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): November 8, 2007
GREENE COUNTY BANCORP, INC.
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(Exact Name of Registrant as Specified in its Charter)
Federal 0-25165 14-1809721
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(State or Other Jurisdiction (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
302 Main Street, Catskill NY 12414
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (518) 943-2600
Not Applicable
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(Former name or former address, if changed since last report)
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 (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On November 8, 2007, Greene County Bancorp, Inc. (the "Company"), the
holding company for The Bank of Greene County (the "Bank"), announced that Mr.
Bruce P. Egger, its Senior Vice President and Secretary, will be retiring from
those positions at the Company and the Bank on December 31, 2007. Mr. Egger has
been affiliated with the Bank in various capacities since 1977.
In connection with his retirement, Mr. Egger entered into an Agreement and
General Release with the Bank, filed as Exhibit 10 hereto. Pursuant to the
agreement, the Bank will pay Mr. Egger $75,000 in thirty equal monthly
installments, and will cash out 12,000 options previously granted to Mr. Egger.
Item 9.01. Financial Statements and Exhibits.
(a) Not Applicable.
(b) Not Applicable.
(c) Not Applicable.
(d) Exhibits:
Exhibit No. Description
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10 Agreement and General Release
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SIGNATURES
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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.
GREENE COUNTY BANCORP, INC.
DATE: November 13, 2007 By: /s/ Donald Gibson
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Donald Gibson
President and Chief Executive Officer
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