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 31, 2008, Seacoast Banking Corporation of Florida ("Seacoast" or the "Company"), the Company's principal bank subsidiary, Seacoast National Bank (the "Bank"), and certain executive officers of the Company and the Bank entered into an agreement with each such executive officer ("409A Amendment") to modify certain employment and change-in-control agreements to comply with Section 409A of the Internal Revenue Code of 1986, as amended and the final regulations issued thereunder.

A copy of the form of the 409A Amendment is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

The following named executive officers of the Company entered into a 409A Amendment:

Dennis S. Hudson, III

William R. Hahl

A. Douglas Gilbert

O. Jean Strickland

H. Russell Holland, III

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits.

Exhibit No. Description

10.1 Form of 409A Amendment to Employment Agreement

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