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JAXB > SEC Filings for JAXB > Form 8-K on 25-Jun-2013All Recent SEC Filings

Show all filings for JACKSONVILLE BANCORP INC /FL/



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 June 24, 2013, Stephen C. Green resigned as President and Chief Executive Officer of Jacksonville Bancorp, Inc. (the "Company"), and as Chief Executive Officer of The Jacksonville Bank (the "Bank"), a wholly owned subsidiary of the Company. On the same date, Mr. Green also resigned from the boards of directors of the Company and the Bank. Mr. Green's resignation as director was not a result of any disagreement with the Company or the Bank on any matter relating to the Company's or the Bank's operations, policies or practices.

The Company is engaging an executive search firm to initiate the search for a successor President and Chief Executive Officer. The Company's board of directors intends to appoint Donald F. Glisson, Jr., the Chairman of the Board, as the Company's interim principal executive officer.

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