8-K 1 primary.htm Prepared and Filed by Bowne

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):  June 19, 2007

  Cecil Bancorp, Inc.  

  (Exact name of registrant as specified in its charter)  

COMMISSION FILE NUMBER:  

  410-398-1650    


  (State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)  


   127 North Street

Elkton, Maryland 21921
 
 
 
 
  (Address and zip code of principal executive offices)  
     
  Maryland  
 
 
  (Registrant's telephone number, including area code)  

 

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))

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Item 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS
   

At its meeting of June 19, 2007, the Board of Directors of Cecil Bank, the principal banking subsidiary of Cecil Bancorp, Inc. (the “Company”), upon the recommendation of the Compensation Committee, increased the base compensation of Charles Sposato, Chairman, from $450,000 to $540,000 per year, and the base compensation of Mary B. Halsey, President and Chief Executive Officer, from $200,000 to $220,000 per year. The terms of employment of Ms. Halsey are governed by an Employment Agreement with Cecil Bank and the Company, which is described in Item 10 of the Company’s Annual Report on Form 10-KSB for the year ended December 31, 2006 and the Company’s definitive proxy statement for its 2007 Annual Meeting.

 

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.

Cecil Bancorp, Inc.
       
By: /s/ Mary B Halsey

Name: Mary B Halsey
Title: President and CEO
Date: June 22, 2007