Form 8-K CAMDEN NATIONAL CORP For: Jul 31
Tweet
Share
E-mailUNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K |
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 31, 2018
Camden National Corporation (Exact name of registrant as specified in its charter) |
Maine | 01-28190 | 01-0413282 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
Two Elm Street, Camden, Maine | 04843 | |
(Address of principal executive offices) | (Zip Code) | |
Registrant’s telephone number, including area code: (207) 236-8821
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¬ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¬ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¬ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¬ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging Growth Company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ¨
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On July 31, 2018, the Board of Directors of Camden National Corporation (the "Company") elected Ms. Marie J. McCarthy to serve as a member of the Board of Directors effective July 31, 2018. Ms. McCarthy will serve as a member of the Board of Directors of the Company until the 2019 Annual Meeting of Shareholders. The board has determined Ms. McCarthy will also serve as a member of the Company's Technology Committee.
There are no understandings or arrangements between Ms. McCarthy and any other person pursuant to which Ms. McCarthy was selected as a director of the Company. There are no related party transactions between the Company and Ms. McCarthy reportable under Item 404(a) of Regulation S-K.
In connection with her service as a director, Ms. McCarthy will receive the Company’s standard non-employee director cash compensation. Specifically, Ms. McCarthy will receive the $10,000 annual cash retainer, $1,000 per attended meeting of the Board of Directors, and $500 per attended meeting of the Technology Committee.
Please refer to exhibit 99.1 filed with this report for the Company's press release announcing the election of Ms. McCarthy as director of the Company.
Item 9.01 | Financial Statements and Exhibits. |
(d) The following exhibit is filed with this Report:
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: July 31, 2018
CAMDEN NATIONAL CORPORATION (Registrant) | ||
By: | /s/ DEBORAH A. JORDAN | |
Deborah A. Jordan Chief Financial Officer and Principal Financial & Accounting Officer | ||
CONTACT:
Gretchen Williams
PR & Communications Officer
Camden National Bank
(207) 518-5684 or [email protected]
FOR IMMEDIATE RELEASE
July 31, 2018
Camden National Corporation Grows its Board of Directors with Election of Marie McCarthy, Chief Operations and People Officer of L.L.Bean
CAMDEN, ME, July 31, 2018 - The Board of Directors of Camden National Corporation (NASDAQ: CAC) today announced the appointment of Marie McCarthy, as an independent director of the company, effective immediately. She currently serves as Chief Operations and People Officer of L.L.Bean, where she’s worked since 1993.
“We are very pleased to welcome Marie, a highly experienced Maine business leader who brings strategic and operational expertise to our board,” said Larry J. Sterrs, Chair of the Board of Directors of Camden National Corporation. “Marie’s insight into a wide variety of areas, including human resources development, will be instrumental as we continue to deepen customer satisfaction, recruit and retain top employee talent, and build long-term value for our shareholders.”
McCarthy has worked primarily in Human Resources throughout her career, and her role has expanded in recent years to include oversight of L.L.Bean’s Operations, including Fulfillment, Returns, Manufacturing, Customer Satisfaction and Corporate Facilities. She is a member of L.L.Bean’s Investment and Retail Real Estate Committees, she convenes the Corporate Real Estate Committee, and she serves as Chair of the Benefits Committee. McCarthy holds a Bachelor’s degree in Psychology from University of Wisconsin-Madison and a Master’s degree in Industrial Relations from University of Rhode Island.
“Camden National Bank has impressive roots in Maine’s vibrant communities,” said McCarthy. “I’m honored to be joining the board of directors, and I look forward to supporting the advancement of the Company’s promising strategic plan.”
McCarthy is a dedicated community member, currently serving on the Board of Maine Medical Center, and has also served on member agencies and a scholarship committee of the United Way. McCarthy currently lives with her family in North Yarmouth.
Ms. McCarthy’s appointment expands the Board to 11 directors, 10 of whom are independent. She will serve on the Technology Committee for Camden National Corporation.
About Camden National Corporation
Camden National Corporation (NASDAQ: CAC), headquartered in Camden, Maine, is the largest publicly traded bank holding company in Northern New England with $4.2 billion in assets and nearly 650 employees. Camden National Bank, its subsidiary, is a full-service community bank founded in 1875 that offers an array of consumer and business financial products and services, accompanied by the latest in digital banking technology to empower customers to bank the way they want. The Bank provides personalized service through a network of 60 banking centers, 71 ATMs, and lending offices in New Hampshire and Massachusetts, all complemented by 24/7 live phone support. 2017 marks the 8th time Camden National Bank has received the “Lender at Work for Maine” Award from the Finance Authority of Maine. Comprehensive wealth management, investment and financial planning services are delivered by Camden National Wealth Management. To learn more, visit CamdenNational.com. Member FDIC.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Textron Aviation’s Company-Owned Service Centers Receive Recertification as a Green Aviation Business from NATA
- JAKKS Pacific, Inc. Announces First Quarter 2024 Earnings Call
- 135th Canton Fair Spotlight: Booming Electric Vehicle Orders from TAILG Propel Green Trade
Create E-mail Alert Related Categories
SEC FilingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
