0000950159-13-000635.txt : 20131122 0000950159-13-000635.hdr.sgml : 20131122 20131122104600 ACCESSION NUMBER: 0000950159-13-000635 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20131120 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20131122 DATE AS OF CHANGE: 20131122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OLD LINE BANCSHARES INC CENTRAL INDEX KEY: 0001253317 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 200154352 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50345 FILM NUMBER: 131237121 BUSINESS ADDRESS: STREET 1: 1525 POINTER RIDGE PLACE CITY: BOWIE STATE: MD ZIP: 20716 BUSINESS PHONE: 3014302544 MAIL ADDRESS: STREET 1: 1525 POINTER RIDGE PLACE CITY: BOWIE STATE: MD ZIP: 20716 8-K 1 olb8k.htm OLD LINE BANCSHARES, INC. FORM 8-K olb8k.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

Date of Report (Date of earliest event reported): November 20, 2013

Old Line Bancshares, Inc.
(Exact name of registrant as specified in its charter)


          Maryland
000-50345
20-0154352
 (State or other jurisdiction)
 (Commission File Number)
(I.R.S. Employer Identification No.)
   of incorporation
    
     
 
1525 Pointer Ridge Place
  
 
Bowie, Maryland
20716
 
(Address of principal executive offices)
(Zip Code)

 
Registrant’s telephone number, including area code: 301-430-2500
 
N/A 
(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 communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
 
____
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CRF 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))
     
 
 
 

 
 
 
 

 
Section 5-Corporate Governance and Management

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 20, 2013 the Board of Directors of Old Line Bancshares, Inc. (the “Registrant”) and its wholly owned subsidiary, Old Line Bank, appointed Thomas H. Graham as a member of the Board of Directors of the Registrant and Old Line Bank effective immediately.  Mr. Graham will be a member of the Asset and Liability Committee of the Registrant and Old Line Bank, and will receive the same compensation as currently paid to our other Board members - $400 for each Board of Directors meeting, $300 for each attended meeting of the Asset and Liability Committee, and a $2,000 quarterly retainer.  The Board of Directors did not elect Mr. Graham pursuant to any arrangements between Mr. Graham and the Registrant, Old Line Bank or any other person.  There are no significant transactions between Mr. Graham and the Registrant or Old Line Bank.

The press release announcing Mr. Graham’s appointment is attached as exhibit 99.1 hereto.

Section 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits.
 
The following exhibit is filed herewith:

 
 
 
 
 
 
 

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.


 
OLD LINE BANCSHARES, INC.
   
   
Date:  November 22, 2013
By:  /s/Mark A. Semanie
 
Mark A. Semanie, Executive Vice President,
 
Chief Operating Officer and Acting Chief
 
Financial Officer
 
 
 
 
EX-99.1 2 ex99-1.htm EXHIBIT 99.1 ex99-1.htm
 
 
EXHIBIT 99.1

Old Line Bancshares Adds New Board Member

Bowie, MD – November 21, 2013 – Old Line Bancshares, Inc. (NASDAQ: OLBK), the parent company of Old Line Bank, today announced that Thomas H. Graham, Vice President People Strategy and Human Resources for Pepco Holdings, Inc. (PHI) was appointed to its Board of Directors.

“Tom has exceptional leadership and management expertise and we are delighted that he has joined Old Line Bancshares board of directors,” said Craig E. Clark, Chairman.

Graham currently serves as Vice President People Strategy and Human Resources at PHI, a regional energy holding company that provides utility service to more than 2 million customers. In this role, Graham is responsible for developing and implementing enterprise-wide policies and programs encompassing all aspects of human resource management including employment, employee and labor relations, employee benefits, succession planning, compensation, development, diversity programs, and management and employee assistance.

Previously, Graham held several leadership positions within the organization that included President, Pepco Region, Regional Vice President, Manager, Strategic Accounts, and Manager, Billing Services and Investigations during his 27-year career.

“Tom brings a wealth of experience and insights that are a result of managing departments and programs for a leader in the energy delivery industry,” said James W. Cornelsen, President and Chief Executive Officer. “We are glad to have Tom as a part of our team and he is a great addition to our board.”

Graham currently serves on the board of the Center for Energy Workforce Development (Chair) and Maryland Chamber of Commerce (Chair). Graham is also on the boards for Heroes, Inc., the Kevin Durant Charity Foundation and Prince George’s County Economic Development Corporation. In addition, Graham has received several awards and recognition for excellence including a selection as one of the 2012 Idealists of the Year, MEA Magazine’s 50 Powerful US/International Business Executive Awards and one of the 50 Most Influential Marylanders by The Daily Record for 2013.

“I am honored to join the Old Line Bancshares board,” Graham said. “The company has a strong reputation in the market and I look forward to sharing my experiences and contributing to the direction and growth of this industry leader.”

Graham earned a bachelor’s degree in business management from The University of Tampa. Graham has completed the Executive Education Program in financial management at the University of Michigan, as well as the Senior Executive Leadership Certificate Program at Georgetown University.
 
 
 

 
 
 
 
 
 
In addition to Graham, Old Line Bancshares board of directors consists of Craig E. Clark, Chairman, Frank Lucente, Jr. Vice Chairman, James W. Cornelsen, President and Chief Executive Officer, George Thomas Daugherty, James F. Dent, Andre’ J. Gingles, William J. Harnett, Gail D. Manuel, Carla Hargrove McGill, Gregory Stephen Proctor, Jr., Jeffery A. Rivest, Suhas R. Shah, John M. Suit, II, Michael J. Sullivan and Frank E. Taylor, Jr.

Old Line Bancshares, Inc. is the parent company of Old Line Bank; a Maryland chartered commercial bank headquartered in Bowie, Maryland. Old Line Bank was established in 1989 and has 23 branch locations serving the suburban areas surrounding Washington, D.C., including Prince George's County, Anne Arundel County, Charles County, Calvert County and St. Mary's County. The Bank serves small to medium-sized businesses, entrepreneurs, professionals, consumers and high net worth clients. For additional information, please visit our website at www.oldlinebank.com or call 301-430-2500. 
 

 
CONTACT:
James W. Cornelsen, President and Chief Executive Officer
 
(301) 430-2530