-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QMuLAx2KTVAKiv9bSQYIROAaa54bymGEpv3AAan/l/qV55oJ0FB9U/i0YkxmRx1V E698Otr05n38XwIgFK0CWg== 0000914317-09-001837.txt : 20090909 0000914317-09-001837.hdr.sgml : 20090909 20090909165626 ACCESSION NUMBER: 0000914317-09-001837 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090908 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090909 DATE AS OF CHANGE: 20090909 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SALISBURY BANCORP INC CENTRAL INDEX KEY: 0001060219 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 061514263 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-24751 FILM NUMBER: 091060992 BUSINESS ADDRESS: STREET 1: 5 BISSELL ST CITY: LAKEVILLE STATE: CT ZIP: 06039-1868 BUSINESS PHONE: 8604359801 MAIL ADDRESS: STREET 1: 5 BISSELL ST CITY: LAKEVILLE STATE: CT ZIP: 06039-1868 8-K/A 1 form8ka-102678_sal.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 8, 2009 ------------------------------ SALISBURY BANCORP, INC. ------------------------------ (Exact name of registrant as specified in charter) Connecticut 000-24751 06-1514263 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 5 Bissell Street, Lakeville, Connecticut 06039-1868 - -------------------------------------------------------------------------------- (Address of principal executive offices) (zip code) Registrant's telephone number, including area code: (860) 435-9801 -------------- - -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K/A is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instructions A.2. below): [_] Written communications pursuant to Rule 425 under the Securities Act (17 C.F.R. 230.425) [_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 C.F.R. 240.14a-12) [_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 C.F.R. 240.14d-2(b)) [_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 C.F.R. 240.13e-4(c)) Form 8-K/A, Current Report Salisbury Bancorp, Inc. 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 September 8, 2009, Salisbury Bancorp, Inc. (the "Company") announced the appointment of Ian McMahon as Chief Financial Officer and Chief Accounting Officer of the Company and its subsidiary, Salisbury Bank and Trust Company (the "Bank"). Mr. McMahon, age 50, served as Senior Vice President, Financial Planning and Analysis from 2008 to 2009 and Senior Financial Consultant from 2006 to 2007 of Doral Financial Corporation and served as Executive Vice President, Chief Financial Officer and Treasurer of NewMil Bancorp, Inc. from 1992 to 2006. Richard J. Cantele, Jr., President and Chief Executive Officer of the Company and the Bank, had been serving as Interim Chief Financial Officer and Interim Chief Accounting Officer of the Company and the Bank since July 7, 2009 until the appointment of Mr. McMahon as Chief Financial Officer and Chief Accounting Officer. He continues to serve as President and Chief Executive Officer of the Company and the Bank. Section 8. Other Events Item 8.01. Other Events. - -------------------------- On September 9, 2009, the Company issued a press release related to the appointment of Ian McMahon as Chief Financial Officer of the Company and its subsidiary, Salisbury Bank and Trust Company. A copy of such press release is attached hereto as Exhibit 99.1. Section 9. Financial Statements and Exhibits --------------------------------- Item 9.01 Financial Statements and Exhibits. ---------------------------------- (a) Not Applicable. (b) Not Applicable. (c) Not Applicable. (d) Exhibits. --------- Exhibit 99.1 Press release dated September 9, 2009. 2 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 hereto duly authorized. Dated: September 9, 2009 SALISBURY BANCORP, INC. By: /s/ Richard J. Cantele, Jr. ----------------------------------- Richard J. Cantele, Jr. President & Chief Executive Officer 3 EX-99.1 2 ex99-1.txt Exhibit 99.1 [LOGO] NEWS RELEASE Contact: Richard J. Cantele, Jr., President and CEO Salisbury Bank and Trust Company 5 Bissell Street Lakeville, CT 06039 (860) 435-9801 rick@salisburybank.com FOR IMMEDIATE RELEASE IAN MCMAHON JOINS SALISBURY BANCORP, INC. AS CHIEF FINANCIAL OFFICER Lakeville, Connecticut, September 9, 2009/PRNewswire... Salisbury Bancorp, Inc. (NYSE AMEX:"SAL") (the "Company"), the holding company of Salisbury Bank and Trust Company (the "Bank"), announced that Ian McMahon has been appointed Chief Financial Officer of the Company and the Bank effective September 8, 2009. "We are very pleased to have Ian join our executive management team. Ian brings a proven track record of success in financial management, strategic planning, investment portfolio and treasury management," said Rick Cantele, President and Chief Executive Officer. "His expertise in community banking will help us maintain our reputation of financial excellence and fiscal responsibility to our shareholders." Most recently, Mr. McMahon served as Senior Vice President, Financial Planning and Analysis, with Doral Financial Corporation, a $10 billion diversified financial services company headquartered in Puerto Rico. Previously, he served as Executive Vice President, CFO and Treasurer for NewMil Bank, a $900 million full-service community bank with 20 banking offices that served Litchfield, Fairfield and New Haven Counties prior to its acquisition in 2006. In this position, Mr. McMahon was responsible for financial reporting oversight, interest rate risk management, liquidity and capital management, financial planning and performance measurement. Mr. McMahon is a graduate of University College, Dublin, Ireland, from which he also holds a Diploma in Professional Accounting. He is also a Chartered Accountant through the Institute of Chartered Accountants in Ireland. Salisbury Bancorp's sole subsidiary, Salisbury Bank and Trust Company, is a community bank. The Company has assets in excess of $500 million and has served the communities of northwestern Connecticut and the proximate communities in New York and Massachusetts for approximately 150 years. Salisbury Bank and Trust Company is headquartered in Lakeville, Connecticut and operates full service branches in Canaan, Salisbury and Sharon as well as Lakeville, Connecticut, South Egremont and Sheffield, Massachusetts and Dover Plains, New York. The Bank offers a full complement of consumer and business banking products and services as well as trust and wealth advisory services. Statements contained in this news release contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and expectations of management as well as the assumptions made using information currently available to management. Since these statements reflect the views of management concerning future events, these statements involve risks, uncertainties and assumptions, including among others: changes in market interest rates and general and regional economic conditions; changes in government regulations; changes in accounting principles; and the quality or composition of the loan and investment portfolios and other factors that may be described in the Company's quarterly reports on Form 10-Q and its annual report on Form 10-K, each filed with the Securities and Exchange Commission, which are available at the Securities and Exchange Commission's internet website (www.sec.gov) and to which reference is hereby made. Therefore, actual future results may differ significantly from results discussed in the forward looking statements. #### -----END PRIVACY-ENHANCED MESSAGE-----