-----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, VIS9LoIJRFIZeC/1HcOLnwhCSZznqzi1zsC6xI/yjtvN/2n3Yccvf4jS2xsB0f6a 1iTGni3OarRQHLvNLZPofQ== 0001002105-09-000439.txt : 20091006 0001002105-09-000439.hdr.sgml : 20091006 20091006172320 ACCESSION NUMBER: 0001002105-09-000439 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20090930 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: 20091006 DATE AS OF CHANGE: 20091006 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MIDDLEBURG FINANCIAL CORP CENTRAL INDEX KEY: 0000914138 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 541696103 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24159 FILM NUMBER: 091108754 BUSINESS ADDRESS: STREET 1: 111 W WASHINGTON ST STREET 2: C/O MIDDLEBURG BANK CITY: MIDDLEBURG STATE: VA ZIP: 22117 BUSINESS PHONE: 5406876377 MAIL ADDRESS: STREET 1: 111 WEST WASHINGTON STREET STREET 2: C/O MIDDLEBURG BANK CITY: MIDDLEBURG STATE: VA ZIP: 22117 FORMER COMPANY: FORMER CONFORMED NAME: INDEPENDENT COMMUNITY BANKSHARES INC DATE OF NAME CHANGE: 19931027 8-K 1 f8kmfc093009.htm FORM 8-K 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): September 30, 2009

___________

 

MIDDLEBURG FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

        

Virginia

(State or other jurisdiction

of incorporation)

0-24159

(Commission File Number)

54-1696103

(I.R.S. Employer

Identification No.)

 

 

 

111 West Washington Street

Middleburg, Virginia

(Address of principal executive offices)

 

20117

(Zip Code)

 

Registrant’s telephone number, including area code: (703) 777-6327

 

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.

 

On September 30, 2009, Middleburg Financial Corporation (the “Company”) appointed Mr. Raj Mehra, age 48, as Executive Vice President and Chief Financial Officer of the Company. Previously, Mr. Mehra served as Executive Vice President and Chief Financial Officer of Fidelity Co-operative Bank since January 2008. From July 2007 to January 2008, he served as President of Chelsea Advisory Services, LLC, a consulting firm specializing in banking and capital markets. He also was Senior Vice President and Chief Financial Officer of Urban Trust Bank from 2005 to July 2007 and a Senior Business Manager with Fannie Mae from 2003 to 2004.

 

Mr. Mehra will receive an annual base salary of $190,000 and a signing bonus of $55,000 that will be divided over two time periods. The first bonus allotment of $40,000 will be paid with Mr. Mehra’s first paycheck, and the remainder will be paid on March 31, 2010. If Mr. Mehra voluntarily leaves the Company within 24 months, he will be obligated to repay the signing bonus in prorated fashion. In addition, Mr. Mehra will receive 5,000 stock options, which will vest over a three year period. He also will be eligible for the Company’s Management Incentive Program beginning January 1, 2010. Mr. Mehra will be entitled to participate in all of the employee benefit plans for which he is eligible, including health and dental insurance, long term disability insurance, and the Company’s 401(k) plan.

 

The Company issued a press release announcing the appointment on October 6, 2009. The press release is attached as Exhibit 99.1 to this report and is incorporated herein by reference.

 

Item 9.01

Financial Statements and Exhibits

 

 

(d)

Exhibits.

 

 

Exhibit No.

Description

 

 

99.1

Press release issued by the Registrant dated October 6, 2009.

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

MIDDLEBURG FINANCIAL CORPORATION

(Registrant)

 

 

Date: October 6, 2009

By:

/s/ Gary R. Shook

 

Gary R. Shook

 

President

 

 

 

EXHIBIT INDEX

 

 

Exhibit No.

Description

 

 

99.1

Press release issued by the Registrant dated October 6, 2009.

 

 

 

 

 EX-99 2 ex99.htm EXHIBIT 99.1

Exhibit 99.1


 

 

Press Contact:

Gary R. Shook

President

(540) 687-4801

 

MIDDLEBURG FINANCIAL CORPORATION NAMES NEW CFO.

 

MIDDLEBURG, Va. – October 6, 2009 – Middleburg Financial Corporation (the “Company”) (Nasdaq: MBRG), announced today that Mr. Raj Mehra has been named as Executive Vice President and Chief Financial Officer.

 

Mr. Mehra brings 22 years of leadership experience in the financial services industry, including banking, financial risk management, mortgage backed securities, derivatives and public accounting. During his career, Mr. Mehra has served as Chief Financial Officer of a community bank, Financial Risk Management practice leader at a Big 4 Audit firm, and is the founder of a financial risk consulting company.

 

“We are delighted that Raj Mehra is joining Middleburg Financial Corporation as our CFO” said Gary R. Shook, President of the Company. “Raj brings a diverse skill set that will help our company continue to execute its business strategy to the fullest. As we look ahead to the future, I know that the experience, financial acumen and leadership skills Raj has developed throughout his career will enable him to develop innovative solutions that will enhance our long-term performance” added Mr. Shook.

 

“I am excited to join Middleburg Financial Corporation” said Mr. Mehra. “It is great to be part of a company that is so financially strong and deeply rooted in the community. The team at Middleburg Financial Corporation has built a great business and I look forward to helping the organization continue to grow and prosper” noted Mr. Mehra.

 

Mr. Mehra holds a BS in Engineering from the Indian Institute of Technology in New Delhi, India, and a MS in Engineering and an MBA from the University of Massachusetts. He is a Board member of Financial Executives International, a Member of the Global Association of Risk Professionals, a Member of the Accounting and Governance Committee of the American Bankers Association and a Member of the Secondary Markets Committee of the American Bankers Association.

 

About Middleburg Financial Corporation

 

Middleburg Financial Corporation is headquartered in Middleburg, Virginia and has two wholly owned subsidiaries, Middleburg Bank and Middleburg Investment Group, Inc. Middleburg Bank serves Loudoun, Fairfax, and Fauquier Counties in Virginia with eight financial service centers. Middleburg Investment Group owns Middleburg Trust Company and Middleburg Investment

 


 

Advisors, Inc. Middleburg Trust Company is headquartered in Richmond, Virginia with a branch office in Middleburg and Williamsburg. Middleburg Investment Advisors, Inc. is an SEC registered investment advisor located in Alexandria, Virginia.

 

###

 

 

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