-----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, EnvWU2/DP90Q1AQiqz6Cxuek61bYJPJ3YUnMmAQOcYOY9p8USKvoRjJUweTde+xe s9Jdh//okerR1ulO9LNKkw== 0000950159-04-001041.txt : 20041130 0000950159-04-001041.hdr.sgml : 20041130 20041130160150 ACCESSION NUMBER: 0000950159-04-001041 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041124 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041130 DATE AS OF CHANGE: 20041130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL PENN BANCSHARES INC CENTRAL INDEX KEY: 0000700733 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 232215075 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22537-01 FILM NUMBER: 041174718 BUSINESS ADDRESS: STREET 1: PHILADELPHIA AND READING AVE STREET 2: PO 547 CITY: BOYERTOWN STATE: PA ZIP: 19512 BUSINESS PHONE: 1-800-822-3321 MAIL ADDRESS: STREET 1: READING AND PHILADELPHIA AVES STREET 2: P. O. BOX 547 CITY: BOYERTOWN STATE: PA ZIP: 19512 8-K 1 npb8k.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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) November 24, 2004 ----------------- NATIONAL PENN BANCSHARES, INC. ---------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) Pennsylvania ------------------------------------------------ (State or Other Jurisdiction of Incorporation) 000-22537-01 23-2215075 ----------------------------------------------------------------- (Commission File Number) (I.R.S. Employer Identification No.) Philadelphia and Reading Avenues, Boyertown, PA 19512 ----------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) 610-367-6001 --------------------------------------------------- Registrant's Telephone Number, Including Area Code N/A ----------------------------------------------------------------- (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 communication 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)) Item 1.01 Entry into a Material Definitive Agreement. - ----------------------------------------------------- On November 24, 2004, the Board of Directors of National Penn Bancshares, Inc. approved, effective January 1, 2005, cash directors' fees for non-employee directors of National Penn and its subsidiaries. A schedule of these fees is included in this Report as Exhibit 10.1. Under National Penn's Directors' Fee Plan, which was approved by shareholders in 1997, an individual may, in lieu of cash payment of directors' fees, elect to receive such fees currently in National Penn common stock or on a deferred basis in either National Penn common stock or cash with interest. Item 9.01 Financial Statements and Exhibits. - -------------------------------------------- (c) Exhibits. 10.1 Non-Employee Directors - Cash Directors' Fees - 2005. 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. NATIONAL PENN BANCSHARES, INC. By /s/Wayne R. Weidner ---------------------- Name: Wayne R. Weidner Title: Chairman and CEO Dated: November 30, 2004 EXHIBIT INDEX ------------- Exhibit Number Description - -------------- ----------- 10.1 Non-Employee Directors - Cash Directors' Fees - 2005. EX-10 2 exhibit10-1.txt EXHIBIT 10.1 EXHIBIT 10.1 NATIONAL PENN BANCSHARES, INC. AND SUBSIDIARIES NON-EMPLOYEE DIRECTORS - CASH DIRECTORS' FEES - 2005 Retainers - --------- Chair - Audit $15,000 Chair - Compensation 12,500 Chair - Nomin/Corp Gov 12,500 Chair - Executive (if other than Management 10,000 Director) All other non-management directors 10,000 NPBC Audit Committee Fees - ------------------------- a. Per Meeting Attended (including Chair) 750 b. Phone Meeting 375 c. Chairperson phone meeting w/accountants 250 NPBC Compensation Committee Fees - -------------------------------- a. Per Meeting Attended (including Chair) 500 b. Phone Meeting 250 c. Chairperson meeting w/consultant n/a NPBC Nomin/Corp Gov Committee Fees - ---------------------------------- a. Per Meeting Attended (including Chair) 500 b. Phone Meeting 250 c. Per Meeting Attended (including Chair) n/a National Penn Bank - ------------------ a. Board of Directors 3,000 b. Loan Committee 350 Subsidiary Board Fees - --------------------- a. Wealth Management 500 Chairman 750 Retainer for all non NPBC Board Members 1,000 b. Nat'l Penn Mortgage 500 Chairman 750 Retainer for all non NPBC Board Members 1,000 c. Nat'l Penn Leasing 500 Retainer for all non NPBC Board Members 1,000 Advisory Board Per Meeting Fees 250 - ------------------------------- (not governed by acquisition agreements) -----END PRIVACY-ENHANCED MESSAGE-----