-----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, CPJZYD+H1FR/LrTwPdw11qDKeoEgM4IqjGNyvqYW02ouMTj4+nSeELIMIGcOL8hJ 7amBhu9tMZJhPTsbFr5piQ== 0001181431-05-005494.txt : 20050128 0001181431-05-005494.hdr.sgml : 20050128 20050128172242 ACCESSION NUMBER: 0001181431-05-005494 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050128 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20050128 DATE AS OF CHANGE: 20050128 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST STATE BANCORPORATION CENTRAL INDEX KEY: 0000897861 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 850366665 STATE OF INCORPORATION: NM FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12487 FILM NUMBER: 05559298 BUSINESS ADDRESS: STREET 1: 7900 JEFFERSON NE CITY: ALBUQUERQUE STATE: NM ZIP: 87109 BUSINESS PHONE: 5052417500 MAIL ADDRESS: STREET 1: 7900 JEFFERSON NE CITY: ALBUQUERQUE STATE: NM ZIP: 87190 8-K 1 rrd66499.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): January 28, 2005

FIRST STATE BANCORPORATION
(Exact name of registrant as specified in its charter)

NEW MEXICO
(State or other jurisdiction of incorporation)

001-12487
(Commission File No.)

85-0366665
(IRS Employer
Identification No.)


7900 JEFFERSON, N.E., ALBUQUERQUE, NEW MEXICO
(Address of principal executive offices)

87109
(Zip Code)

(505) 241-7500
Registrant's Telephone Number, including area code

 

 

Item 1.01 Entry into a Material Definitive Agreement.

On January 21, 2005, the Compensation Committee of the Board of Directors of First State Bancorporation (the "Company") approved cash bonus payments for the following executive officers in the amounts set forth opposite the name of each officer:

Executive Officer

Amount of Bonus

Michael R. Stanford, President and C.E.O.

$132,055

H. Patrick Dee, Executive V.P. and C.O.O.

$ 91,060

Christopher C. Spencer, Senior V.P. and C.F.O.

$ 25,000

Thomas E. Bajusz, Chief Credit Officer

$ 30,000

James E. Warden, Senior V.P. of Branch

$ 25,000

Administration and Retail Services

Theresa A. Gabel, Senior V.P. of Human

$ 15,000

Resources and Communications

The cash bonuses of Mr. Stanford and Mr. Dee were determined by the Compensation Committee based on exceptional performance in 2004 in spite of unexpected conditions and events, successfully integrating the Colorado and Utah operations and related mortgage operation, and strengthening investor confidence in the Company.

Bonus allocations to the other executive officers and employees were determined at the discretion of Mr. Stanford and Mr. Dee based primarily on rewarding employees for their respective individual contribution to Company during 2004.

 

 

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.

 

 

FIRST STATE BANCORPORATION

Date: January 28, 2005

 

 

 

By: /s/ Christopher C. Spencer

Christopher C. Spencer
Senior Vice President and
Chief Financial Officer

 

 

 

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