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FFBH > SEC Filings for FFBH > Form 8-K on 28-Mar-2013All Recent SEC Filings

Show all filings for FIRST FEDERAL BANCSHARES OF ARKANSAS INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for FIRST FEDERAL BANCSHARES OF ARKANSAS INC


28-Mar-2013

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 March 28, 2013, the Board of Directors (the "Board") of First Federal Bancshares of Arkansas, Inc. (the "Company"), and its wholly-owned subsidiary, First Federal Bank (the "Bank"), announced the election of Christopher M. Wewers as President and Chief Executive Officer, effective June 30, 2013, and in the case of his role as CEO of the Company, upon the prior non-objection of the Federal Reserve Bank, the Company's primary regulator. Mr. Wewers currently serves as President and Chief Operating Officer of the Company and Bank.

In connection with his appointment, Mr. Wewers' annual base salary will be increased from $220,000 to $250,000. Mr. Wewers will also receive a restricted stock grant of 30,000 shares in connection with his appointment that will vest seven years from the date of the grant.

Following the transition, W. Dabbs Cavin will remain on the Board of Directors of the Company and Bank, and serve as Executive Vice Chairman.

Any information regarding Mr. Wewers required by Items 401(b), (d), (e) and Item 404(a) of Regulation S-K was disclosed in the Company's proxy statement filed with the Securities and Exchange Commission on April 23, 2012, and is incorporated herein by reference.

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