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
May 21, 1996
(Date of earliest event reported)
NEW ENGLAND COMMUNITY BANCORP, INC.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
0-14550 06-1116165
(Commission File Number) (IRS Employer Identification No.)
POST OFFICE BOX 130, OLD WINDSOR MALL, WINDSOR, CONNECTICUT 06095
(Address of principal executive offices)
(860) 688-5251
(Registrant's telephone number, including area code)
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Form 8-K, Current Report
New England Community Bancorp, Inc.
Commission File No. 0-14550
Item 5. Other Events.
a.) Annual Meeting of Shareholders
The Annual Meeting of Shareholders of New England Community
Bancorp, Inc. was held on Tuesday, May 21, 1996. Shareholders voted on and
approved each of the following proposals:
1. To elect the following twelve (12) individuals to the
Company's Board of Directors until the next Annual Meeting and the election and
qualification of their successors:
Number of Number of Shares
Individual Shares For Withholding Authority
Tadeus J. Buczkowski 2,149,131 10,615
John C. Carmon 2,136,133 23,613
John A. Coccomo, Sr. 2,147,887 11,859
George A. Colli, Jr. 2,134,789 24,957
Gary J. DeNino 2,147,755 11,991
Frank A. Falvo 2,147,644 12,102
Dominic J. Ferraina 2,149,131 10,615
Charles D. Gersten 2,149,131 10,615
John R. Harvey 2,149,231 10,515
David A. Lentini 2,149,123 10,623
Angelina J. McGillivray 2,147,987 11,759
Edward J. Szewczyk 2,149,131 10,615
2. To ratify the resolution adopted by the Board of Directors
appointing the independent public accounting firm of Shatswell, MacLeod &
Company, P.C. as independent auditors of the Company for the fiscal year ending
December 31, 1996.
For Approval Against Approval Abstain
2,139,988 5,112 14,646
3. To approve the 1996 Incentive and Nonqualified Compensatory
Stock Option Plan (the "Stock Option Plan") which permits stock options to be
granted from the Stock Option Plan for a term of up to ten (10) years until
January 31, 2006. The Board of Directors of the Company believes that stock
ownership by key managerial employees enables the Company to attract and retain
such employees. Accordingly, the purpose of the Stock Option Plan is to
stimulate key employees of the Company and its subsidiaries, who are in a
position to materially contribute to the long-term success of the Company, by
allowing such individuals to acquire or increase their proprietary interest in
the Company. Options for up to an aggregate of 750,000 shares of NECB's Common
Stock may be issued under the Stock Option Plan. On January 31, 1996, subject to
shareholder approval, the commitee (as defined in the Stock Option Plan) granted
aggregate options to acquire 140,000 shares among five (5) key employees.
For Approval Against Approval Abstain Non-Votes
1,547,912 123,323 28,070 460,441
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New England Community Bancorp, Inc.
Date: May 24, 1996 By: s/s Anson C. Hall
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Anson C. Hall
Vice President and Treasurer
(principal financial officer)
