8-K 1 k48690e8vk.htm FORM 8-K e8vk
 
 
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 22, 2009 (December 18, 2009)
Princeton National Bancorp, Inc.
 
(Exact name of registrant as specified in its charter)
Delaware
 
(State or other jurisdiction of incorporation)
     
0-20050   36-3210283
     
(Commission File Number)   (IRS Employer Identification No.)
     
606 South Main Street
Princeton, Illinois
  61356
     
(Address of Principal Executive Offices)   (Zip Code)
Registrant’s telephone number, including area code (815) 875-4444
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:
o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 5.02   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
     On December 18, 2009, Princeton National Bancorp, Inc. (the “Company”) entered into a consulting agreement with Tony J. Sorcic, the Company’s current President and Chief Executive Officer, who has previously announced his retirement to be effective February 1, 2010. The consulting agreement is to be effective immediately upon his retirement and will continue for the six month period ending on July 31, 2010. Under the consulting agreement, the Company will pay Mr. Sorcic a consultant fee of $10,000 per month. The consulting agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01   Financial Statements and Exhibits.
  (d)   Exhibits:
  Exhibit 10.1    Tony J. Sorcic Consulting Agreement

 


 

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.
         
  PRINCETON NATIONAL BANCORP, INC.
(Registrant)
 
 
  By:   /s/ Todd D. Fanning    
    Todd D. Fanning, Executive Vice President
and Chief Financial Officer 
 
Dated: December 22, 2009

 


 

EXHIBIT INDEX
     
Number   Description
 
   
Exhibit 10.1
  Tony J. Sorcic Consulting Agreement