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): June 20, 2018
Lakeland Bancorp, Inc.
(Exact Name of Registrant as Specified in Charter)
| NEW JERSEY | 000-17820 | 22-2953275 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
250 Oak Ridge Road, Oak Ridge, New Jersey 07438
(Address of Principal Executive Offices) (Zip Code)
(973) 697-2000
(Registrant’s telephone number, including area code)
(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:
| ☐ | 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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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 June 20, 2018, James E. Hanson II was appointed to the Boards of Directors of Lakeland Bancorp, Inc. (“Lakeland”) and Lakeland Bank. Mr. Hanson, age 59, is President and CEO of The Hampshire Companies, a full service, private real estate investment firm based in Morristown, New Jersey.
Mr. Hanson will serve on the Lakeland Board’s Nominating and Corporate Governance and Risk Committees. It is expected that Lakeland’s Board will nominate Mr. Hanson to be elected by Lakeland’s shareholders at its 2019 annual meeting for a one year term expiring in 2020.
A copy of the press release announcing Mr. Hanson’s appointment is filed with this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following Exhibit is filed with this Current Report on Form 8-K:
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SIGNATURE
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.
| Lakeland Bancorp, Inc. | ||||||
| Date: June 22, 2018 | By: | /s/ Timothy J. Matteson | ||||
| Name: Timothy J. Matteson | ||||||
| Title: Executive Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary | ||||||
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Exhibit 99.1
PRESS RELEASE
Lakeland Bank Appoints James E. Hanson II to the Board of Directors
Oak Ridge, N.J. – June 22, 2018 – Thomas J. Shara, President and CEO of Lakeland Bancorp, Inc. (NASDAQ: LBAI), announced that James E. Hanson II has been appointed to the Boards of Directors of Lakeland Bancorp, Inc. (“Lakeland”) and Lakeland Bank.
Mr. Hanson, age 59, is President and CEO of The Hampshire Companies, a full service, private real estate investment firm with assets valued at more than $2.3 billion based in Morristown, New Jersey.
“We are delighted to welcome Jimmy, and his extensive knowledge of the commercial real estate markets, to our Board of Directors,” stated Mary Ann Deacon, Chairman of Lakeland. “His proven business experience and philanthropic leadership will add a valuable perspective to our Board,” added Mr. Shara.
Mr. Hanson holds a number of leadership positions, both professionally and philanthropically. He presently serves as Co-Chairman of the Board of Advisors and Executive-in-Residence at Rutgers University School of Business, Center for Real Estate Studies. Mr. Hanson also serves as a Member of the New Jersey State Investment Council since 2010, and as a Commissioner of the Palisades Interstate Park Commission since 1995. (Mr. Hanson served as President of the Commission between 2000 and 2005).
Mr. Hanson received his law degree from Vermont Law School, graduating Magna Cum Laude, and Bachelor of Arts from Hope College, subsequently serving in a variety of leadership roles at each institution, including as Trustee.
Mr. Hanson will serve on the Lakeland Board’s Nominating and Corporate Governance and Risk Committees. It is expected that Lakeland’s Board will nominate Mr. Hanson to be elected by Lakeland’s shareholders at its 2019 annual meeting for a one year term expiring in 2020.
About Lakeland Bank
Lakeland Bank is the wholly-owned subsidiary of Lakeland Bancorp, Inc. (NASDAQ:LBAI), which has $5.5 billion in total assets. The Bank operates 53 branch offices throughout Bergen, Essex, Morris, Ocean, Passaic, Somerset, Sussex, and Union counties in New Jersey including one branch in Highland Mills, New York; six New Jersey regional commercial lending centers in Bernardsville, Jackson, Montville, Newton, Teaneck and Waldwick; and one in New York to serve the Hudson Valley region. Lakeland also has a commercial loan production office serving Middlesex and Monmouth counties in New Jersey. Lakeland Bank offers an extensive suite of financial products and services for businesses and consumers. Visit LakelandBank.com for more information.
Thomas J. Shara
President & CEO
Thomas F. Splaine
EVP & CFO
973-697-2000