Pursuant to Section 13
or 15(d) of the
Securities Exchange Act
of 1934
Date of Report: February 8, 2006
(Exact name of
registrant as
specified in its
charter)
| Michigan (State or other jurisdiction of incorporation) |
0-7818 (Commission File Number) |
38-2032782 (IRS Employer Identification No.) |
| 230 West Main Street Ionia, Michigan (Address of principal executive office) |
48846 (Zip Code) |
Registrant’s
telephone number,
including area code:
(616) 527-9450
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 (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))
Compensation of Named Executive Officers
On February 4, 2006, the Compensation Committee (the “Committee”) of the Board of Directors of Independent Bank Corporation (the “Company”), approved the base salary of the Company’s CEO for 2006, effective January 1, 2006. All named executive officers are “at will” employees of the Company and serve at the pleasure of the Board of Directors. The following is the base salaries, effective January 1, 2006, for the following named executive officers:
| Name and Position | Base Salary ($) | ||
|---|---|---|---|
| Michael M. Magee | |||
| President and Chief Executive Officer | 310,000 | ||
| Robert N. Shuster | |||
| Chief Financial Officer | 215,000 | ||
| David C. Reglin | |||
| President & CEO | |||
| Independent Bank West Michigan | 215,000 | ||
| Edward B. Swanson | |||
| President & CEO | |||
| Independent Bank South Michigan | 212,000 | ||
| Ronald L. Long | |||
| President & CEO | |||
| Independent Bank East Michigan | 212,000 | ||
2
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.
| Date: February 8, 2006 | INDEPENDENT BANK CORPORATION (Registrant) By /s/ Robert N. Shuster Its Chief Financial Officer |