Unassociated Document
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
1934
December
23, 2010
(Date of report/date of earliest event
reported)
CONSUMERS BANCORP,
INC.
(Exact name of registrant as specified
in its charter)
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OHIO
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033-79130
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34-1771400
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(State or other
jurisdiction
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(Commission File
Number)
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(I.R.S. Employer Identification
No.)
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of incorporation or
organization)
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614 East Lincoln Way
P.O. Box 256
Minerva, Ohio 44657
(Address of principal executive
offices)
(330) 868-7701
(Issuer’s telephone
number)
N/A
(Former name of former address, if
changes 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):
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o
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Written communications pursuant to
Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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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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o
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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 Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.
On
December 23, 2010, the Board of Directors of Consumers Bancorp, Inc. (the
“Company”) approved the appointment of Bradley Goris as a Class II director,
effective January 1, 2011. Mr. Goris was also appointed a director of the
Company’s wholly owned subsidiary, Consumers National Bank (the “Bank”),
effective January 1, 2011.
Mr. Goris
was appointed to serve on the Compensation and Corporate Governance/Nominating
Committees. He will be entitled to the customary compensation arrangements for
the Bank’s non-employee directors, consisting of an annual base retainer of
$2,000 prorated in the first fiscal year based on time of service, $800 for each
Board meeting attended and $100 for each Compensation and Corporate
Governance/Nominating Committee meeting attended. In addition, Mr. Goris will be
eligible to a prorated portion of the $10,000 incentive pool that has been
established for payment to all non-employee directors based on certain Company
performance targets.
There are
no arrangements or understandings between Mr. Goris and any other person
pursuant to which Mr. Goris was appointed to serve on Consumers Bancorp, Inc. or
Consumers National Bank Boards. Mr. Goris has no direct or indirect material
interest in any transaction required to be disclosed pursuant to Item 404(a) of
Regulation S-K.
Item 9.01
Financial Statements and Exhibits
c.
Exhibit 99.1 Press Release dated December 23, 2010.
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.
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Consumers Bancorp,
Inc. |
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Date:
December 23, 2010
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By:
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/s/
Ralph J. Lober, II |
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Ralph
J. Lober, II President and Chief |
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Executive
Officer |
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