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EX-99.1 - EX-99.1 - BANK MUTUAL CORP | c59500exv99w1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
August 2, 2010
(Date of Report/Date of earliest event reported)
(Date of Report/Date of earliest event reported)
BANK MUTUAL CORPORATION
(Exact name of registrant as specified in its charter)
WISCONSIN | 000-31207 | 39-2004336 | ||
(State or other | (Commission File | (IRS Employer | ||
jurisdiction of incorporation) |
Number) | Identification No.) |
4949 West Brown Deer Road
Milwaukee, Wisconsin 53223
(Address and zip code of principal executive offices)
Milwaukee, Wisconsin 53223
(Address and zip code of principal executive offices)
(414) 354-1500
(Registrants telephone number, including area code)
(Registrants telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
(Former name or former address, if changed since last report)
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:
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.
On August 2, 2010, the board of directors of Bank Mutual Corporation (the
Company) appointed David A. Baumgarten as President of the Company, effective
immediately. Michael Crowley, Jr. will remain as Chairman and Chief Executive Officer
of the Company (although relinquishing the title of President). Mr. Crowley also
remains the Chairman and Chief Executive Officer of Bank Mutual, the Companys
wholly-owned subsidiary (the Bank), and Mr. Baumgarten remains the Banks President.
The Companys board of directors also elected Mr. Baumgarten to serve, effective
immediately, on the Companys board of directors, until the 2011 annual meeting of
shareholders and his successor is duly elected. Mr. Baumgarten was elected to fill a
vacancy created on the board as a result of the board action to increase the number of
directors from nine to ten. Mr. Baumgarten was chosen to serve on the board in view
of his appointment as President of the Company, his position as President of the Bank
and his prior experience and expertise for many years in the financial institutions
industry.
As previously announced in the Current Report on Form 8-K dated April 5, 2010,
which is incorporated herein by reference, Mr. Baumgarten was appointed President and
elected as a director of the Bank in April 2010. Mr. Baumgarten entered into an
employment agreement with the Bank at that time. Mr. Baumgartens appointment as
President and election to the board of directors of the Company will not affect the
terms of his employment agreement, which remains in effect. Mr. Baumgarten will not
receive an annual retainer for service as a member of the board of directors of the
Company, but will receive meeting attendance fees, in accordance with the Companys
director compensation policies.
For additional information about Mr. Baumgarten, including his background and
prior experience, and the employment agreement between him and the Bank, see the
Current Report on Form 8-K of the Company dated April 5, 2010, which is incorporated
herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Filed | ||||
Exhibit No. | Description | Herewith | ||
99.1
|
Press Release of Bank Mutual Corporation dated August 3, 2010 | X |
* * * * *
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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.
Date: August 3, 2010 |
BANK MUTUAL CORPORATION (Registrant) |
|||
By: | /s/ Michael T. Crowley, Jr. | |||
Michael T. Crowley, Jr. | ||||
Chairman and Chief Executive Officer |
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