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): January 19, 2006
-----------------------
BROOKLINE BANCORP, INC.
-----------------------
(Exact name of registrant as specified in its charter)
Delaware 0-23695 04-3402944
------------------------------- -------------------------- -------------------
(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
160 Washington Street, Brookline, Massachusetts 02447-0469
----------------------------------------------- --------------
(Address of principal executive offices) (Zip Code)
(617) 730-3500
----------------------------------------------------
(Registrant's telephone number, including area code)
Not applicable
--------------
(Former name or former address, if changed since last report)
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))
Item 1.02. Termination of a Material Definitive Agreement
----------------------------------------------
The Board of Directors has undertaken its annual review of the employment
agreements with executive officers Richard P. Chapman, Jr. and Charles H. Peck,
and has determined not to extend them. In making this decision the Board noted
that Mr. Chapman and Mr. Peck are serving beyond their normal retirement dates
and that in planning for their eventual succession, the Board should enhance its
flexibility. By providing notice that their agreements will not be extended, the
termination date of the agreement is set to February 25, 2009. The Board
recognizes that as the maturity dates of the employment agreements approach, it
may be in the best interest of the company to negotiate new contracts for the
executive officers.
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, hereunto duly authorized.
BROOKLINE BANCORP, INC.
Date: January 23, 2006 By: /s/ Paul R. Bechet
----------------------
Paul R. Bechet
Senior Vice President and Chief Financial
Officer