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): September 24, 2008
FSB Community Bankshares, Inc.
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(Exact name of registrant as specified in its charter)
United States 000-52751 74-3164710
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
45 South Main Street, Fairport, New York 14450
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (585) 223-9080
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 CRF 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Not applicable.
(e) Amended and Restated Employment Agreement. On September 24, 2008, Fairport
Savings Bank (the "Bank") the wholly owned subsidiary of FSB Community
Bankshares, Inc. (the "Company"), entered into an amended and restated
employment agreement with Dana C. Gavenda, President and Chief Executive Officer
of the Company and the Bank. The agreement was revised to comply with the
requirements of Section 409A of the Internal Revenue Code.
Item 9.01. Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired. Not Applicable.
(b) Pro Forma Financial Information. Not Applicable.
(c) Shell Company Transactions. Not Applicable.
(d) Exhibits.
Exhibit No. Description
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10.1 Amended and Restated Employment Agreement
for Dana C. Gavenda
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.
FSB COMMUNITY BANKSHARES, INC.
DATE: September 25, 2008 By: /s/ Dana C. Gavenda
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Dana C. Gavenda
President and Chief Executive Officer
Exhibit 10.1