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

Show all filings for HAMPTON ROADS BANKSHARES INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for HAMPTON ROADS BANKSHARES INC


28-Mar-2013

Change in Directors or Principal Officers, Regulation FD Disclosure,


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

On March 27, 2013, the Board of Directors of Hampton Roads Bankshares, Inc. (the "Company"), the holding company for The Bank of Hampton Roads ("BHR") and Shore Bank, appointed Thomas B. Dix, III Interim Chief Financial Officer of the Company, effective as of April 1, 2013. Mr. Dix will serve as Interim Chief Financial Officer until the Company appoints a permanent successor to Stephen P. Theobald, who resigned as Chief Financial Officer of the Company effective March 31, 2012.

Mr. Dix, 34, has served as Senior Vice President and Treasurer of the Company and BHR since May 2011, and as Corporate Secretary of the Company and BHR since October 2011. In addition to his role as Interim Chief Financial Officer, Mr. Dix will continue serving as Senior Vice President and Treasurer of the Company.

Previously, Mr. Dix served as Senior Vice President and Credit Risk Manager of the Company from January 2010 through April 2011, Senior Vice President and Chief Lending Officer of Shore Bank from September 2009 through December 2009, and Vice President, Commercial Banking for BHR from April 2009 to August 2009. Before joining BHR in April 2009, Mr. Dix held positions in credit, asset-based lending, branch management and commercial lending with Mercantile Peninsula Bank/PNC Bank and its predecessor institutions from 2001 to 2009.

Mr. Dix presently has no written employment contract with the Company. In connection with his appointment as Interim Chief Financial Officer, his annual base salary was set at $225,000. In addition, Mr. Dix is eligible to participate in all of the plans and arrangements that are generally available to all of the Company's salaried employees. All of the aforementioned plans are more fully discussed in the Company's 2012 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 25, 2013.

Mr. Dix's father, Thomas B. Dix, Jr., has an outstanding loan with BHR. This loan was made in the ordinary course of business, on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans with persons not related to the Company or BHR, and did not involve more than the normal risk of collectibility or present other unfavorable features.



Item 7.01. Regulation FD Disclosure.

The Company issued a press release on March 28, 2013 announcing Mr. Dix's appointment as Interim Chief Financial Officer. A copy of that press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Ex. 99.1 Press Release, dated March 28, 2013, announcing the appointment of Thomas B. Dix, III, as Interim Chief Financial Officer.


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