CURRENT REPORT
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Item 5.02(d) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
On July 24, 2007 the Board of Directors of Flushing Financial Corporation (the "Company"), the parent company of Flushing Savings Bank, FSB (the "Bank") appointed Sang Ki "Sam" Han to the Company's Board of Directors, as well as to the Bank's Board of Directors, effective September 1, 2007. Mr. Han will receive the customary annual retainer, fees, and benefits for his service on the Boards of Directors. Mr. Han will also be eligible to participate in the Company's 2005 Omnibus Plan and the Bank's Outside Director Deferred Compensation Plan. A copy of the press release announcing Mr. Han's appointment to the Boards of Directors is attached as Exhibit 99.1 and incorporated herein by reference.
Prior to Mr. Han's appointment to the respective Boards, the Bank made loans to entities to which he and/or his wife are controlling shareholders. The loans were made in the ordinary course of business, were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans with persons not related to the Bank and did not involve more than the normal risk of collectibility or present other unfavorable features.
Item 9.01 Exhibits
99.1. Flushing Financial Corporation Press Release, dated July 30, 2007.
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.
FLUSHING FINANCIAL CORPORATION | ||
Date: July 30, 2007 | By: | /s/ Maria A. Grasso |
Maria A. Grasso | ||
Title: | Executive Vice President | |
and Chief Operating Officer |
Exhibit | ||
99.1 |
Flushing Financial Corporation Press Release, | |
dated July 30, 2007 |