Ibt Bancorp Inc - Current report filing (8-K)

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)

May 13, 2008

IBT BANCORP, INC.

(Exact name of registrant as specified in its charter)

Pennsylvania

1-31655

25-1532164

(State or other jurisdiction

of incorporation)

(Commission File

Number)

(IRS Employer

Identification No.)

309 Main Street, Irwin, Pennsylvania	15642
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code:

(724) 863-3100

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):

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)).

IBT BANCORP, INC.

INFORMATION TO BE INCLUDED IN REPORT

Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensation Arrangements of Certain Officers

On May 13, 2008, the Registrant’s Board of Directors approved an amendment to the Irwin Bank Supplemental Pension Plan (the “Plan”) to conform the Plan with Section 409A of the Internal Revenue Code of 1986. The non-qualified Plan provides for a supplemental retirement benefit for highly compensated employees including President and Chief Executive Officer Charles G. Urtin based on their average monthly compensation and years of service. On May 13, 2008, the Registrant’s Board of Directors also approved amendments to the Directors Change in Control Severance Plan to conform that plan to Section 409A of the Internal Revenue Code of 1986.

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.