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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) April 27, 2005
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SUSSEX BANCORP
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(Exact name of registrant as specified in its charter)
New Jersey 0-29030 22-3475473
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
399 Route 23
Franklin, New Jersey 07416
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (973) 827-2914
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Item 1.01. Entry Into a Material Definitive Agreement.
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On April 27, 2005, the shareholders of the Registrant approved the
Registrant's 2004 Equity Incentive Plan (the "Plan") which had been adopted by
the Registrant's Board of Directors on December 15, 2004. The Plan provides for
the grant of equity, in the form of restricted stock awards or stock option
grants, to the Registrant's employees, officers, directors, consultants and
advisors. Up to 200,000 shares of common stock (subject to adjustment in the
event of stock splits and other similar events) may be issued pursuant to awards
granted under the Plan.
Item 2.02. Results of Operations and Financial Condition.
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The information in this section, including the information contained in the
press release included as Exhibit 99.1 hereto, is being furnished pursuant to
this Item 2.02 and shall not deemed to be "filed" for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that Section. In addition, this information shall not be deemed
to be incorporated by reference into any of the Registrant's filings with the
Securities and Exchange Commission, except as shall be expressly set forth by
specific reference in any such filing.
On April 28, 2005, the Registrant issued a press release announcing (i) its
financial results for the first quarter ending March 31, 2005 and (ii) that its
Board of Directors declared a cash dividend of $0.07 per share, payable on May
31, 2005 to shareholders of record as of May 9, 2005. A copy of this press
release is included as Exhibit 99.1 hereto.
Item 8.01. Other Events.
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On April 28, 2005, the Registrant issued a press release announcing the
expansion of its stock buy back program to permit the Registrant to repurchase
up to 100,000 shares of its outstanding common stock via open market purchases
or privately negotiated transactions. Previously, its buy back program permitted
the Registrant to repurchase up to 50,000 shares. A copy of this press release
is included as Exhibit 99.2 hereto.
Item. 9.01 Financial Statements and Exhibits
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(c) Exhibits
10 Sussex Bancorp 2004 Equity Incentive Plan
99.1 Press Release dated April 28, 2005 regarding financial results for the
first quarter ending March 31, 2005 and announcing a declaration of a $0.07 per
share cash dividend to shareholders of record as of May 9, 2005.
99.2 Press Release dated April 28, 2005 regarding the expansion of the
Registrant's stock buy back program.
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SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, Sussex
Bancorp, has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SUSSEX BANCORP
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(Registrant)
Dated: April 28, 2005 By: /s/ Candace A. Leatham
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CANDACE A. LEATHAM
Executive Vice President and Treasurer
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EXHIBIT INDEX
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CURRENT REPORT ON FORM 8-K
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Exhibit No. Description Page No.
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10 2004 Equity Incentive Plan 5
99.1 Press release dated April 28, 2005 announcing the 15
Registrant's results for the first quarter of 2005 and
the Registrant's declaration of a $0.07 cash dividend
to shareholders of record as of May 9, 2005
99.2 Press release dated April 28, 2005 announcing the 16
expansion of the Registrant's stock buy back program
to permit its repurchase of up to 100,000 shares of its
outstanding common stock
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