o
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
o |
Soliciting
material pursuant to Rule 14a12 under the Exchange Act (17 CFR
240.14a-12)
|
o |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
o |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
Item
5.02
|
Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
|
(1)
|
On
October 23, 2008, acting pursuant to an affirmative vote at a meeting of
the Board of Directors of Unity Bancorp, Inc. (the “Company”), Mr. Raj
Patel was appointed to serve as a director of the Company. Mr.
Patel is the President and CEO of Raja Group; President and CEO of
Millenium Hospitality; Founder and Board Member of Rainbow Investment
Group; and Founder of Rainbow Distribution
Group.
|
(2)
|
There
are no arrangements or understandings between Mr. Patel and any other
persons pursuant to which Mr. Patel was selected as a
director.
|
(3)
|
Mr.
Patel has not been appointed to any committees of the Board of Directors
and is not expected to be named to any such committees; provided, however,
that Mr. Patel will continue to serve upon certain committees of our
wholly-owned subsidiary, Unity
Bank.
|
(4)
|
There
are no “related party transactions” between Mr. Patel and the Bank which
require disclosure.
|
(5)
|
There
are no material plans, contracts or other arrangements (or amendments
thereto) to which Mr. Patel is a party, or in which he participates, that
was entered into or amended, in connection with Mr. Patel being appointed
as a director of the Company. However, Mr. Patel shall continue
to be eligible for compensatory arrangements with the Company’s
wholly-owned subsidiary Unity Bank, for services rendered both in the
past, present and the
future.
|
UNITY BANCORP, INC.
|
|||||
Date:
October 28, 2008
|
By:
|
/s/Alan J. Bedner,
Jr. .
Alan J. Bedner, Jr.
EVP and Chief Financial Officer
|
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