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EVBS > SEC Filings for EVBS > Form 8-K on 6-Jul-2012All Recent SEC Filings

Show all filings for EASTERN VIRGINIA BANKSHARES INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for EASTERN VIRGINIA BANKSHARES INC


6-Jul-2012

Change in Directors or Principal Officers, Financial Statements a


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


On June 29, 2012 (the "Grant Date"), the executive officers of Eastern Virginia
Bankshares, Inc. (the "Company") received grants of TARP-compliant restricted
stock under the Company's 2007 Equity Compensation Plan (the "2007 Plan") in the
following amounts:



                                               Number of
                                               shares  of
                    Executive               restricted stock
                    Joe A. Shearin                     12,000
                    Joseph H. James, Jr.                6,000
                    J. Adam Sothen                      4,000
                    Douglas R. Taylor                   4,000
                    James S. Thomas                     4,000
                    Ann-Cabell Williams                 4,000

The grants were approved by the Compensation Committee of the Company's Board of Directors and, subject to earlier forfeiture or accelerated vesting under circumstances described in the award agreement, provide for time-based installment vesting over five years from the Grant Date. The grants are subject to the terms of the 2007 Plan and the terms of the award agreement, a form of which is filed herewith as Exhibit 10.13 and incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
  No.                                    Description

10.13       Form of TARP-compliant Restricted Stock Agreement under Eastern
            Virginia Bankshares, Inc. 2007 Equity Compensation Plan


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