form8k3202008.htm
UNITED
STATES
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
Report (Date of earliest event reported): March 20, 2008
DIME
COMMUNITY BANCSHARES, INC.
(Exact
name of registrant as specified in its charter)
|
Delaware
|
|
0-27782
|
|
11-3297463
|
|
(State
or other jurisdiction of incorporation)
|
|
(Commission
File Number)
|
|
(IRS
Employer Identification
No.)
|
209
Havemeyer Street, Brooklyn, New York 11211
(Address
of principal executive offices, including zip code)
Registrant's
telephone number, including area
code: (718)
782-6200
None
(Former
name or former address, if changed since last report)
Item
1.01 Entry into a Material Definitive Agreement
On March
20, 2008, the Board of Directors of Dime Community Bancshares, Inc. (the
"Company") approved the following adjustment in remuneration paid to each of the
nine outside directors of the Company and its direct subsidiary, The Dime
Savings Bank of Williamsburgh (the "Bank"). This adjustment was based
upon the recommendations of a nationally recognized compensation consulting
firm, which the Company retains. The specific recommendations to the Company
were based on a comparative analysis of ten to fifteen comparably sized and
similarly located public banks.
|
Remuneration
Item
|
|
Previous
Level
|
|
Adjusted
Level
|
|
Combined
monthly meeting attendance fees for the Company and Bank
|
|
$1,000
|
|
$1,500
|
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.
DIME
COMMUNITY BANCSHARES, INC.
/s/
KENNETH J. MAHON
By: ___________________________________________
Kenneth
J. Mahon
First
Executive Vice President and Chief Financial Officer
Dated:
March 20, 2008