SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 19, 2012
WASHINGTONFIRST BANKSHARES, INC.
(Exact name of registrant as specified in its charter)
11921 Freedom Drive, Suite #250 Reston, Virginia 20190
(Address of principal executive offices, including zip code)
Registrants telephone number, including area code: (703) 840-2410
(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:
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
C.E. Andrews was elected a director of WashingtonFirst Bankshares, Inc. (the Company) at the regular meeting of the board of directors on November 19, 2012 to fill an existing vacancy on the board. Mr. Andrews will serve on the Audit Committee. Pursuant to the Companys articles of incorporation and Virginia law, Mr. Andrews will stand for re-election at the Companys 2013 Annual Meeting of Stockholders.
In connection with his election and consistent with the Companys standard compensation arrangements for non-employee directors, Mr. Andrews will receive an annual retainer of $1,500 plus unrestricted stock awards of 600 shares of the Companys common stock and will receive a fee of $100 for each special meeting of the board and each meeting attended in excess of ten meetings during the year and $100 for each committee meeting attended in person.
Mr. Andrews, age 60, most recently served as the President and Chief Operator of RSM McGladrey Inc., a subsidiary of H&R Block, Inc. He previously held positions with SLM Corporation and Arthur Andersen.
The Company issued a news release announcing the appointment of Mr. Andrews on November 26, 2012. A copy of the news release is included as Exhibit 99.1 to this report and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
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.