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CARDINAL FINANCIAL CORP FILES (8-K) Disclosing Results of Operations and Financial Condition, Change in Directors or Principal Officers, Other Events, Financial Statements and Exhibits

July 17, 2014

Item 2.02 Results of Operations and Financial Condition.



On July 16, 2014, Cardinal Financial Corporation (the "Company") issued a press release reporting its financial results for the period ended June 30, 2014. A copy of the press release is being furnished as an exhibit to this report and is incorporated by reference into this Item 2.02.

Item 5.02. Departure of Directors or Certain Officers;



Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 15, 2014, the Compensation Committee approved an amendment to the Executive Employment Agreement between the Company and Alice P. Frazier, Executive Vice President and Chief Operating Officer of the Company (as amended, the "Frazier Agreement") to eliminate a provision that would have required the term of the Frazier Agreement to terminate by no later than March 30, 2015.

The full text of the amendment to the Frazier Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

Item 8.01 Other Events. On July 16, 2014, the Board of Directors declared a cash dividend of $0.08 for each share of its common stock outstanding. The dividend is payable on August 15, 2014 to shareholders of record on July 31, 2014. Based on the current number of shares outstanding, the aggregate payment will be approximately $2,558,000. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Amendment of Executive Employment Agreement of Alice P. Frazier. 99.1 Press Release dated July 16, 2014. 2



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Source: Edgar Glimpses


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