0000743367-13-000050.txt : 20130426 0000743367-13-000050.hdr.sgml : 20130426 20130426132324 ACCESSION NUMBER: 0000743367-13-000050 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130423 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20130426 DATE AS OF CHANGE: 20130426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BAR HARBOR BANKSHARES CENTRAL INDEX KEY: 0000743367 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 010393663 STATE OF INCORPORATION: ME FISCAL YEAR END: 1122 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-13349 FILM NUMBER: 13786291 BUSINESS ADDRESS: STREET 1: 82 MAIN ST STREET 2: PO BOX 400 CITY: BAR HARBOR STATE: ME ZIP: 04609-0400 BUSINESS PHONE: 2072883314 MAIL ADDRESS: STREET 1: 82 MAIN ST STREET 2: PO BOX 400 CITY: BAR HARBOR STATE: ME ZIP: 04609-0400 8-K/A 1 bhb8kare2013plan.htm BHBS 8-K/A re 2013 Plan (01370278).DOC

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549


FORM 8-K/A

Amendment No.1


Current Report Pursuant

to Section 13 or 15(d) of the

Securities Exchange Act of 1934



Date of Report (Date of earliest event reported): April 23, 2013



BAR HARBOR BANKSHARES

(Exact name of registrant as specified in its charter)



Maine

(State or other jurisdiction

of incorporation)

001-13349

(Commission

File Number)

01-0393663

(IRS Employer

Identification No.)



P.O. Box 400, 82 Main Street, Bar Harbor, ME

(Address of principal executive offices)

04609-0400

(Zip code)



Registrant’s telephone number, including area code:  (207) 288-3314 



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 (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))





TABLE OF CONTENTS

Explanatory Note


Item 5.02 Departure of Directors or Certain Officers;

Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Page 3


Page 3

 

 

Signatures

Page 4




Explanatory Note:


This Amendment No.1 to our Current Report on Form 8-K which was filed with the Securities and Exchange Commission (the “SEC”) on January 25, 2013 (the “Original Filing”) is being filed to amend the following item as follows:


Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


(e)  Compensatory Arrangements for Certain Officers.

  

As previously reported in its Original Filing, the Board of Directors of Bar Harbor Bankshares (the “Company”), upon the recommendation of the Company’s Compensation and Human Resources Committee, previously approved the adoption of the 2013 Annual Incentive Plan (the “Plan”) and designated target awards for fiscal year 2013 (calculated as a percentage of base salary) for certain executive officers of the Company and its wholly owned first tier bank and second tier trust company subsidiaries, including the Company’s named executive officers.


At its meeting on April 23, 2013, the Company's Board of Directors approved an amendment to the Plan for the purpose of changing the Short-Term Incentive Threshold and Targets applicable to the Company's CEO under the 2013 Plan. The percentage ranges for the 2013 Plan year as a percentage of base salary payout for the Company's President and CEO have been amended to read as follows:


2013 Short-Term Incentive Targets

Below Threshold

Threshold

(50% of Target)

Target (100%)

Stretch

(150%) of Target

President and CEO

0%

15.00%

30.00%

45.00%


No other changes were made to the Plan, the remainder of the terms of which are incorporated herein by reference.  




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.


 

BAR HARBOR BANKSHARES

(Registrant)

 

 

 

 

 

 

By:

/s/ Joseph M. Murphy

 

Name: Joseph M. Murphy

 

Title:   President and Chief Executive Officer





Date:  April 26, 2013