-----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, UqgXt8y373Q1NBVv/7hcaF/iV3PiOvBtEOQqMPE4RIhCCOhUSQNVsjbpQK8m4OrY CW9B1PUthbsmWlxrrdZKUA== 0000787849-06-000117.txt : 20060523 0000787849-06-000117.hdr.sgml : 20060523 20060523150246 ACCESSION NUMBER: 0000787849-06-000117 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060517 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20060523 DATE AS OF CHANGE: 20060523 FILER: COMPANY DATA: COMPANY CONFORMED NAME: YARDVILLE NATIONAL BANCORP CENTRAL INDEX KEY: 0000787849 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 222670267 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26086 FILM NUMBER: 06861223 BUSINESS ADDRESS: STREET 1: 2465 KUSER RD CITY: HAMILTON STATE: NJ ZIP: 08690 BUSINESS PHONE: 6096316218 MAIL ADDRESS: STREET 1: 2465 KUSER RD CITY: HAMILTON STATE: NJ ZIP: 08690 8-K 1 form8kserp.htm 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

 

 

 

Date of Report (Date of Earliest Event Reported):

May 17, 2006

 

YARDVILLE NATIONAL BANCORP

(Exact Name of Issuer as Specified in Charter)

 

NEW JERSEY

(State or Other Jurisdiction of Incorporation or Organization)

000-26086

(Commission File Number)

22-2670267

(I.R.S. Employer Identification Number)

 

2465 KUSER ROAD, HAMILTON, NEW JERSEY 08690

(Address of Principal Executive Offices)

 

(609) 585-5100

(Registrant’s Telephone Number, Including Area Code)

 

 

Check the appropriate box below if the Form 8-K 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

[ ]

Soliciting material pursuant to Rule 14a-12 under the Exchange Act

[ ]

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

[ ]

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

 


 

 

Item 1.01 Entry into a Material Definitive Agreement.

On May 17, 2006, the Compensation Committee of the Board of Directors of Yardville National Bancorp, referred to as the “Company,” approved the participation of Daniel J. O’Donnell, Secretary of the Company and Executive Vice President and Chief Legal Officer of The Yardville National Bank, referred to as the “Bank,” the Company’s principal subsidiary, in the Second Amended and Restated Supplemental Executive Retirement Plan of Yardville National Bank, as amended, referred to as the “SERP.” Upon termination of employment at or after his normal retirement age of 65, Mr. O’Donnell will receive a retirement benefit equal to forty percent (40%) of an average of his cash compensation during the three of six calendar years (the year of his retirement and the five preceding years) that produce the highest average, provided that such benefit may not exceed the benefit determined as of the date Mr. O’Donnell attains his normal retirement age without regard to whether he remains employed after such date. The benefit is payable, at the participant’s election, in 180 monthly installments or an actuarially equivalent lump sum and Mr. O’Donnell has elected the lump sum. Based on assumptions used in connection with Mr. O’Donnell’s participation in the SERP, the estimated benefit payable to Mr. O’Donnell at his specified normal retirement age would be approximately $1.9 million.

A copy of the Second Amended and Restated Supplemental Executive Retirement Plan is attached as an exhibit to the Company’s Annual Report on Form 10-K for the year ended December 31, 2004, and a copy of the amendment thereto is attached as an exhibit to the Company’s Annual Report on Form 10-K for the year ended December 31, 2005, both of which are filed with the Securities and Exchange Commission.

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.

 

 

YARDVILLE NATIONAL BANCORP

Date: May 23, 2006

By:         Stephen F. Carman                    

Stephen F. Carman

Vice President and Treasurer

 

 

 

 

 

 

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