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): March 17,
2005
DIME
COMMUNITY BANCSHARES, INC.
(Exact
name of registrant as specified in its charter)
Delaware |
|
0-27782 |
|
11-3297463 |
|
(State
or other jurisdiction of incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer
Identification
No.) |
209
Havemeyer Street, Brooklyn, New York 11211
(Address
of principal executive offices, including zip code)
Registrant's
telephone number, including area code: (718)
782-6200
None
(Former
name or former address, if changed since last report)
Item
1.01 Entry into a Material Definitive Agreement
On March
17, 2005, the Board of Directors of Dime Community Bancshares, Inc. (the
"Company") approved the grant of stock options under the Dime Community
Bancshares, Inc. 2004 Stock Incentive Plan ("2004 Stock Incentive Plan") (filed
as Exhibit 10.21 to the Company's Annual Report on Form 10-K for the year ended
December 31, 2004) to the executive officers of the Company as set forth below,
subject to the terms of the 2004 Stock Incentive Plan and the stock option
agreement, the form of which is attached hereto as Exhibit 10.1 and is
incorporated herein by reference, provided
however, that for purposes of establishing the exercise price and exercise
period of the options, the stock options are deemed to have been granted not
prior to March 17, 2005 and not later than May 31, 2005
On March
17, 2005, the Board of Directors of the Company also approved the grant of
restricted stock awards under the 2004 Stock Incentive Plan to the executive
officers of the Company as set forth below, subject to the terms of the 2004
Stock Incentive Plan and the restricted stock award agreement, the form of which
is attached hereto as Exhibit 10.2 and is incorporated herein by
reference.
|
Name
and Title of Executive Officer |
|
Number
of Options Authorized for Grant |
|
Number
of Restricted
Stock
Award
Shares
Granted |
|
Vincent
F. Palagiano, Chairman of the Board
and
Chief Executive Officer |
|
142,580 |
|
14,193 |
| |
|
|
|
|
|
Michael
P. Devine, President
and
Chief Operating Officer |
|
90,537 |
|
9,032 |
| |
|
|
|
|
|
Kenneth
J. Mahon, Executive Vice President
and
Chief Financial Officer |
|
49,462 |
|
4,967 |
| |
|
|
|
|
|
Timothy
B. King, Senior Vice President
and
Chief Investment Officer |
|
19,569 |
|
1,935 |
| |
|
|
|
|
|
Michael
Pucella, Senior Vice President - Finance |
|
16,344 |
|
1,677 |
|
TOTALS |
|
318,492 |
|
31,804 |
Executive
officers subject to Section 16 of the Securities Exchange Act of 1934, as
amended, who have been granted restricted stock awards will file any reports
required by Section 16 after such grants become effective.
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.
DIME
COMMUNITY BANCSHARES, INC.
/s/
KENNETH J. MAHON
By:
___________________________________________
Kenneth
J. Mahon
Executive
Vice President and Chief Financial Officer
Dated:
March 22, 2005
Exhibit
Index
|
Exhibit
Number |
|
Description |
| |
|
|
|
10.1 |
|
Form
of stock option award agreement under the 2004 Stock Incentive
Plan |
| |
|
|
|
10.2 |
|
Form
of restricted stock award agreement under the 2004 Stock Incentive
Plan |