-----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, Kl2KWUiPAdDJWKMEp28JrFzfFEZUj8YuKWHZmBecsi1kEYZlKmu24db/JWIqHEaA py6nkz79TJc3lh4lXi6pKQ== 0000927089-09-000004.txt : 20090106 0000927089-09-000004.hdr.sgml : 20090106 20090106172835 ACCESSION NUMBER: 0000927089-09-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20081230 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20090106 DATE AS OF CHANGE: 20090106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Pacific Coast National Bancorp CENTRAL INDEX KEY: 0001302502 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 611453556 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51960 FILM NUMBER: 09511042 BUSINESS ADDRESS: STREET 1: 905 CALLE AMANECER STREET 2: SUITE 100 CITY: SAN CLEMENTE STATE: CA ZIP: 92673-6275 BUSINESS PHONE: 949-361-4300 MAIL ADDRESS: STREET 1: 905 CALLE AMANECER STREET 2: SUITE 100 CITY: SAN CLEMENTE STATE: CA ZIP: 92673-6275 8-K 1 p-8k010609.htm p-8k010609.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) December 30, 2008


PACIFIC COAST NATIONAL BANCORP
(Exact name of registrant as specified in its charter)


California
000-51960
    61-1453556

(State or other jurisdiction
(Commission File No.)
(IRS Employer
jurisdiction of incorporation) 
 
Identification Number)


                                                           

 905 Calle Amanecer, San Clemente, California
 92673
(Address of principal executive offices)
(Zip Code)


Registrant's telephone number, including area code:    (949) 361-4300
 
 
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:

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 (17 CFR 240.14d-2(b))
o
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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On December 30, 2008, the employment agreement between Pacific Coast National Bancorp (the “Company”), Pacific Coast National Bank (the “Bank”) and Michael S. Hahn, President and Chief Executive Officer of the Company and the Bank, the employment agreement between the Bank and Terry A. Stalk, Executive Vice President and Chief Financial Officer of the Company and the Bank, and the change in control agreement between the Bank and David L. Adams, Executive Vice President, Chief Lending Officer and Interim Chief Credit Officer of the Bank, were amended to comply with Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder.  Ms. Stalk’s employment agreement and Mr. Adams’ change in control agreement were also amended to increase the payments that will be made to them in the event of a change in control of the Company from 199% to 299% of their “base amount” (as defined under Section 280G of the Code).
 
 

 
 
 
 


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.

     
    PACIFIC COAST NATIONAL BANCORP   
       
       
Date:  January 6, 2009
By:
/s/ Michael S. Hahn  
    Michael S. Hahn   
    President and Chief Executive Officer   
       

 
 
 
 
 
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