-----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, IpBW9o6mc65Uj2Wy7GdopuQNSaHAdEGwUB83xeW5gfzN2tOD1CcjtPhPpGI+TfiH BOOyQC0q6q+DzjuSEul+PA== 0000950123-08-002277.txt : 20080228 0000950123-08-002277.hdr.sgml : 20080228 20080228170626 ACCESSION NUMBER: 0000950123-08-002277 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080227 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080228 DATE AS OF CHANGE: 20080228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HUDSON VALLEY HOLDING CORP CENTRAL INDEX KEY: 0000722256 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 133148745 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-30525 FILM NUMBER: 08651564 BUSINESS ADDRESS: STREET 1: 21 SCARSDALE ROAD CITY: YONKERS STATE: NY ZIP: 10707 BUSINESS PHONE: 9149616100 MAIL ADDRESS: STREET 1: 21 SCARSDALE ROAD CITY: YONKERS STATE: NY ZIP: 10707 8-K 1 y50527e8vk.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) February 27, 2008
Hudson Valley Holding Corp.
 
(Exact Name of Registrant as specified in charter)
         
New York   030525   13-3148745
         
(State or other jurisdic-
tion of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)
     
21 Scarsdale Road, Yonkers New York   10707
     
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code (914) 961-6100
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:
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 February 27, 2008, the registrant issued a press release announcing the appointment of Adam Ifshin to its board of directors. A copy of the press release is attached hereto as Exhibit 99.2 to this Current Report on Form 8-K.
This Current Report on Form 8-K contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements refer to future events or our future financial performance. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should” or “will” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or the banking industry’s actual results, level of activity, performance or achievements to be materially different from any future results, level of activity, performance or achievements expressed or implied by these forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, but are not limited to, material adverse changes in the Company’s operations or earnings, or a decline in the economy in the New York Metropolitan area. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.
ITEM 9.01   FINANCIAL STATEMENTS AND EXHIBITS
         
Exhibit No.   Description
       
 
  99.1    
Press release dated February 27, 2008 issued by Hudson Valley Holding Corp.
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, thereunto duly authorized.
         
  HUDSON VALLEY HOLDING CORP.
 
 
  By:   /s/ Stephen R. Brown    
    Senior Executive Vice President,   
    Chief Financial Officer and
Treasurer 
 
 
February 28, 2008

 

EX-99.1 2 y50527exv99w1.htm EX-99.1: PRESS RELEASE EX-99.1
 

EXHIBIT 99.1
         
FOR IMMEDIATE RELEASE
       
HUDSON VALLEY HOLDING CORP.
  CONTACT:   JAMES J. LANDY
21 SCARSDALE ROAD
      PRESIDENT & CEO
YONKERS, NY 10707
      (914) 771-3230
HUDSON VALLEY HOLDING CORP.
APPOINTS ADAM IFSHIN AS DIRECTOR
     Yonkers, NY, February 27, 2008 — William E. Griffin, Chairman of the Board of Hudson Valley Holding Corp., announced that, effective February 26, 2008, Adam Ifshin was appointed to the Board of Directors of Hudson Valley Holding Corp. “Adam’s extensive real estate and financial markets experience together with his intimate knowledge of the New York metropolitan market place make him an outstanding candidate for our Board,” Mr. Griffin said. “We are delighted to have him join us as a Director and to receiving the benefits of his knowledge and insights.”
     Mr. Ifshin is President and CEO of DLC Management Corp., which he co-founded in 1991. Through his leadership, DLC has become one of the nations’ largest owners and operators of retail shopping centers and one of the most active acquirers of centers with value added potential. Mr. Ifshin oversees all of DLC’s acquisitions, capital markets activities, redevelopment opportunities, joint ventures and corporate strategies. As a principal he has been involved in well over $3 billion of real estate transactions, building one of the largest privately held portfolios of shopping centers in the United States, totaling over 16.5 million square feet.
     Mr. Ifshin is also the founder and President of Delphi Commercial Properties, Inc., a specialty real estate brokerage firm; the co-founder and President of DLC Investment Securities Corp., the exclusive placement agent for all DLC Management Corp. real estate investments; and co-founder of DLC UrbanCore, a new platform to develop retail real estate in under-served, infill and multi-ethnic markets nationwide.
     He is active in numerous industry associations. He is a member of the International Council of Shopping Centers (ICSC), the Chairman of the ICSC New York Government Relations Committee, the Chairman of the ICSC National Economic Committee, and the Vice Chair of the ICSC National Deal Making in New York. Mr. Ifshin is an active lobbyist for the shopping center industry in Albany and Washington, D.C. and has testified before both the U.S. Senate and the House of Representatives on behalf of the Shopping Center Industry and The Real Estate Roundtable on the Taxation of Carried Interests.
     Mr. Ifshin received a B.A., cum laude, from Williams College with honors in economics and history, and was elected Phi Beta Kappa. He is an active member of the Board of Directors of the Byram Hills Educational Foundation and lives in Westchester with his family.
     “We look forward to working with Adam and to the positive contributions that we know he will make to grow Hudson Valley, while maintaining our commitment to local community banking,” Mr. Griffin said.
Hudson Valley Holding Corp. (HUVL), headquartered in Yonkers, NY, is the parent company of two independently owned local banks, Hudson Valley Bank (HVB) and New York National Bank (NYNB). Hudson Valley Bank is a Westchester based bank with more than $2 billion in assets, serving the metropolitan area with 25 branches located in Westchester, Rockland, the Bronx, Manhattan and Queens, NY, and in Fairfield County, CT. HVB specializes in providing a full range of financial services to businesses, professional services firms, not-for-profit organizations and individuals; and provides investment management services through a subsidiary, A. R.

 


 

Schmeidler & Co., Inc. NYNB is a Bronx based bank with approximately $140 million in assets serving the local communities of the South Bronx, Upper Manhattan and Roosevelt Island with five branches. NYNB provides a full range of financial services to individuals, small businesses and not-for-profit organizations in its local markets. Hudson Valley Holding Corp.’s stock is traded under the ticker symbol “HUVL” on the OTC Bulletin Board. Additional information on Hudson Valley Bank and New York National Bank can be obtained on their respective web-sites at www.hudsonvalleybank.com and www.nynb.com.
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This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements refer to future events or our future financial performance. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should” or “will” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or the banking industry’s actual results, level of activity, performance or achievements to be materially different from any future results, level of activity, performance or achievements expressed or implied by these forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, but are not limited to, material adverse changes in the Company’s operations or earnings, or a decline in the economy in the New York Metropolitan area. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.

 

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