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 23, 2007
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Tompkins Trustco, Inc.
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(Exact Name of Registrant as specified in Charter)
New York 1-12709 16-1482357
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
The Commons, PO Box 460, Ithaca, New York 14851
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (607) 273-3210
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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 (17CFR
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 (17CFR 240.13e-4(c))
Section 5 - Corporate Governance and Management
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) Compensation of Named Executive Officers:
On January 17, 2007, the Executive/Compensation/Personnel Committee
(the "Compensation Committee") of Tompkins Trustco, Inc. (the "Company")
completed its annual performance and compensation review of the Company's
executive officers and approved and recommended to the Board of Directors,
compensation for performance during fiscal 2006 and salary levels effective
January 2007. Attached as Exhibit 10.1 to this Current Report on Form 8-K, and
incorporated by reference herein, is a description of the compensation
arrangements that were approved by the Independent Directors at the January 23,
2007, meeting of the Company's Board of Directors for the Company's Named
Executive Officers (which officers were determined by reference to the Company's
proxy statement dated April 7, 2006).
Section 9 -- Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits .
Exhibit No. Description of Exhibit
10.1 Summary of Compensation Arrangements for Named Executive Officers
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.
TOMPKINS TRUSTCO, INC.
Date: January 26, 2007 By: /s/ STEPHEN S. ROMAINE
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Stephen S. Romaine
President and CEO