 ELM STREET CITY: WESTFIELD STATE: MA ZIP: 01085 BUSINESS PHONE: 4135681911 8-K 1 wesf-8k3.txt FORM 8-K DATED MAY 24, 2005 =========================================================================== 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): May 24, 2005 WESTFIELD FINANCIAL, INC. (Exact name of registrant as specified in its charter) Massachusetts 001-16767 73-1627673 (State or other jurisdiction (Commission File (IRS Employer of incorporation) Number) Identification No.) 141 Elm Street Westfield, Massachusetts 01085 (Address of principal executive offices) (Zip Code) (413) 568-1911 (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: [ ] 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 Principal Officers; Election of Officers; Appointment of Principal Officers On May 25, 2005, Westfield Financial, Inc. (the "Company") announced the retirement of Victor J. Carra, Executive Vice President, from the Company and Westfield Bank (the "Bank"), effective June 30, 2005. Mr. Carra has been with the Bank since 1975 and in his current position since 1998. Mr. Carra will continue on as a member of the Board of Directors of both the Company and the Bank. The Board also voted to elevate Donald A. Williams to Chairman of the Board and Chief Executive Officer of the Company and the Bank. James C. Hagan was promoted to the role of President and Chief Operating Officer of the Company and the Bank. Mr. Hagan will be the 17th President to serve the Bank over the course of its 152 year history. The executive management changes are effective as of July 1, 2005. Mr. Williams has served as President of the Bank since 1983 and CEO since 1987. In his new role he will continue to be an active member of the management team as Chief Executive Officer. In 1994, James C. Hagan joined the Bank as one of its first full time commercial loan officers. Prior to that, Mr. Hagan worked in a similar capacity for Bank of New England (now Bank of America) and SIS (now TD Banknorth). In his previous position as Senior Vice President, Mr. Hagan was responsible for Commercial and Residential Lending for the Bank. In addition to maintaining his own portfolio of customers he managed a staff of sixteen. As President, he will now be responsible for all aspects of the Company and the Bank including the lending group, branches, operations, information technology, accounting and facilities. Item 9.01 Financial Statements and Exhibits (c) Exhibits. The following exhibit is filed with this Report: Exhibit No. Description of Exhibit - ----------- ---------------------- 99.1 Press release, dated May 25, 2005, announcing the retirement of Victor J. Carra as Executive Vice President, the elevation of Donald A. Williams to Chairman of the Board, and the promotion of James C. Hagan to the role of President and Chief Operating Officer. 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. WESTFIELD FINANCIAL, INC. By: /s/ Michael J. Janosco ----------------------------- Name: Michael J. Janosco Title: Vice President, Chief Financial Officer and Treasurer Date: May 25, 2005 EXHIBIT INDEX Exhibit No. Description of Exhibit - ----------- ---------------------- 99.1 Press release, dated May 25, 2005, announcing the retirement of Victor J. Carra as Executive Vice President, the elevation of Donald A. Williams to Chairman of the Board, and the promotion of James C. Hagan to the role of President and Chief Operating Officer. EX-99 2 wesf3k99.txt EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACT ALICE BABCOCK, 572-6150 FOR MORE DETAILS WESTFIELD FINANCIAL ANNOUNCES EXECUTIVE MANAGEMENT CHANGES Westfield, MA (May 25, 2005): At a meeting of the Board of Directors of Westfield Financial Inc. held last night, the Board acknowledged that Victor J Carra, Executive Vice President will retire from the company as of June 30, 2005. Mr. Carra has been with the Bank since 1975 and in his current position since 1998. Mr. Carra will continue on as a member of the Board of Directors. The Board also voted to elevate Donald A Williams to Chairman of the Board and Chief Executive Officer. James C. Hagan was promoted to the role of President and Chief Operating Officer. Westfield Financial serves as the bank holding company for Westfield Bank. Mr. Hagan will be the 17th President to serve the Bank over the course of its 152 year history. The executive management changes are effective as of 7/1/05 Mr. Williams has served as President of Westfield Bank since 1983 and CEO since 1987. In his new role he will continue to be an active member of the management team as Chief Executive Officer. In 1994, James C. Hagan joined Westfield Bank as one of their first full time commercial loan officers. Prior to that, Mr. Hagan worked in a similar capacity for Bank of New England (now Bank of America) and SIS (now TD Banknorth). In his previous position as Senior Vice President, Mr. Hagan was responsible for Commercial and Residential Lending for the Bank. In addition to maintaining his own portfolio of customers he managed a staff of sixteen. As President, he will now be responsible for all aspects of the Bank including the lending group, branches, operations, information technology, accounting and facilities. Mr. Hagan is an active member of the Greater Westfield Community, currently serving as Vice-Chairman of Noble Health Systems, Inc. and member of the Board of Trustees of Westfield State College. During his tenure as a Trustee of the college Mr. Hagan served as Chairman of the Board of Trustees from 1991-2001 and chaired the Access to Excellence capital campaign. Mr. Hagan was recently named a Director of Stanley Park of Westfield. He is one of the first non-family members to serve on the Stanley Park Board. Mr. Hagan also serves as a corporator for the Westfield Athenaeum, Westfield YMCA and is a Director of the Trustees of Westfield Academy. Jim also serves as a coach in the Westfield Park and Rec. soccer program. Mr. Hagan received his undergraduate degree in Business Administration from Westfield State College and earned his MBA from American International College. Mr. Hagan resides in Westfield with his wife Kristin and two children. -----END PRIVACY-ENHANCED MESSAGE-----