UNITED
STATES
SECURITIES AND
EXCHANGE COMMISSION
WASHINGTON, DC
20549
FORM
8-K
CURRENT
REPORT
Pursuant to Section
13 or 15(d) of the Securities Exchange Act of 1934
January
11, 2017
(Date
of Report - Date of earliest event reported on)
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Vermont
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000-16435
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03-0284070
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(State
of Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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4811 US
Route 5, Derby, Vermont
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05829
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant's
Telephone Number: (802) 334-7915
Not Applicable
(Former
name, 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 (17CFR 203.425)
[ ]
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
(d) On
January 11, 2017, the Board of Directors of Community Bancorp. (the
“Company”) promoted President and Chief Operating
Officer Kathryn (Kathy) M. Austin, age 59, to the position of
President and Chief Executive Officer of Community Bancorp. and of
the Company’s wholly-owned subsidiary, Community National
Bank. In conjunction with her promotion, effective January 1, 2017,
Kathy’s annual base salary will increase from $214,000 to
$250,000. The promotion was announced in a press release dated
January 17, 2017, a copy of which is filed as Exhibit 99.1 to this
report, and is incorporated herein by reference.
Kathy
has worked at Community National Bank for over 36 years, most
recently as President and Chief Operating Officer of Community
Bancorp. and Community National Bank. She held the position of
Executive Vice President and Chief Operating Officer from January
2014 to January 2016 and from July 2012 to January 2014, she held
the position of Executive Vice President of Community Bancorp. and
Community National Bank. From January 2011 to July 2012 she held
the position of Executive Vice President in charge of Retail
Banking and prior to that, she was Senior Vice President of Retail
Banking since June 2004. In July, 2012, Kathy was unanimously
appointed to the Community National Bank Board of Directors by the
Boards of the Company and the Bank, and at the May, 2015 annual
shareholders meeting she was elected to a three year term on the
Company’s Board.
Kathy
is a graduate of both the New England School of Banking at Williams
College as well as the Stonier Graduate School of Banking. She is
also the recipient of the Outstanding Community Banker Award
presented by the Vermont Bankers Association. Kathy currently
serves as Board Chair of North Country Health Systems, as a Trustee
of Northwoods Stewardship Center and is a member of the Newport
Age-Friendly Advisory Council. Kathy and her husband Shawn reside
in Morgan.
Item 9.01 Financial Statements and Exhibits
(d)
Exhibits. The following exhibit is filed with this
report:
99.1
– Press release dated January 17, 2017, announcing the
promotion of Kathryn M. Austin to Chief Executive Officer of
Community National Bank and Community Bancorp.
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.
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COMMUNITY
BANCORP.
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DATED:
January 18, 2017
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/s/
Kathryn M.
Austin
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Kathryn
M. Austin,
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President
& Chief Executive Officer
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