FIRST COMMUNITY BANCSHARES, INC. (NASDAQ:FCBC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On February 28, 2017, the Board of Directors of First Community
Bancshares, Inc. (the Company) amended the First Community
Bancshares, Inc. and Affiliates Executive Retention Plan (the
SERP) to change the definition of Eligible Employee and clarify
language regarding the calculation of Years of Benefit Service.
The amendment is to be effective as of February 28, 2017.
Amendment #4 to the SERP is attached hereto as Exhibit 10.1 and
incorporated herein by reference.
On February 28, 2017, the Board of Directors of the Company also
amended the First Community Bancshares, Inc. Amended and Restated
Non-Qualified Supplemental Cash-Or-Deferred Retirement Plan (the
Wrap Plan) to correct certain non-substantive errors and add a
new article regarding forfeitures and vesting. The amendment is
to be effective as of February 23, 2017. Amendment #2 to the Wrap
Plan is attached hereto as Exhibit 10.2 and incorporated herein
by reference.
| Item9.01 | Financial Statements and Exhibits. |
| (d) | The following exhibit is included with this report: |
| Exhibit No. | Exhibit Description | |
| 10.1 |
Amendment #4 to the First Community Bancshares, Inc. and Affiliates Executive Retention Plan. |
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| 10.2 |
Amendment #2 to the First Community Bancshares, Inc. Amended and Restated Non-Qualified Supplemental Cash-Or-Deferred Retirement Plan. |
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About FIRST COMMUNITY BANCSHARES, INC. (NASDAQ:FCBC)
First Community Bancshares, Inc. is a financial holding company. The Company provides commercial banking products and services through its subsidiary First Community Bank (the Bank). The Company operates in the community banking segment. The Bank operates under the trade names First Community Bank in Virginia, West Virginia, and North Carolina and People’s Community Bank, a division of the bank, in Tennessee. The community banking segment consists of commercial and consumer banking, lending activities, wealth management and insurance services. The Company provides insurance services through its full-service insurance agency subsidiary Greenpoint Insurance Group, Inc. The Bank offers wealth management and investment advice through its subsidiary First Community Wealth Management and the Bank’s Trust Division. It serves a diverse customer base of individuals and businesses across various industries, such as manufacturing, construction, retail, healthcare, military and transportation. FIRST COMMUNITY BANCSHARES, INC. (NASDAQ:FCBC) Recent Trading Information
FIRST COMMUNITY BANCSHARES, INC. (NASDAQ:FCBC) closed its last trading session down -0.38 at 27.02 with 33,558 shares trading hands.