-----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, SyrnQezQ/qPtFgsO+tOQoVcWzEIjkXG0LuuN08doZOGV7v8neN8PLwwXPSWXzNg8 4ayO5BHCKf8FfUfyrVqBpg== 0001144204-09-034468.txt : 20090626 0001144204-09-034468.hdr.sgml : 20090626 20090626111753 ACCESSION NUMBER: 0001144204-09-034468 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090624 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090626 DATE AS OF CHANGE: 20090626 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SANDY SPRING BANCORP INC CENTRAL INDEX KEY: 0000824410 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 520312970 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19065 FILM NUMBER: 09911513 BUSINESS ADDRESS: STREET 1: 17801 GEORGIA AVE CITY: OLNEY STATE: MD ZIP: 20832 BUSINESS PHONE: 3017746400 MAIL ADDRESS: STREET 1: 17801 GEORGIA AVENUE CITY: OLNEY STATE: MD ZIP: 20832 8-K 1 v153317_8k.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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):  June 24, 2009

SANDY SPRING BANCORP, INC.
(Exact name of registrant as specified in its charter)

Maryland
000-19065
52-1532952
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
17801 Georgia Avenue, Olney, Maryland  20832
(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code:  (301) 774-6400

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.

Mr. David H. Fogg was elected a director of Sandy Spring Bancorp, Inc. at the regular meeting of the board of directors on June 24, 2009.  He will serve on the Audit Committee.

Mr. Fogg, age 53, is Vice President and Treasurer of General Dynamics Corporation, a leading aerospace and defense company headquartered in Falls Church, Virginia where he has been employed for 18 years.

The Company issued a news release announcing the appointment of Mr. Fogg on June 25, 2009.  A  copy of the news release is included as Exhibit 99.1 to this report and is incorporated herein by reference.
 
Item 9.01
Financial Statements and Exhibits
 
Exhibits

Number
Description

99.1
Press Release dated June 25, 2009

2


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.
 
 
SANDY SPRING BANCORP, INC.
(Registrant)
 
       
Date:  June 25, 2009
By:
/s/ Daniel J. Schrider  
   
Daniel J. Schrider
 
   
President and Chief Executive Officer
 
       
 
3

EX-99.1 2 v153317_ex99-1.htm
 
 
NEWS RELEASE

FOR IMMEDIATE RELEASE
 
SANDY SPRING BANCORP ELECTS VP OF GENERAL DYNAMICS
TO ITS BOARD OF DIRECTORS
 
OLNEY, MARYLAND, June 25, 2009 — Sandy Spring Bancorp, Inc., (Nasdaq: SASR) today announced the election of David H. Fogg, Vice President and Treasurer of General Dynamics (NYSE: GD), to its board of directors.
 
 “With the recent retirement of several long-serviced directors, it has been a goal to augment the skill and talent of our existing board with additional financial expertise and public-company experience," said Hunter R. Hollar, Chairman of the Board. "Dave brings this and much more, and we are very pleased to welcome him to our board."
 
With a total of 27 years in corporate finance, Mr. Fogg has been with General Dynamics, a leading aerospace and defense company headquartered in Falls Church, Virginia, for over 18 years leading risk management and banking activities for the company.  He has expertise in managing domestic and international treasury matters, investment management, as well as mergers and acquisitions and corporate insurance.
 
"Dave is an outstanding addition to our board," said Daniel J. Schrider, President and Chief Executive Officer of Sandy Spring Bancorp, Inc. "He brings an important perspective on the major components of our strategic initiatives for growth and expansion.  As a long-time resident of Northern Virginia, he will also enhance Sandy Spring Bank’s presence in that important market by chairing our Northern Virginia Advisory Board.”
 
Mr. Fogg is a graduate of Oberlin College in Ohio where he received a BA in Economics, and holds an MBA from Columbia University in New York City.  Mr. Fogg also sits on the Finance and Investment Committees for Ford’s Theatre Society.
 
Mr. Fogg will serve on the Audit Committee, and as a Class III director his initial term will expire at the annual meeting of shareholders in 2010, at which time it is expected he will be nominated by the board for election by the shareholders to a three-year term.
 
About Sandy Spring Bancorp, Inc.
 
With $3.5 billion in assets, Sandy Spring Bancorp is the holding company for Sandy Spring Bank and its principal subsidiaries, Sandy Spring Insurance Corporation, The Equipment Leasing Company and West Financial Services, Inc. Sandy Spring Bancorp is the second largest publicly traded banking company headquartered in Maryland. Sandy Spring is a community banking organization that focuses its lending and other services on businesses and consumers in the local market area. Independent and community-oriented, Sandy Spring Bank was founded in 1868 and offers a broad range of commercial banking, retail banking and trust services through 42 community offices in Anne Arundel, Carroll, Frederick, Howard, Montgomery, and Prince George's counties in Maryland, and in Fairfax and Loudoun counties in Virginia. Through its subsidiaries, Sandy Spring Bank also offers a comprehensive menu of leasing, insurance and investment management services. Visit www.sandyspringbank.com to locate an ATM near you or for more information about Sandy Spring Bank.
 
 
 

 
 
For additional information or questions, please contact:
 
Daniel J. Schrider, President & Chief Executive Officer
DSchrider@sandyspringbank.com, or
Philip J. Mantua, Executive V.P. & Chief Financial Officer
PMantua@sandyspringbank.com
Sandy Spring Bancorp, Inc.
17801 Georgia Avenue
Olney, Maryland 20832
800-399-5919
Web site: sandyspringbank.com
 
 
 

 
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