- Current report filing (8-K)
September 14 2010 - 3:19PM
Edgar (US Regulatory)
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): September 14, 2010
Comm Bancorp, Inc.
(Exact name of registrant as specified in its charter)
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Pennsylvania
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0-17455
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23-2242292
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(State or other Jurisdiction of Incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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125 North State Street, Clarks Summit, PA
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18411
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s telephone number, including area code:
(570) 586-0377
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(Former name or former address if changed since last report.)
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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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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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))
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Item 1.01. Entry into a Material Definitive Agreement.
On September 9, 2010, the Registrant entered into an agreement and release with Joseph P. Moore, Jr., a director
emeritus of the Registrant and a deemed quasi-insider with respect to stock ownership reporting and short-swing profit
liability. Such agreement and release was with respect to several trades of the Registrant’s common stock made by Mr.
Moore within a 6-month period of time, i.e., a combination of nine sale transaction totaling 1,000 shares on September
10, 2009, at an average price of $32.68 per share and one sale transaction of 500 shares on September 11, 2009, at
$33.00 per share and a subsequent purchase of 2,000 shares on December 16, 2009, at $26.00 per share. Mr. Moore agreed
to disgorge to the Registrant $2,815.52, which is the difference between the sales transactions and the purchase
transaction. Reference is made to the agreement and release filed at Exhibit 99(i) to this Form 8-K and incorporated
herein by reference.
Item 9.01. Financial Statements and Exhibits
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(d) Exhibits:
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99(i)
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Short-Swing Profit Disgorgement Agreement and Release
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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.
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Comm Bancorp, Inc.
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(Registrant)
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Date: September 14, 2010
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By:
/s/ Scott A. Seasock
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Scott A. Seasock
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Executive Vice President
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and Chief Financial Officer
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(Principal Financial Officer)
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