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) | September 4, 2018 | |||
MARLIN BUSINESS SERVICES CORP. | ||||
(Exact name of registrant as specified in its charter) | ||||
Pennsylvania | 000-50448 | 38-3686388 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) | ||
300 Fellowship Road, Mount Laurel, NJ | 08054 | |||
(Address of principal executive offices) | (Zip Code) | |||
Registrant’s telephone number, including area code | (888) 479-9111 | |||
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(Former name or former address, if changed since last report.)
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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):
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[ ] 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)) | ||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
(b) On September 4, 2018, the Registrant announced W. Taylor Kamp’s departure from his position as Senior Vice President and Chief Financial Officer of Marlin Business Services Corp. (the “Company”). Mr. Kamp’s departure was not related to any issues involving the Company’s business, strategy, operations, performance, financial reporting or internal controls. The Company expects to enter into a separation and release agreement with Mr. Kamp pursuant to the Company's Severance Pay Plan for Senior Management, whereby he will continue to be employed by the Company until year end.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 | Press Release issued by Marlin Business Services Corp. on September 4, 2018 in connection with Item 5.02. |
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.
MARLIN BUSINESS SERVICES CORP. | ||
(Registrant) | ||
Date: September 4, 2018 | /s/ Edward R. Dietz | |
Edward R. Dietz | ||
Senior Vice President and General Counsel |
INDEX TO EXHIBITS
99.1 | Press Release issued by Marlin Business Services Corp. on September 4, 2018 in connection with Item 5.02. |
EXHIBIT 99.1
Marlin Business Services Corp. Announces Departure of Chief Financial Officer
MOUNT LAUREL, N.J., Sept. 04, 2018 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (NASDAQ: MRLN) (“Marlin” or the “Company”) announced that W. Taylor Kamp has left his position as Senior Vice President and Chief Financial Officer, effective today. Mr. Kamp will remain with Marlin as a consultant through the end of this year to assist in the transition of the Company’s finance and accounting functions.
Jeffrey A. Hilzinger, Marlin’s President and CEO, commented, “On behalf of the entire organization I would like to thank Taylor for his dedicated service and his contributions to our Company. I wish him all the best in his future endeavors.”
Mr. Kamp said, “I have valued my time at Marlin as its CFO and believe I have made meaningful contributions to its success. However, I feel the time is right to progress to a new stage of my career which my experience at Marlin has made possible. I am proud of our accomplishments the last three years and I am sincerely confident Marlin will achieve continued success in the future.”
Executive search firm Korn Ferry has been engaged to assist the Company in leading a comprehensive search process to identify Mr. Kamp's successor.
About Marlin Business Services Corp.
Marlin Business Services Corp. is a nationwide provider of credit products and services to small businesses with a mission of helping small businesses fulfill their American dream. Our products and services are offered directly to small businesses and through financing programs with independent equipment dealers and other intermediaries. Marlin and its wholly-owned operating subsidiary, Marlin Business Bank, are publicly traded (NASDAQ:MRLN). For more information about Marlin, visit www.marlinfinance.com or call toll free at (888) 479-9111.
Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements (including statements regarding future financial and operating results) involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. All statements contained in this release that are not clearly historical in nature are forward-looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” “may,” “intend” and similar expressions are generally intended to identify forward-looking statements. Economic, business, funding, market, competitive, legal and/or regulatory factors, among others, affecting our business are examples of factors that could cause actual results to differ materially from those described in the forward-looking statements. More detailed information about these factors is contained in our filings with the Securities and Exchange Commission, including the sections captioned “Risk Factors” and “Business” in the Company’s Form 10-K filed with the Securities and Exchange Commission. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Contacts:
Ed Dietz
Senior Vice President & General Counsel
856-505-4458
Lasse Glassen,
Addo Investor Relations
lglassen@addoir.com
424-238-6249