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FMER > SEC Filings for FMER > Form 8-K on 20-Dec-2013All Recent SEC Filings

Show all filings for FIRSTMERIT CORP /OH/



Change in Directors or Principal Officers, Financial Statements and Exhibits

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

On December 19, 2013, the Board of Directors of FirstMerit Corporation (the "Company") approved, based on the recommendation of the Compensation Committee, an amendment to the FirstMerit Corporation Amended and Restated Supplemental Executive Retirement Plan, as amended (the "SERP"). Among other things, the amendment to the SERP freezes the benefit payable under the SERP to Mr. Greig, the Company's Chairman, President and Chief Executive Officer ("CEO"), at the level of the benefit accrued by Mr. Greig under the SERP as of November 30, 2013, such that neither later increases nor decreases in the CEO's compensation nor any other change in circumstances shall cause any increase or decrease in the amount payable to Mr. Greig under the SERP. The amendment also generally conforms the "cause" provisions under the SERP with respect to Mr. Greig to those contained in his employment agreement.

The above description of the amendment to the SERP is qualified in all respects by the terms of the amendment to the SERP, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference in this Item 5.02.

Item 9.01 Financial Statements and Exhibits.

(d)       Exhibits

Exhibit No.   Description

10.1          Amendment to the FirstMerit Corporation Amended and Restated
              Supplemental Executive Retirement Plan, dated December 20, 2013

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