-----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, GybpcSVysfRFmX9sDZdXa1ulbbf+spr80EIxUD5L0l16ECcxj1+AUrZI29q+eNno MPn+QizQKVVGqY3s9pYHbw== 0000020199-09-000031.txt : 20090828 0000020199-09-000031.hdr.sgml : 20090828 20090828141808 ACCESSION NUMBER: 0000020199-09-000031 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090827 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20090828 DATE AS OF CHANGE: 20090828 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHURCH LOANS & INVESTMENTS TRUST CENTRAL INDEX KEY: 0000020199 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 756030254 STATE OF INCORPORATION: TX FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-08117 FILM NUMBER: 091042772 BUSINESS ADDRESS: STREET 1: 5305 I-40 W CITY: AMARILLO STATE: TX ZIP: 79106 BUSINESS PHONE: 8063583666 MAIL ADDRESS: STREET 1: P O BOX 8203 CITY: AMARILLO STATE: TX ZIP: 79106 8-K 1 ceoseveranceagreement_8k.htm ITEM 5.02 Item 5.02


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: August 27, 2009

 

Commission File No. 0-8117

 

____________

 

CHURCH LOANS & INVESTMENTS TRUST

®

 

(Exact name of registrant as specified in its charter)

 

 

Texas

 

75-6030254

(State or other jurisdiction of
incorporation or organization)

 

(IRS Employer
Identification No.)

 

 

 

5305 W Interstate 40, Amarillo, Texas

 

79106-4759

(Address of principal executive office)

 

(Zip Code)

 

 

 

(806) 358-3666

(Issuer’s telephone number including area code)

 

____________

 





 



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


On August 25, 2009, Kelly Archer and the Trust entered into a Release and Severance Agreement pursuant to which Mr. Archer resigned as the Principal Executive Officer and President of the Trust effective as of August 3, 2009.  Pursuant to the terms of the Severance Agreement, the Trust will pay to Mr. Archer monthly severance payments of $12,000 per month through January 15, 2010.  The Severance Agreement contains other terms and conditions normally found in such agreements.


As reported in its Form 8-K filed on August 7, 2009, Bill R. McMorries is serving as the acting, Interim Principal Executive Officer and President of the Trust.  



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.


 

CHURCH LOANS & INVESTMENTS TRUST

 

 

 

Date: August 27, 2009

By:

/s/ B. R. McMorries, Chairman

 

 

Board of Trust Managers







 -----END PRIVACY-ENHANCED MESSAGE-----