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): December 15, 2005
BROOKLINE BANCORP, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-23695 04-3402944
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(State or Other Jurisdiction) (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
160 Washington Street, Brookline, Massachusetts 02147
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (617) 730-3500
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Not Applicable
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(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 1.01 Entry into a Definitive Material Agreement.
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On December 15, 2005 the Board of Directors of Brookline Bank, the
Company's wholly owned subsidiary, approved amendments to the existing
employment agreements with Richard P. Chapman, Chairman and Chief Executive
Officer, and with Charles H. Peck, President of the Bank. The agreements were
amended in response to newly enacted Section 409A of the Internal Revenue Code
of 1986. Under the amended agreements, the executives shall be entitled to
severance payments under the agreements upon the occurrence of a change in
control of the Company, as defined in the agreement. The amended employment
agreements will be filed as exhibits to the annual report on Form 10-K for the
year ending December 31, 2005.
Item 9.01 Financial Statements and Exhibits
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(a) Financial Statements of businesses acquired. Not Applicable.
(b) Pro forma financial information. Not Applicable.
(c) Exhibits.
None.
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.
BROOKLINE BANCORP, INC.
DATE: December 19, 2005 By: /s/ Charles H. Peck
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Charles H. Peck
Executive Vice President