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

Date of Report (Date of earliest event reported): April 25, 2017

Camden National Corporation

(Exact name of registrant as specified in its charter)

Maine	01-28190	01-0413282
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

Two Elm Street, Camden, Maine	04843
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (207) 236-8821

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging Growth Company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ¨

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

On April 25, 2017, the Board of Directors of Camden National Corporation (the "Company") elected Mr. Craig N. Denekas to serve as a member of the Board of Directors effective April 25, 2017. Mr. Denekas will serve as a member of the Board of Directors of the Company until the 2019 Annual Meeting of Shareholders, the board has not yet determined which committees he will serve on.

There are no understandings or arrangements between Mr. Denekas and any other person pursuant to which Mr. Denekas was selected as a director of the Company. There are no related party transactions between the Company and Mr. Denekas reportable under Item 404(a) of Regulation S-K.

In connection with his service as a director, Mr. Denekas will receive the Company’s standard non-employee director cash compensation. Specifically, Mr. Denekas will receive the $8,750 annual cash retainer and $1,000 per attended meeting of the Board of Directors.

Please refer to exhibit 99.1 filed with this report for the Company's press release announcing the election of Mr. Denekas as director of the Company.

Item 9.01 Financial Statements and Exhibits.

 (d)    The following exhibits are filed with this Report:

Exhibit No.	Description
99.1	Press release dated May 1, 2017 announcing election of Craig N. Denekas as director of Camden National Corporation

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.

Dated: May 1, 2017

CAMDEN NATIONAL CORPORATION (Registrant)
By:	/s/ DEBORAH A. JORDAN
	Deborah A. Jordan Chief Financial Officer and Principal Financial & Accounting Officer

EX-99.1

CONTACT:                                    

Christine Rossini

Public Relations Strategist

Camden National Bank

(207) 712-9279 or crossini@CamdenNational.com

FOR IMMEDIATE RELEASE

May 1, 2017

Craig N. Denekas of the Libra Foundation Joins Camden National Corporation’s Board of Directors

CAMDEN, Maine, May 1, 2017 - The Board of Directors of Camden National Corporation (NASDAQ®: CAC; “Company” or “Camden National”) today announced the appointment of Craig N. Denekas, Chairman and Chief Executive Officer of the Libra Foundation as an independent director of the firm, effective immediately.

“We are delighted that Craig is joining the Camden National Corporation’s board of directors with his extraordinary experience and legal expertise,” said Karen W. Stanley, Chair of the board of directors of the Company and Camden National Bank, the Company’s wholly-owned subsidiary. “His diverse set of experiences, from years as a practicing attorney to nonprofit leadership, as well as insights gained from countless appointments on various boards locally and nationwide make Craig a great addition to our team.”

Currently, Denekas serves as Trustee, Chairman and Chief Executive Officer of the Libra Foundation. Based out of Portland, this private grant-making charitable foundation embraces the sense of proportion and fairness defined by its name, Libra, to fulfill its mission of maintaining a balance and diversity of giving throughout the state of Maine and across all populations. In addition to traditional grant-making that exceeds $175 million, the Foundation takes an innovative approach to its investing by establishing or acquiring several companies such as Pineland Farms of New Gloucester to create sustainable businesses and employment opportunities for Maine citizens.

Prior to joining the Libra Foundation in 2001 and serving in multiple leadership positions before his appointment as Chief Executive Officer, Denekas was a director and shareholder at the law firm of Perkins, Thompson in Portland for over a decade. While at the firm, Denekas focused on corporate acquisitions, business law, real estate and commercial lending. He has served as a Trustee and on various board of directors including the Barbara Bush Foundation for Family Literacy out of Florida, the Fisher Charitable Foundation in Maine and was past Chairman of the Board of Trustees of Maine Public Broadcasting.

“I have always admired Camden National for their commitment to customers and the communities they serve,” said Denekas. “This is an exciting time to join the organization as they continue to grow their presence in the region and introduce innovative technologies to complement their personal banking experience for customers and businesses. I have tremendous respect for the executive leadership and board members, and I look forward to working with them.”

About Camden National Corporation

Camden National Corporation (NASDAQ:CAC), founded in 1875 and headquartered in Camden, Maine, is the largest publicly traded bank holding company in Northern New England with $3.9 billion in assets and nearly 650 employees. Camden National Bank, its subsidiary, is a full-service community bank that offers an array of consumer and business financial products and services, accompanied by the latest in digital banking technology to empower customers to bank the way they want. The Bank provides personalized service through a network of 60 banking centers, 76 ATMs, and lending offices in New Hampshire and Massachusetts, all complimented by 24/7 live phone support. Comprehensive wealth management, investment, and financial planning services are delivered by Camden National Wealth Management. To learn more, visit CamdenNational.com. Member FDIC.