Unassociated Document
UNITED
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): August 23, 2007
CENTER
BANCORP, INC.
(Exact
Name of Registrant as Specified in its Charter)
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New
Jersey
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2-81353
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52-1273725
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(State
Or Other
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(Commission
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(IRS
Employer
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Jurisdiction
Of
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File
Number)
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Identification
No.)
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Incorporation)
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2455
Morris Avenue, Union, New Jersey
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07083
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant's
telephone number, including area code: (800) 862-3683
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 (see General Instruction A.2. below):
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
oSoliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
oPre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act(17
CFR
240.14d-2(b))
oPre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17
CFR
240.13e-4(c))
Item
5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensation Arrangements of Certain
Officers.
On
August
23, 2007, John J. Davis retired as President and Chief Executive Officer of
each
of Center Bancorp, Inc. (the “Company”) and Union Center National Bank, a
wholly-owned subsidiary of the Company (the “Bank”), effective immediately. Also
on August 23, 2007, in order to fill a vacancy on the Board of Directors of
the
Company created by the previously disclosed resignation of Kenneth Battiato,
the
Board of Directors of the Company appointed Mr. Davis to serve as a Class III
director of the Company, with his term expiring in 2008. Mr. Davis remains
a
director of the Bank. Mr. Davis, age 64, served as President and Chief Executive
Officer of the Company from 1982 until his retirement and as President and
Chief
Executive Officer of the Bank from 1977 until his retirement. Mr. Davis served
as a director of the Company from 1982 until May 2007 and has served as a
director of the Bank since 1977.
On
August
23, 2007, the Board of Directors of the Company appointed Anthony C. Weagley
to
serve as acting President of each of the Company and the Bank while the Company
conducts a search for Mr. Davis’ replacement. Mr. Weagley will continue to serve
as Senior Vice President and Chief Financial Officer of the Company pursuant
to
the terms of Mr. Weagley’s current employment agreement with the Company, the
terms of which have been previously disclosed. Mr. Weagley will not receive
additional compensation in exchange for his service as acting President of
each
of the Company and the Bank. Mr. Weagley, age 45, has served as Senior Vice
President and Chief Financial Officer of the Company since 1996 and held various
other positions with the Company, including Vice President, Treasurer and
Cashier, from 1991 to 1996. Mr. Weagley served as Assistant Vice President
of
the Bank from 1991 to 1997.
A
copy of
the press release announcing the retirement of Mr. Davis as President and Chief
Executive Officer of each of the Company and the Bank, the appointment of Mr.
Davis as a director of the Company and the appointment of Mr. Weagley as acting
President of each of the Company and the Bank is being filed with this Current
Report on Form 8-K as Exhibit 99.1.
Item
9.01. Financial Statements and Exhibits.
Exhibit
99.1 - Press
release, dated August 23, 2007.
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.
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CENTER
BANCORP, INC. |
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By: |
/s/ Anthony
C. Weagley |
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Anthony
C. Weagley
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Acting
President, Senior
Vice
President and Chief
Financial
Officer
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Dated:
August 28, 2007
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