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
November 16, 2006
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Date of Report (Date of earliest event reported)
PARKE BANCORP, INC.
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(Exact name of Registrant as specified in its Charter)
New Jersey 333-122406 65-1241959
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification Number)
601 Delsea Drive, Washington Township, New Jersey 08080
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (856) 256-2500
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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:
|_| Written communications pursuant to Rule 425 under the Securities Act
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act
|_| Pre-commencement to communications pursuant to Rule 13e-4(c) under the
Exchange Act
PARKE BANCORP, INC.
INFORMATION TO BE INCLUDED IN REPORT
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SECTION 5 - CORPORATE GOVERNANCE AND MANAGEMENT
ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS.
Effective November 16, 2006, Mr. Ernest D. Huggard was no longer employed
as the Registrant's Senior Vice President and Chief Financial Officer. On that
same date, the Registrant appointed Robert Kuehl, age 58, as Senior Vice
President and Chief Financial Officer of the Registrant. In connection with his
appointment, Mr. Kuehl was awarded stock options covering 8,000 shares of the
Registrant's common stock under the Registrant's 2005 Stock Option Plan. Of the
8,000 stock options awarded to Mr. Kuehl, 1,600 vest immediately and the
remaining options vest in equal installments over the next four years.
Prior to accepting his position with the Registrant, Mr. Kuehl most
recently was an independent financial consultant who provided financial and
project consulting to small companies related to operational efficiency, review
of financial operations and reporting, forecasting and budget planning. Prior to
such time, Mr. Kuehl was Senior Vice President and Chief Financial Officer of
Western Ohio Corporation, a community bank holding company located in
Springfield, Ohio, and Chief Financial Officer of Superior Financial Corp., a
regional financial institution located in Little Rock, Arkansas. Mr. Kuehl was
also Executive Vice President and Chief Financial Officer of Main Street
Bancorp, a community bank holding company located in Reading, Pennsylvania, and
Senior Vice President and Controller of WSFS Financial Corporation, a savings
and loan holding company located in Wilmington, Delaware. Mr. Kuehl has also
held various other positions throughout his career similar to those set forth
above.
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, thereunto duly authorized.
PARKE BANCORP, INC.
Date: November 16, 2006 By: /s/ Vito S. Pantilione
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Vito S. Pantilione
President and Chief Executive Officer
(Duly Authorized Representative)