8-K 1 fbi8k040507.txt FORM 8-K 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 April 5, 2007 (April 2, 2007) Date of Report (Date of earliest event reported) FIRST BANKS, INC. (Exact name of registrant as specified in its charter) MISSOURI 0-20632 43-1175538 (State or other jurisdiction (Commission File Number) (I.R.S. Employer of incorporation) Identification No.) 135 NORTH MERAMEC, CLAYTON, MISSOURI 63105 (Address of principal executive offices) (Zip code) (314) 854-4600 (Registrant's telephone number, including area code) Not Applicable (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))
FIRST BANKS, INC. TABLE OF CONTENTS PAGE ---- ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS..................................................................... 1 ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS............................................ 1 SIGNATURE............................................................................... 2
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. (b) (c) and (e) Mr. Steven F. Schepman resigned his position as Senior Vice President and Chief Financial Officer of First Banks, Inc. ("First Banks" or the "Company"), following his promotion to Executive Vice President and Director of Corporate Development and Business Segments of First Banks, effective April 2, 2007. Mr. Schepman will continue to serve as a Director of First Banks, a position he has held since July 2004. Upon acceptance of Mr. Schepman's resignation as Chief Financial Officer, the Board of Directors (the "Board") of First Banks appointed Ms. Lisa K. Vansickle as Senior Vice President and Chief Financial Officer of First Banks, effective April 2, 2007. Ms. Vansickle, 39, joined the Company as Vice President and Director of Internal Audit of First Banks in December 1997. In April 1999, Ms. Vansickle assumed her current position as Senior Vice President and Controller of First Banks. Prior to joining First Banks, Ms. Vansickle was a certified public accountant with KPMG LLP in St. Louis, Missouri, from 1989 to 1997, most recently as a Senior Audit Manager in the Financial Services Practice. Ms. Vansickle will continue to serve as a Director of First Bank, the Company's principal subsidiary, a position she has held since July 2001. First Banks has oral and at will employment arrangements with Mr. Schepman and Ms. Vansickle. Mr. Schepman and Ms. Vansickle are eligible to receive discretionary cash bonuses and are also eligible to participate in the Company's benefit programs generally available to other employees. As of March 30, 2007, Mr. Schepman was awarded a discretionary cash bonus in the amount of $35,000. In addition, in the future Ms. Vansickle will receive residual amounts previously earned under compensation plans in which she participated prior to April 2, 2007. Attached as an exhibit hereto is a news release reporting Mr. Schepman's resignation as Chief Financial Officer and Ms. Vansickle's appointment as Chief Financial Officer issued by the Company on April 3, 2007. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits. Exhibit Number Description -------------- ----------- 99 Press Release issued by First Banks, Inc. on April 3, 2007. SIGNATURE 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 BANKS, INC. Date: April 5, 2007 By: /s/ Terrance M. McCarthy ---------------------------- Terrance M. McCarthy President and Chief Executive Officer