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WFBI > SEC Filings for WFBI > Form 8-K on 13-Dec-2013All Recent SEC Filings




Change in Directors or Principal Officers, Financial Statements

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

Jon Milton Peterson was elected a director of WashingtonFirst Bankshares, Inc. (the "Company") at the regular meeting of the board of directors on December 9, 2013 to fill an existing vacancy on the board. Mr. Peterson will serve on the Executive Loan Committee. Pursuant to the Company's articles of incorporation and Virginia law, Mr. Peterson will stand for re-election at the Company's 2014 Annual Meeting of Stockholders.
In connection with his election and consistent with the Company's standard compensation arrangements for non-employee directors, Mr. Peterson will receive an annual retainer of $10,000, pro rated for the period of his service, and will receive a fee of $150 for each special board meeting and for each regular board meeting in excess of ten during the board year, $150 for each Committee meeting attended in person and $75 for each Executive Loan Committee meeting. Mr. Peterson is the Senior Vice President of Commercial and Business Development of The Peterson Companies, a real estate development business founded by Mr. Peterson's father, Milton Peterson. He has worked at the business, previously known as Hazel/Peterson Companies, since 1986.
The Company issued a news release announcing the appointment of Mr. Peterson on December 13, 2013. A copy of the news release is included as Exhibit 99.1 to this report and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits
(a)Not applicable.
(b)Not applicable.
(c)Not applicable.
(d)Exhibits. Press Release dated December 13, 2013

Number Description
99.1 Press Release dated December 13, 2013

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