form8k1052009.htm
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): September 30,
2009
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CITIZENS
COMMUNITY BANCORP, INC.
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(Exact
name of registrant as specified in its
charter)
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Wisconsin
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(State
or other jurisdiction of
incorporation)
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001-33003
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20-5120010
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(Commission
File Number)
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(I.R.S.
Employer I.D. Number)
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2174
EastRidge Center, Eau Claire, Wisconsin
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54701
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(Address
of Principal Executive Offices)
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(Zip
Code)
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715-836-9994 |
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(Registrant's
telephone number, including area
code)
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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):
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR230.425) |
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Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12) |
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b)) |
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c)) |
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.
Effective
as of September 30, 2009 (the "Effective Date"), the Board of Directors (the
"Board") of Citizens Community Bancorp, Inc. (the "Company") removed James G.
Cooley, as President and Chief Executive Officer of the Company. The
Board also took action to terminate Mr. Cooley's employment with all of the
Company’s subsidiaries, including Citizens Community Federal (the "Bank"), and
to remove him from all officer and director positions with such subsidiaries as
of the Effective Date. At this time, Mr. Cooley will remain a member
of the Board of the Company.
Effective
as of the Effective Date, the Board appointed Timothy J. Cruciani, previously
the Company’s Executive Vice President, as the new President of the Company and
the Bank. Mr. Cruciani joined the Bank in 1989. Information regarding
Mr. Cruciani's age, business experience, employment history and related matters
are included in the Company's definitive proxy statement for the annual meeting
of shareholders held on February 26, 2009, which was filed with the Securities
and Exchange Commission on January 20, 2009.
Additionally,
effective October 1, 2009, Edward H. Schaefer of Eau Claire, WI, has been
appointed to the Citizens Community Federal Board of Directors to serve on the
bank's board until until his successor is duly elected and qualified or until
his prior death, resignation or removal. Mr. Schaefer, age 47, was
with Silver Spring Foods/Huntsinger Farms from 2000-2009, the last eight years
serving as its President/CEO. For the twelve years prior to Silver
Spring Foods/Huntsinger Farms, Mr. Schaefer held positions of Vice-President and
President of various Norwest Bank entities, most recently as President of
Norwest Bank/Wells Fargo, in Eau Claire, Wisconsin.
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.
CITIZENS
COMMUNITY BANCORP, INC.
Date: October
5, 2009
BY /s/ John
Zettler
John
Zettler, Chief Financial Officer