-----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, TntUlm917YC4l3uYby7lVYJDddAt6YA6MH/QwJSooDeOfpvMgYgoDt25x+PsGPfL 4/fUyjYn8xs353xs3wk62Q== 0001193125-07-258832.txt : 20071204 0001193125-07-258832.hdr.sgml : 20071204 20071204170120 ACCESSION NUMBER: 0001193125-07-258832 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071128 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20071204 DATE AS OF CHANGE: 20071204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERVEST BANCSHARES CORP CENTRAL INDEX KEY: 0000927807 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 133699013 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23377 FILM NUMBER: 071284402 BUSINESS ADDRESS: STREET 1: 1 ROCKEFELLER PLAZA STREET 2: SUITE 400 CITY: NEW YORK STATE: NY ZIP: 10020-2002 BUSINESS PHONE: 2122182800 MAIL ADDRESS: STREET 1: 1 ROCKEFELLER PLAZA STREET 2: SUITE 400 CITY: NEW YORK STATE: NY ZIP: 10020-2002 8-K 1 d8k.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): November 28, 2007

 

INTERVEST BANCSHARES CORPORATION

(Exact Name of Registrant as Specified in Charter)

 

 

Delaware   000-23377   13-3699013

(State or other jurisdiction

of incorporation)

   (Commission File Number)  

(IRS Employer

Identification Number)

 

One Rockefeller Plaza, Suite 400 New York, New York   10020-2002
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s Telephone Number Including Area Code: (212) 218-2800

 

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 (see General Instruction A.2. below):

 

¨ 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))

 

Section 5 – Corporate Governance and Management

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers

On November 28, 2007, the Board of Directors of Intervest Bancshares Corporation (the “Company”) approved the award of cash bonuses to the executive officers of the Company or its subsidiaries, as follows, with such bonuses to be paid on or before January 31, 2008: Raymond Sullivan, President of Intervest National Bank - $10,000; Keith Olsen, President of the Florida Division of Intervest National Bank - $15,000; John Arvonio, Chief Financial Officer - $10,000; Stephen Helman, Vice President and Secretary - $10,000; and John Hoffmann, Chief Financial Officer of Intervest Mortgage Corporation - $7,500. The bonuses awarded to Messrs. Sullivan and Olsen will be paid by Intervest National Bank and the bonuses awarded to Messrs. Helman and Hoffmann will be paid by Intervest Mortgage Corporation.

On November 28, 2007, the Board of Directors of the Company also approved increased annual base salaries of its officers, to be effective as of January 1, 2008, as follows: Keith Olsen, President of the Florida Division of Intervest National Bank - $335,000; Stephen Helman, Vice President and Secretary - $237,000; John Arvonio, Chief Financial Officer - $211,500; Raymond Sullivan, President, Intervest National Bank - $201,000; and John Hoffmann, Chief Financial Officer of Intervest Mortgage Corporation - $134,000.

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 thereunto duly authorized.

 

    INTERVEST BANCSHARES CORPORATION
Date: December 4, 2007   By:  

/s/ Lowell S. Dansker

    Lowell S. Dansker,
    Chairman and Executive Vice President
    (Principal Executive Officer)
Date: December 4, 2007   By:  

/s/ John J. Arvonio

    John J. Arvonio,
    Chief Financial and Accounting Officer
    (Principal Financial Officer)
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