-----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, TjzyMyvvxiflB+bD/lSgpAyWKihLIrvb2+D0gEG8RKIPdupwVF3QZTggP5thsc/p IR7me0GzqYsmnFR7ZYQHrw== 0001193125-08-239768.txt : 20081120 0001193125-08-239768.hdr.sgml : 20081120 20081120085604 ACCESSION NUMBER: 0001193125-08-239768 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20081117 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20081120 DATE AS OF CHANGE: 20081120 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VALLEY NATIONAL BANCORP CENTRAL INDEX KEY: 0000714310 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 222477875 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11277 FILM NUMBER: 081202497 BUSINESS ADDRESS: STREET 1: 1455 VALLEY RD CITY: WAYNE STATE: NJ ZIP: 07470 BUSINESS PHONE: 9733053380 MAIL ADDRESS: STREET 1: 1455 VALLEY RD CITY: WAYNE STATE: NJ ZIP: 07470 8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

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) November 17, 2008

 

 

VALLEY NATIONAL BANCORP

(Exact Name of Registrant as Specified in Charter)

 

 

 

New Jersey   1-11277   22-2477875

(State or Other Jurisdiction

of Incorporation)

   (Commission File Number)  

(I.R.S. Employer

Identification Number)

 

1455 Valley Road, Wayne, New Jersey   07470
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code (973) 305-8800

 

 

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):

 

¨ 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))

 

 

 

INFORMATION TO BE INCLUDED IN THE REPORT

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensation Arrangements of Certain Officers

On November 17, 2008, the Compensation and Human Resources Committee (the “Committee”) of the Board of Directors of Valley National Bancorp, approved amendments to the application of the Valley National Bancorp Benefit Equalization Plan to certain named executive officers (the “Amendments”). The Amendments gave recognition to Peter Crocitto for his years of service to Valley by vesting his benefits in the Benefit Equalization Plan. Mr. Crocitto was the only officer in the plan who was not vested and the Committee decided, based upon his 31 years of service, to vest those benefits. Mr. Crocitto does not receive any additional financial benefits upon retirement, but if termination occurred prior to qualification for early retirement in 2012, he would not lose his benefits under the plan which is currently estimated to be approximately $104,000, annually.

The Amendments also granted Robert M. Meyer two additional years of service under the Benefit Equalization Plan in recognition of his eight years of prior service with Midland Bank, with whom Valley merged in 1996. Mr. Meyer will receive approximately $11,900 in additional retirement benefits annually as a result of this change.

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.

 

Dated: November 20, 2008     VALLEY NATIONAL BANCORP
    By:  

/s/Alan D. Eskow

      Alan D. Eskow
     

Executive Vice President,

Chief Financial Officer

(Principal Financial Officer)

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