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CMTV > SEC Filings for CMTV > Form 8-K on 14-Mar-2013All Recent SEC Filings

Show all filings for COMMUNITY BANCORP /VT | Request a Trial to NEW EDGAR Online Pro

Form 8-K for COMMUNITY BANCORP /VT


14-Mar-2013

Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Other Even


ITEM 5.03. AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR

(a) Prior to amendment, Section 3.07 of the Company's Bylaws provided that a director in office who has reached the mandatory retirement age of 72 may serve only until the next annual meeting and may not stand for election to a new term. On March 12, 2013, the Company's Board of Directors amended Section 3.07 to allow a director in office who has reached the mandatory retirement age of 72 to continue to serve the unexpired balance of the term of the class to which he or she was elected or appointed. The amendment also clarified that, in addition to being prohibited from standing for election after reaching the mandatory retirement age, an individual who has reached mandatory retirement age may not be appointed as a director pursuant to the Board's power to fill vacancies. No other changes to the Bylaws were made.

A complete copy of the Bylaws, as amended and restated through March 12, 2013, is filed as Exhibit 3.1 to this Report, and is incorporated herein by reference.



ITEM 8.01. OTHER EVENTS

On March 12, 2013, Community Bancorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.14 per share payable May 1, 2013 to shareholders of record on April 15, 2013. The Company's press release dated March 13, 2013, is filed as Exhibit 99.1 to this Report, and incorporated herein by reference.



ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

Exhibit Bylaws of Community Bancorp., amended and restated through March 12, 2013 3.1


Exhibit 99.1 - Press Release of Community Bancorp. dated March 13, 2013


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