SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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): January 27, 2010 (January 21, 2010)

 

Eagle Bancorp, Inc.

 (Exact name of registrant as specified in its charter)

 

Maryland

 

0-25923

 

52-2061461

(State or other jurisdiction

 

(Commission file number)

 

(IRS Employer

of incorporation)

 

 

 

Number)

 

7815 Woodmont Avenue, Bethesda, Maryland  20814

(Address of Principal Executive Offices) (Zip Code)

 

Registrant’s telephone number, including area code:  301.986.1800

 

Check the appropriate box below if the Form 8-K 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)

 

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o    Pre-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; Compensatory Arrangements of Certain Officers

 

(e)           On January 21, 2010, the Executive Compensation Committee of the Board of Directors of Eagle Bancorp, Inc. (the “Company”) authorized the award of shares of restricted stock under the Company’s 2006 Stock Plan, to the Company’s named executive officers and the Vice Chairman of the Board of Directors, as set forth in the table below.

 

Name

 

Title

 

Restricted
Stock Awarded

 

Martha Foulon-Tonat

 

EVP & Chief Lending Officer

 

8,073

 

James H. Langmead

 

EVP and CFO

 

5,576

 

Thomas D. Murphy

 

President – Retail Banking

 

6,823

 

Ronald D. Paul

 

President and CEO

 

16,908

 

Susan G. Riel

 

SEVP & COO - EagleBank

 

9,972

 

Robert P. Pincus

 

Vice Chairman

 

10,000

 

 

The shares of restricted stock vest, and are nontransferable, until all of the financial assistance received by the Company under the TARP Capital Purchase Program has been repaid, subject to a minimum restriction of two years from the date of grant. The awards to named executive officers reflect the payment, in “long-term restricted stock” as defined in the regulations promulgated by the Treasury Department under Section 111 of the Emergency Economic Stabilization Act of 2008, as amended, of amounts that would have been payable under the Company’s incentive bonus plan and equity awards for service rendered in 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 hereunto duly authorized.

 

 

 

EAGLE BANCORP, INC.

 

 

 

 

 

By:

/s/ Ronald D. Paul

 

 

Ronald D. Paul, President, Chief Executive Officer

 

 

Dated: January27, 2010

 

 

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