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): September 8, 2009
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SALISBURY BANCORP, INC.
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(Exact name of registrant as specified in charter)
Connecticut 000-24751 06-1514263
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(State or other jurisdiction of incorporation) (Commission File Number) (IRS
Employer Identification No.)
5 Bissell Street, Lakeville, Connecticut 06039-1868
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (860) 435-9801
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligations of the registrant under any of the following
provisions (see General Instructions A.2. below):
[_] Written communications pursuant to Rule 425 under the Securities Act (17
C.F.R. 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
C.F.R. 240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 C.F.R. 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 C.F.R. 240.13e-4(c))
Form 8-K, Current Report
Salisbury Bancorp, Inc.
Section 5. Corporate Governance and Management
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
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Appointment of Certain Officers; Compensatory Arrangements of Certain
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Officers.
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On September 8, 2009, Salisbury Bancorp, Inc. (the "Company") announced
the appointment of Ian McMahon as Chief Financial Officer and Chief Accounting
Officer of the Company and its subsidiary, Salisbury Bank and Trust Company (the
"Bank"). Mr. McMahon, age 50, served as Senior Vice President, Financial
Planning and Analysis from 2008 to 2009 and Senior Financial Consultant from
2006 to 2007 of Doral Financial Corporation and served as Executive Vice
President, Chief Financial Officer and Treasurer of NewMil Bancorp, Inc. from
1992 to 2006.
Richard J. Cantele, Jr., President and Chief Executive Officer of the
Company and the Bank, had been serving as Interim Chief Financial Officer and
Interim Chief Accounting Officer of the Company and the Bank since July 7, 2009
until the appointment of Mr. McMahon as Chief Financial Officer and Chief
Accounting Officer. He continues to serve as President and Chief Executive
Officer of the Company and the Bank.
Section 8. Other Events
Item 8.01. Other Events.
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On September 9, 2009, the Company issued a press release related to the
appointment of Ian McMahon as Chief Financial Officer of the Company and its
subsidiary, Salisbury Bank and Trust Company. A copy of such press release is
attached hereto as Exhibit 99.1.
Section 9. Financial Statements and Exhibits
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Item 9.01 Financial Statements and Exhibits.
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(a) Not Applicable.
(b) Not Applicable.
(c) Not Applicable.
(d) Exhibits.
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Exhibit 99.1 Press release dated September 9, 2009.
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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 hereto duly authorized.
Dated: September 9, 2009 SALISBURY BANCORP, INC.
By: /s/ Richard J. Cantele, Jr.
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Richard J. Cantele, Jr.
President & Chief Executive Officer
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