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):
February 2, 2006
United Bankshares, Inc.
(Exact name of registrant as specified in its charter)
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| West Virginia
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No. 0-13322
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55-0641179 |
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(State or other jurisdiction of
incorporation or organization)
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(Commission File Number)
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(I.R.S. Employer
Identification No.) |
300 United Center
500 Virginia Street, East
Charleston, West Virginia 25301
(Address of Principal Executive Offices)
(304) 424-8800
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or 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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 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 1.02. Termination of a Material Definitive Agreement
On February 2, 2006, Kendal E. Carson resigned his positions as an Executive Vice President of
United Bankshares, Inc. (“United”) and as President of United’s wholly-owned Virginia banking
subsidiary, United Bank.
As previously disclosed, Mr. Carson had entered into a Supplemental Executive Retirement
Agreement (“SERP”) and a Change of Control Agreement (“Change of Control Agreement”) with United,
effective October 1, 2003 and August 15, 2000, respectively. Upon the resignation of Mr. Carson,
the SERP and Change of Control Agreement terminate. Mr. Carson will not be entitled to receive any
payments under these agreements.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits.
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10.1 |
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Supplemental Executive Retirement Agreement, dated October 1,
2003, between Kendal Carson and United. (Incorporated by reference to Exhibit
10 of United’s March 31, 2004 Form 10-Q) |
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10.2 |
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Change of Control Agreement, dated August 15, 2000, between Kendal E.
Carson and United. (Incorporated by reference to Exhibit 10.2 of United’s
December 31, 2000 Form 10-K) |