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CSFL > SEC Filings for CSFL > Form 8-K on 31-Dec-2008All Recent SEC Filings

Show all filings for CENTERSTATE BANKS OF FLORIDA INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for CENTERSTATE BANKS OF FLORIDA INC

31-Dec-2008

Change in Directors or Principal Officers, Financial Statements


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

(e) Compensatory Arrangements of Certain Officers.

On December 30, 2008, the Company entered into an Executive Deferred Compensation Agreement (the "Agreement") with Ernest S. Pinner, its Chairman of the Board, Chief Executive Officer and President. Pursuant to the terms and conditions of the Agreement, upon Normal Retirement Date, defined as December 15, 2013, Mr. Pinner shall be entitled to an annual benefit of $150,000. The Company shall distribute the annual benefit to Mr. Pinner in twelve consecutive monthly payments commencing within thirty days following his Normal Retirement Date. The annual benefit will be paid for fifteen years.



Item 9.01. Financial Statements and Exhibits.

(a) Exhibits: 

Exhibit 10.1   Executive Deferred Compensation Agreement between the Company and
               Ernest S. Pinner, its Chairman of the Board, Chief Executive Officer
               and President

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