R&G Financial Corp - Current report filing (8-K)
09 Juillet 2008 - 11:09PM
Edgar (US Regulatory)
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): July 9 (July 2, 2008)
R&G Financial Corporation
(Exact name of registrant as specified in its
charter)
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Puerto Rico
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001-31381
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66-0532217
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(I.R.S. Employer
Identification No.)
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290 Jesús T. Piñero Ave.
Hato Rey, San Juan, Puerto Rico 00918
(Address of principal executive offices and zip code)
(787) 758-2424
(Registrants 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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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(b) On July 2, 2008, Andrés I. Pérez resigned as Chief Financial Officer of R&G Financial Corporation (the Company) effective
August 1, 2008.
(c) On July 9, 2008, the Board of Directors appointed Ms. Melba Acosta, age 42, to act as interim Chief Financial Officer
effective August 2, 2008, while the Company undertakes a search for a new CFO. Ms. Acostas appointment is subject to regulatory approval. Ms. Acosta will assume the duties of Chief Financial Officer in addition to her current duties
as Executive Vice PresidentCorporate Risk Management. Ms. Acosta has served as the Companys Executive Vice PresidentCorporate Risk Management since 2006 and as Senior Vice PresidentChief Administrative Officer of the
Company from 2004 to 2005. Prior to joining the Company, Ms. Acosta served from 2001 to 2004 as Executive Director and Chief Information Officer at the Office of Management and Budget of the Commonwealth of Puerto Rico, where she was
responsible for the preparation of the annual budget for the Commonwealth and the financial supervision of the agencies in the Executive Branch of the Puerto Rico Government. Ms. Acosta, a Certified Public Accountant, is a graduate of the
University of Puerto Rico where she obtained a Bachelors degree in Business Administration and a Juris Doctor degree. She obtained a Masters degree in Business Administration from the Harvard Graduate School of Business.
The Board of Directors has not yet determined what compensation will be paid to Ms. Acosta for assuming the additional duties of Chief Financial Officer. The
Company will file an amendment to this Current Report on Form 8-K when such information is determined or becomes available.
Item 9.01
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Financial Statements and Exhibits.
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99.1
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Press Release issued on July 9, 2008 by R&G Financial Corporation.
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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.
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R&G FINANCIAL CORPORATION
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Date: July 9, 2008
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By:
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/s/ Rolando Rodríguez
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Rolando Rodríguez
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President and Chief Executive Officer
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