BERKSHIRE HILLS BANCORP, INC. (NYSE:BHLB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
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(b)
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Effective December 15, 2016, Thomas R. Burton, Rodney C.
Dimock, Susan M. Hill and Barton D. Raser retired from the Boards of Directors of Berkshire Hills Bancorp, Inc. (the Company) and Berkshire Bank (the Bank), effective immediately. None of these resignations were the result of any disagreements between these individuals and the Company. |
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Item 5.03.
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Amendments to Articles of Incorporation or Bylaws; Change
in Fiscal Year. |
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(a)
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Effective December 15, 2016, the Board of Directors of
the Company adopted amendments to Article II, Section 1 of the Companys Bylaws such that the Directors, other than those who may be elected by the holders of any class or series of preferred stock, shall hold office for concurrent terms of office to expire at the next annual meeting of stockholders, with each Director to hold office until his or her successor shall have been duly elected and qualified. At each annual meeting of stockholders, all Directors elected to succeed those Directors whose terms then expire shall be elected for concurrent terms of office to expire at the next succeeding annual meeting of stockholders after their election, with each Director to hold office until his or her successor shall have been duly elected and qualified. |
reference to the full text of the Bylaws, a copy of which is
attached hereto as exhibit 3.2 and is incorporated herein by
reference.
discussing the changes to its Board of Directors and its Bylaws.
The full text of the news release is attached as Exhibit 99.1 to
this Form 8-K and is incorporated herein by reference.
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Item 9.01.
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Financial Statements and Exhibits
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(a)
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Financial Statements of Businesses Acquired. Not
applicable. |
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(b)
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Pro Forma Financial Information. Not applicable.
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(c)
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Shell Company Transactions. Not applicable.
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(d)
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Exhibits.
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Exhibit No.
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Description
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3.2
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Amended and Restated Bylaws of Berkshire Hills Bancorp,
Inc., effective as of December 15, 2016 |
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99.1
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News release dated December 16, 2016
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About BERKSHIRE HILLS BANCORP, INC. (NYSE:BHLB)
Berkshire Hills Bancorp, Inc. (Berkshire) is a holding company for Berkshire Bank (the Bank) and Berkshire Insurance Group. Berkshire offers a range of deposit, lending, insurance and wealth management products to retail, commercial, not-for-profit and municipal customers in its market areas. Berkshire product offerings also include retail and commercial electronic banking, commercial cash management and commercial interest rate swaps. The Bank’s loan portfolio consists of commercial loans, which include residential mortgages, commercial real estate, commercial and industrial loans, and consumer loans. The Bank’s securities available for sale include municipal bonds and obligations, mortgage-backed securities, other bonds and obligations, and marketable equity securities. As of December 5, 2016, the Bank had 99 full service branch offices in Massachusetts, New York, Connecticut, Vermont, New Jersey and Pennsylvania. BERKSHIRE HILLS BANCORP, INC. (NYSE:BHLB) Recent Trading Information
BERKSHIRE HILLS BANCORP, INC. (NYSE:BHLB) closed its last trading session up +0.30 at 36.70 with 215,883 shares trading hands.