0000914260-12-000100.txt : 20121227 0000914260-12-000100.hdr.sgml : 20121227 20121227150047 ACCESSION NUMBER: 0000914260-12-000100 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20121227 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20121227 DATE AS OF CHANGE: 20121227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: First Connecticut Bancorp, Inc. CENTRAL INDEX KEY: 0001511198 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35209 FILM NUMBER: 121287336 BUSINESS ADDRESS: STREET 1: ONE FARM GLEN BOULEVARD CITY: FARMINGTON STATE: CT ZIP: 06032 BUSINESS PHONE: 860-676-4600 MAIL ADDRESS: STREET 1: ONE FARM GLEN BOULEVARD CITY: FARMINGTON STATE: CT ZIP: 06032 8-K 1 fcb8k-122712.htm FIRST CONNECTICUT BANCORP, INC. 8-K 12 27 12 fcb8k-122712.htm

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 27, 2012
 
First Connecticut Bancorp, Inc.
 (Exact name of registrant as specified in its charter)

Maryland
333-171913
45-1496206
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)

One Farm Glen Boulevard, Farmington, Connecticut 06032
(860) 676-4600
(Address and Telephone Number)

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 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))
 

TABLE OF CONTENTS
 
Item 7.01
Regulation FD Disclosure
Item 9.01
Financial Statements and Exhibits
SIGNATURES
EXHIBIT INDEX
EX-99.1
Summary of Material Modifications


 
 

 
Item 7.01
Regulation FD Disclosure
   
 
On December 27, 2012, Farmington Bank (the “Bank”), the wholly owned subsidiary of First Connecticut Bancorp, Inc. announced to its employees that it will be "hard freezing" the Farmington Bank Defined Benefit Pension Plan (the "Plan") as of February 28, 2013.  All benefit accruals under the Plan will be frozen as of that date, and no additional benefits shall accrue after such date.  The Plan currently provides benefits for full time employees hired before January 1, 2007, when the Bank "soft froze" the Plan, disallowing new entrants.  Since 2007 the Bank has enhanced its separate, 401 (k) Plan and, in 2011, introduced the Employee Stock Ownership Plan (ESOP) in conjunction with its Initial Public Offering.  All eligible Bank employees are able to participate in the 401 (k) and ESOP.
 
This action will serve to limit future growth in the Bank's pension liabilities.  For 2013, it is expected that the incremental decrease in pension expense will approximate $860,000.
 
A copy of the Farmington Bank Defined Benefit Employees’ Pension Plan Summary of Material Modifications is included as Exhibit 99.1 to this current Form 8-K and is incorporated herein by reference.
   
Item 9.01
Financial Statements and Exhibits
(a)
Not applicable.
(b)
Not applicable.
(c)
Not applicable.
(d)
Exhibits.
   
   

Exhibit Number
Description
   
99.1
Summary of Material Modifications


 
2

 
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.
   
 
FIRST CONNECTICUT BANCORP, INC.
 
Registrant
   
   
   
December 27, 2012
By:  /s/ John J. Patrick, Jr.
 
John J. Patrick, Jr.
 
Chairman, President and
 
and Chief Executive Officer


 
3

 


EXHIBIT INDEX


Exhibit Number
Description
   
99.1
Summary of Material Modifications

 
 
 
4



EX-99.1 2 ex99-1.htm EXHIBIT 99.1 SUMMARY OF MATERIAL MODIFICATIONS ex99-1.htm

FARMINGTON BANK DEFINED BENEFIT EMPLOYEES’ PENSION PLAN
SUMMARY OF MATERIAL MODIFICATIONS

FEBRUARY, 2013

Farmington Bank has recently amended the Farmington Bank Defined Benefit Employees Pension Plan in order to "freeze" or suspend pension benefit accruals effective February 28, 2013. This Plan amendment changes some of the information contained in your Summary Plan Description ("SPD"). This notice is being provided to you to explain how the determination of your pension benefit as described in your SPD has changed.

Changes applicable effective February 28, 2013
Your pension benefit will be based now on your Average Monthly Compensation and Years of Service as of February 28, 2013. Compensation paid and Hours of Service completed after February 28, 2013 will not be considered in determining your benefits under the Plan. The Plan freeze will not affect the pension benefit you have earned as of February 28, 2013. If you are not yet Vested as of February 28, 2013, you will continue to be credited with Years of Service for vesting purposes until you either terminate employment or retire.


****


In all other respects, the Plan remains unchanged. Please retain this Summary of Material Modifications as a supplement to your current Summary Plan Description. If you have questions regarding these changes to the Plan, please contact the Plan Administrator.