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EX-99.1 - EX-99.1 - Carroll Bancorp, Inc.d808581dex991.htm

 

 

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): October 20, 2014

 

 

CARROLL BANCORP, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Maryland   000-54422   27-5463184

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

1321 Liberty Road

Sykesville, Maryland

  21784
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (410) 795-1900

Not Applicable

(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 (see General Instruction A.2. below):

 

¨ 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))

 

 

 


Section 5-Corporate Governance and Management

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 20, 2014 the Board of Directors of Carroll Bancorp, Inc. (the “Company”) and its wholly owned subsidiary, Carroll Community Bank, appointed Thomas L. Burke as a member of the Board of Directors of the Company and Carroll Community Bank effective immediately. Mr. Burke will be a member of the Asset Liability Committee of Carroll Community Bank, and will receive the same compensation as currently paid to our other Board members – a $10,000 annual retainer, $600 for each board meeting attended, and $200 per meeting of the Asset Liability Committee if attended in person or $100 if attended telephonically. The Board of Directors did not appoint Mr. Burke pursuant to any arrangements between Mr. Burke and the Company, Carroll Community Bank or any other person. There are no significant transactions between Mr. Burke and the Company or Carroll Community Bank.

The press release announcing Mr. Burke’s appointment is attached as exhibit 99.1 hereto.

Section 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is filed herewith:

 

99.1    Press Release dated October 23, 2014


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: October 23, 2014    

CARROLL BANCORP, INC.

 

/s/ Michael J. Gallina

    Michael J. Gallina, Chief Financial Officer