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) December 11, 2014

LNB BANCORP, INC.

(Exact name of registrant as specified in its charter)

Registrant’s telephone number, including area code: (440) 244-6000

(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):

On December 11, 2014, the Compensation Committee (the “Compensation Committee”) of the Board of Directors of LNB Bancorp, Inc. (the “Company”) approved the terms of the Company’s (i) 2015 CEO Incentive Plan (the “2015 CEO Incentive Plan”), (ii) 2015 Management Incentive Plan for Key Employees (the “2015 Management Incentive Plan”) and (iii) 2015 Indirect Lending Commission Compensation Plan for the Senior Vice President of Indirect Lending (the “2015 Indirect Lending Commission Plan”).

The 2015 CEO Incentive Plan provides the Company’s Chief Executive Officer with the opportunity to earn a bonus of up to 50% of the Chief Executive Officer’s base pay, half of which is based upon the Company’s achievement of threshold, target and maximum amounts of the specified profitability goal for 2015 and half of which is based upon the Compensation Committee’s subjective evaluation of the Chief Executive Officer’s performance in achieving specified goals in 2015. The plan provides that the amount of any payments to be paid to the Chief Executive Officer under the 2015 CEO Incentive Plan will be determined by the Compensation Committee, in its sole discretion.

The 2015 Management Incentive Plan provides eligible employees, including executive officers of the Company, with the opportunity to earn a bonus equal to a specified percentage of the employees’ base pay, based upon the Company’s achievement of threshold, target and maximum amounts of the specified profitability goal for 2015. The 2015 Indirect Lending Commission Plan provides the Senior Vice President of Indirect Lending with the opportunity to earn a commission equal to a specified percentage of his base pay, based upon his achievement of threshold, target and maximum amounts of indirect loan production for 2015. Under the terms of the respective plans, the amount of any payments to be paid to any executive officer of the Company under the 2015 Management Incentive Plan, or to the Senior Vice President of Indirect Lending under the 2015 Indirect Lending Commission Plan, will be determined by the Compensation Committee, in its sole discretion, and based on the recommendations of the CEO.

Copies of the form of the 2015 CEO Incentive Plan, the 2015 Management Incentive Plan and the 2015 Indirect Lending Commission Plan are included as Exhibit 10.1, Exhibit 10.2 and Exhibit 10.3, respectively, to this Current Report on Form 8-K, which are incorporated by reference into this Item 5.02, and the above summary is qualified in its entirety by reference to those Exhibits.

(d) Exhibits.

Exhibit Index