Americasbank Corp - Current report filing (8-K)
April 11 2008 - 4:19PM
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) April 9, 2008
AmericasBank Corp.
(Exact name of registrant as specified in its charter)
Maryland 000-22925 52-2090433
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(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
500 York Road, Towson, Maryland 21204
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(Address of principal executive offices) (Zip Code)
(410) 823-0500
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(Registrant's telephone number, including area code)
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Not Applicable
(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:
[ ] 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))
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF
CERTAIN OFFICERS
(b) On April 9, 2008, Mark D. Noar, M.D., Richard C. Faint, Jr.,
Nicholas J. Belitsos, M.D. and Graylin E. Smith advised the Board of
Directors that they will retire as directors of AmericasBank Corp.
and AmericasBank effective at AmericasBank Corp.'s Annual Meeting of
Stockholders on May 21, 2008.
(d) On April 9, 2008, Shivan Govindan was appointed by the Board of
Directors of AmericasBank Corp. and AmericasBank to serve on their
respective boards, effective immediately. Mr. Govindan is the
Managing Director of Resource Financial Institutions Group, Inc.
("RFIG"), Resource America, Inc.'s wholly owned general partner of a
series of private equity funds that invest in financial
institutions. He has served in this capacity since 2005. Mr.
Govindan is also currently Managing Director of Resource Financial
Fund Management, Inc., a position he has held since 2004. Since
2004, Mr. Govindan has also served as Managing Director and
Portfolio Manager of Trapeza Capital Management, LLC, which manages
trust preferred securities and other debt issued by financial
institutions. Prior to joining Resource America, from 2000 to 2004,
Mr. Govindan was Principal of Beehive Ventures, LLC, an early stage
private equity firm that invests in companies providing products and
services to the financial services industry. Mr. Govindan originated
investments, served on portfolio company boards and helped portfolio
companies raise funds. Prior to that, he served as Director of
Corporate Development for IQ Financial Systems, Inc., a DB Ventures
portfolio company that was sold to Misys. Mr. Govindan serves as
director of First NBC Bank and its holding company, First NBC Bank
Holding Company, where he also serves on the Audit and Merger and
Acquisition Committees. Mr. Govindan is also on the Board of
Managers of Prompt Payment, LLC, a specialty finance company in
Philadelphia, Pennsylvania. Mr. Govindan graduated with a B.A., cum
laude, from the University of Pennsylvania in 1995.
SIGNATURES
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.
Date: April 11, 2008 AmericasBank Corp.
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(Registrant)
By: /s/ A. Gary Rever
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A. Gary Rever
Executive Vice President and
Chief Financial Officer
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