UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________
FORM
__________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
__________________
(Exact name of the registrant as specified in its charter)
__________________
|
|
|
(State or other jurisdiction of | (Commission File Number) | (IRS Employer |
incorporation or organization) |
| Identification No.) |
|
|
|
|
|
|
|
|
| |
|
|
| ||
| (Address of principal executive offices) |
| (Zip Code) |
|
(
(Registrant’s telephone number)
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 (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)) |
Securities registered pursuant to Section 12(b) of the Act:
|
|
|
|
|
|
Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered |
| |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 7.01 Regulation FD Disclosure
The Annual Meeting of Stockholders (the “Annual Meeting”) of The First of Long Island Corporation (the “Corporation”) is being held on April 20, 2021. At the Annual Meeting, the Corporation’s stockholders will vote to approve the Corporation’s 2021 Equity Incentive Plan (the “2021 Plan”).
In connection with the Annual Meeting, the Corporation confirms that none of the 1,427,216 shares of the Corporation’s common stock that can only be awarded under the Corporation’s 2014 Equity Incentive Plan (the “2014 Plan”) as stock options or stock appreciation rights (the “Option Reserve Shares”) have been granted as awards since March 5, 2021. The Corporation commits that none of the Option Reserve Shares will be granted prior to the Annual Meeting. As disclosed in Corporation’s proxy statement filed with the Securities and Exchange Commission on March 12, 2021 (the “Proxy Statement”), provided that the 2021 Plan is approved by the Corporation’s stockholders at the Annual Meeting, the Option Reserve Shares will be cancelled at that time.
As disclosed in the Proxy Statement, as of March 5, 2021, there were 1,427,216 shares of the Corporation’s common stock that were issuable under the 2014 Plan only as stock options or stock appreciation rights. The following tables provide information as of March 5, 2021 regarding the full value awards (restricted shares and restricted stock units) and appreciation awards (stock options and stock appreciation rights) under the 2014 Plan:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2014 Plan - Share Reserves | ||||
|
| Shares Potentially Issuable | ||||
|
|
|
| Can be Issued |
| Can be Granted |
|
|
|
| Only as Stock |
| as Restricted |
|
|
|
| Options or Stock |
| Stock Awards |
|
|
|
| Appreciation |
| or Restricted |
|
| Total |
| Rights |
| Stock Units |
As of 3/5/2021 (per Proxy) |
| 1,451,881 |
| 1,427,216 |
| 24,665 |
|
|
|
| To be Cancelled (a) |
|
|
(a)To be cancelled upon shareholder approval of the 2021 Equity Incentive Plan. None of the shares that can be awarded only as stock options or stock appreciation rights have been granted since March 5, 2021 nor will any be granted prior to approval of the 2021 plan.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted |
|
|
| Total | |
|
|
|
| Average |
| Remaining |
| Performance | |
|
| Awards |
| Exercise |
| Contractual |
| Based Awards | |
As of 3/5/2021 |
| Outstanding |
| Price |
| Term (Years) |
| Outstanding | |
Full Value Awards (RSUs) |
| 210,605 |
|
| — |
| 1.60 |
| 106,136 |
Appreciation Awards (Options) |
| 750 |
| $ | 17.06 |
| 4.25 |
| N/A |
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 thereunto duly authorized.
|
|
|
| The First of Long Island Corporation |
|
| (Registrant) |
|
|
|
|
|
|
|
| By: /s/ WILLIAM APRIGLIANO |
|
| William Aprigliano |
|
| Senior Vice President & Chief |
|
| Accounting Officer |
|
| (principal accounting officer) |
|
Dated: March 24, 2021