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BKJ > SEC Filings for BKJ > Form 8-K on 23-Dec-2013All Recent SEC Filings

Show all filings for BANCORP OF NEW JERSEY, INC.

Form 8-K for BANCORP OF NEW JERSEY, INC.


23-Dec-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 December 18, 2013, the board of directors of Bancorp of New Jersey, Inc. (the "Company"), the holding company for Bank of New Jersey (the "Bank"), promoted Michael Lesler to President and Chief Executive Officer of the Company and the Bank effective December 18, 2013. Mr. Lesler has been President and Chief Operating Officer of the Company and the Bank since June 24, 2009, and prior to that served as an Executive Vice President and the Chief Financial Officer of the Company and the Bank since 2006. In his new role, Mr. Lesler will perform the functions of the principal executive officer and will continue to perform the functions of principal operating officer of the Company. He will cease to serve as the principal financial and principal accounting officer of the Company.

Additional information regarding Mr. Lesler and his background is included under the heading "Election of Directors - Nominees for Director - Term Expiring In 2016" in the Company's definitive proxy statement for its 2013 annual meeting of shareholders, filed with the U.S. Securities and Exchange Commission on April 21, 2009, and is incorporated herein by reference.

On December 18, 2013, the board of directors of the Company promoted Richard Capone to Senior Vice President and Chief Financial Officer of the Company and the Bank effective December 18, 2013. Mr. Capone, age 64, has been a Senior Vice President and the Controller of the Bank since August 2009, and prior to that was an officer of Northern State Bank, as Executive Vice President and Chief Financial Officer from April 2008, and Senior Vice President and Chief Financial Officer from March 2007 until April 2008. In his new role with the Company, Mr. Capone will perform the functions of principal financial and principal accounting officer.

Mr. Capone currently receives a base salary and is eligible to participate in the benefit plans offered to the Bank's employees, generally, such as medical insurance, group term life insurance and a 401(k) plan. He is eligible to receive discretionary bonus payments and awards under the Company's 2011 Equity Incentive Plan.

Mr. Lesler and Mr. Capone will continue to be employed under their existing compensation arrangements. Neither was appointed to his new position pursuant to any arrangement between him and any other person.


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