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FCCY > SEC Filings for FCCY > Form 8-K on 8-Apr-2014All Recent SEC Filings

Show all filings for 1ST CONSTITUTION BANCORP

Form 8-K for 1ST CONSTITUTION BANCORP


8-Apr-2014

Change in Directors or Principal Officers, Financial Statements and Exhi


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

On April 4, 2014, 1st Constitution Bancorp (the "Company") and Robert F. Mangano entered into an Amendment (the "Amendment") to the Amended and Restated Employment Agreement, dated as of July 1, 2010 ( the "Employment Agreement"), between the Company and Mr. Mangano, President and Chief Executive Officer of both the Company and 1st Constitution Bank, a wholly-owned subsidiary of the Company (the "Bank").

The Amendment, among other things, permits the term of the Employment Agreement to extend until Mr. Mangano's seventy second birthday. Prior to the Amendment, the Employment Agreement would not extend beyond Mr. Mangano's seventieth birthday. The Amendment also added a section to the Employment Agreement that provides that (a) the Company will not be obligated to make any payments under the Employment Agreement in violation of any law, rule or regulation applicable to the Company, the Bank or any of the Company's other subsidiaries or any exchange where the Company's securities are listed and (b) any payments made under the Employment Agreement may be subject to claw back pursuant to any law, rule or regulation or requirement applicable to the Company, the Bank or any of the Company's other subsidiaries or any exchange on which the Company's securities are listed or any policy adopted by the Board of Directors of the Company pursuant to any such laws, rules, regulations or requirements of any exchange where the Company's securities are listed.

The foregoing summary description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report, which is incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

10.1 Amendment to the Amended and Restated Employment Agreement, dated April 4, 2014, between 1st Constitution Bancorp and Robert F. Mangano


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