- Current report filing (8-K)
22 January 2010 - 2:25AM
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): January 20, 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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Registrants 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 January 19, 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 two trades for 2,000 shares of the Registrants common stock
made by Mr. Moore within a 6-month period of time, i.e., a sale on June 23, 2009, at $37.25 per share and a purchase on
December 16, 2009, at $26.00 per share. Mr. Moore agreed to disgorge to the Registrant the difference in the highest
and lowest prices per share for the 2,000 shares of the Registrants common stock and to also pay 6.0 percent simple
interest on such amount until the time of payment. The total amount paid by Mr. Moore was $22,629.45. 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.
Comm Bancorp, Inc.
(Registrant)
Date: January 20, 2010
By:
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s/ Scott A. Seasock
Scott A. Seasock
Executive Vice President
and Chief Financial Officer
(Principal Financial Officer)
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