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EVBN > SEC Filings for EVBN > Form 8-K on 4-Sep-2012All Recent SEC Filings

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Form 8-K for EVANS BANCORP INC


4-Sep-2012

Change in Directors or Principal Officers


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

On August 29, 2012, Evans Bancorp ("the Company") announced the departure of Cynthia M. Rich, Executive Vice President of Operational Excellence, effective immediately. Mrs. Rich's responsibilities have been re-assigned to other executives. In accordance with Mrs. Rich's employment agreement filed as Exhibit 10.27 to Form 10-K on March 6, 2012 and described in the Company's proxy statement, the Company will pay Mrs. Rich a cash lump sum severance payment conditioned upon her signing a general release in substantially the form set forth as Appendix A to her employment agreement.


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