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
DATE OF THE REPORT (Date of Earliest Event Reported): February 19, 1998
REPUBLIC FIRST BANCORP, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
PENNSYLVANIA 0-17007 23-2486815
(STATE OR OTHER JURISDICTION (COMMISSION FILE (I.R.S. EMPLOYER
OF INCORPORATION) NUMBER) IDENTIFICATION NO.)
1608 WALNUT STREET, PHILADELPHIA PA 19103
(ADDRESS AND ZIP CODE OF PRINCIPAL EXECUTIVE OFFICES)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (215) 735-4422
(FORMER NAME OR FORMER ADDRESS, IF CHANGED FROM LAST REPORT)
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Item 5. Other Events.
On February 19, 1998 the Registrant announced a 20% stock dividend payable
to all holders of the Registrant=s common stock on the record date of March 2,
1998. The stock dividend will be distributed on March 27, 1998. The result for
shareholders of record on March 2, 1998 will be a 6 for 5 stock split.
In addition, on February 25, 1998, the Registrant and its President, Rolf
Stensrud, agreed to amend certain terms of Mr. Stensrud's employment contract,
including increasing the base salary under the Agreement for 1998, setting more
favorable bonus criteria for 1998, and establishing a new expiration date as of
December 31, 1998 to coincide with the fiscal year of the Bank.
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SIGNATURE
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.
REPUBLIC FIRST BANCORP, INC.
(Registrant)
Dated: March 6, 1998 By: /s/ GEORGE S. RAPP
George S. Rapp,
Executive Vice President and
Chief Financial Officer
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