0001050441-23-000123.txt : 20230801 0001050441-23-000123.hdr.sgml : 20230801 20230731205619 ACCESSION NUMBER: 0001050441-23-000123 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20230731 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20230801 DATE AS OF CHANGE: 20230731 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EAGLE BANCORP INC CENTRAL INDEX KEY: 0001050441 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 522061461 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-25923 FILM NUMBER: 231129258 BUSINESS ADDRESS: STREET 1: 7830 OLD GEORGETOWN ROAD STREET 2: 3RD FLOOR CITY: BETHESDA STATE: MD ZIP: 20814 BUSINESS PHONE: 240-497-2075 MAIL ADDRESS: STREET 1: 7830 OLD GEORGETOWN ROAD STREET 2: 3RD FLOOR CITY: BETHESDA STATE: MD ZIP: 20814 8-K/A 1 gnw-20230731.htm 8-K/A gnw-20230731
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K/A
(Amendment No. 1)
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 31, 2023
 
EAGLE BANCORP, INC.
(Exact name of registrant as specified in its charter)
 
Maryland0-2592352-2061461
(State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.)
7830 Old Georgetown Road, Third Floor
Bethesda, Maryland 20814
(Address of Principal Executive Offices) (Zip Code)
(301) 986-1800
(Registrant's telephone number, including area code)

(Former name or former address, if changed since last report)
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.01 par valueEGBNThe Nasdaq Stock Market LLC
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:
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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company,indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Explanatory Note
This Amendment No. 1 to the Current Report on Form 8-K amends Item 5.02 of the Current Report on Form 8-K filed on July 31, 2023 (the "Original Form 8-K") solely to correct an error of Antonio F. Marquez's effective date of termination without cause. No other changes have been made to the Original Form 8-K.
Item 5.02.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On Monday, July 31, 2023, Eagle Bancorp, Inc. (the "Company") notified Antonio F. Marquez, Senior Executive Vice President and President of Commercial Banking, that his employment will terminate without cause, effective July 31, 2023, due to a position elimination. We do not intend to name a successor to Mr. Marquez.
In connection with his termination, Mr. Marquez will be entitled to severance benefits under his employment agreement and non-compete agreement payable upon a termination without cause as described under "Potential Payments Upon Termination or Change in Control" in the Company's 2023 Definitive Proxy Statement on Schedule 14A, dated April 5, 2023. These benefits consist of up to twelve months of healthcare continuation coverage at active employee rates, and cash severance equal to one times Mr. Marquez's annual base salary rate and most recent cash bonus. The Compensation Committee of the Board of Directors of the Company has also determined that the benefits to which Mr. Marquez will be entitled under his supplemental executive retirement plan agreement (at such times as provided in the agreement) will not be subject to reduction despite his cessation of service prior to age 67.
The payments and benefits described above are generally conditioned upon Mr. Marquez signing a release of claims and complying with his pre-existing restrictive covenants.
Ms. Riel, President and Chief Executive Officer of the Company, in an internal announcement said, "Tony has been an invaluable member of the EagleBank team and has significantly contributed to our success. We thank him for his years of service to EagleBank and wish him the all the best."
Item 9.01. Financial Statements and Exhibits.
 
(d) Exhibits.
 
Exhibit Number Description
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)





SIGNATURE
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.
   
  
Date: July 31, 2023By:/s/ Susan G. Riel        
  Susan G. Riel
  President and Chief Executive Officer

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