-----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, VHfqCyPtuajtZdxBnn0GdFRVMgcU15jlQXykkPXKa8nwtAHMqD8a1ObFT2JsTvaL qI31LPOor0KQ9PWG5XE9yw== 0000950124-05-001413.txt : 20050310 0000950124-05-001413.hdr.sgml : 20050310 20050310124925 ACCESSION NUMBER: 0000950124-05-001413 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050304 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20050310 DATE AS OF CHANGE: 20050310 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERMOUNTAIN COMMUNITY BANCORP CENTRAL INDEX KEY: 0001284506 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 820499463 STATE OF INCORPORATION: ID FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50667 FILM NUMBER: 05671525 BUSINESS ADDRESS: STREET 1: PO BOX 967 CITY: SANDPOINT STATE: ID ZIP: 83864 BUSINESS PHONE: 206-263-0505 MAIL ADDRESS: STREET 1: PO BOX 967 CITY: SANDPOINT STATE: ID ZIP: 83864 8-K 1 v06726e8vk.htm FORM 8-K e8vk
 

 
 

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 4, 2005

INTERMOUNTAIN COMMUNITY BANCORP

(Exact name of registrant as specified in its charter)

Idaho
(State or other jurisdiction of incorporation)

     
000-50667   82-0499463
     
(Commission File Number)   IRS Employer Identification No.

231 North Third Avenue
Sandpoint, Idaho 83864
(Address of principal executive offices) (zip code)

Registrant’s telephone number, including area code: (208) 263-0505

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2 below):

     
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act of (17 CFR 240.14d-2(b))
     
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act of (17 CFR 240.13e-4(c))
 
 

 

Item 1.01 — Entry into a Material Definitive Agreement

     Effective March 4, 2005, Intermountain Community Bancorp (the “Company”) entered into amendments to the (i) Employment Agreements for Curt Hecker, President and CEO, and Jerry Smith, Executive Vice President; and (ii) Executive Severance Agreements for Executive Vice Presidents Doug Wright and John Nagel. The amendments provide that each executive is entitled to reimbursement of legal fees, up to a maximum amount for each executive, if his employment agreement is challenged after a change in control. The amendment eliminates a “loser pays” provision that would have entitled each executive to reimbursement of his legal expenses if and only if he prevailed in a dispute concerning the employment agreement, or full reimbursement to the Company of its legal expenses if it prevailed.

     Effective March 4, 2005, the Company also approved an amendment to the Long Term Incentive Plan so that, among other things, the Company assumes responsibility for maintaining the plan, which responsibility had previously been vested with the Company’s subsidiary, Panhandle State Bank. Administration of the plan has been delegated to the Company’s compensation committee.

Item 9.01 — Financial Statements and Exhibits

     (a)    Financial statements — not applicable.

     (b)    Pro forma financial information — not applicable.

     (c)    Exhibits – not applicable.

 

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.

     Dated: March 10, 2005

         
  INTERMOUNTAIN COMMUNITY BANCORP
 
 
     
  By:   /s/ Curt Hecker  
    Curt Hecker   
    President and Chief Executive Officer   
 

 

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