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			2018_0524 Form 8K - 502 EA for DL JH
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			<a name="_GoBack"></a><font style="display: inline;font-weight:bold;color:#000000;">UNITED STATES</font>
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			<font style="display: inline;font-weight:bold;color:#000000;">SECURITIES AND EXCHANGE COMMISSION</font>
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			<font style="display: inline;font-weight:bold;color:#000000;">Washington, D.C. 20549</font>
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			<font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;">FORM 8-K</font>
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			<font style="display: inline;font-weight:bold;color:#000000;">CURRENT REPORT</font>
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			<font style="display: inline;font-weight:bold;color:#000000;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font>
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			<font style="display: inline;font-weight:bold;color:#000000;">Date of Report (Date of earliest event reported): </font><font style="display: inline;font-weight:bold;color:#000000;">May 24, 2018</font>
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			<font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;">EMBASSY BANCORP, INC.</font>
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			<font style="display: inline;color:#000000;font-size:10pt;">(Exact name of registrant as specified in its charter)</font>
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						<font style="display: inline;font-weight:bold;color:#000000;">Pennsylvania</font></p>
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						<font style="display: inline;font-weight:bold;color:#000000;">000-53528</font></p>
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						<font style="display: inline;font-weight:bold;color:#000000;">26-3339011</font></p>
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						<font style="display: inline;color:#000000;font-size:10pt;">(State or other jurisdiction</font></p>
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						<font style="display: inline;color:#000000;font-size:10pt;">(Commission File Number)</font></p>
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						<font style="display: inline;color:#000000;font-size:10pt;">(IRS Employer</font></p>
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						<font style="display: inline;color:#000000;font-size:10pt;">of incorporation)</font></p>
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						<font style="display: inline;color:#000000;font-size:10pt;">Identification No.)</font></p>
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						<font style="display: inline;font-weight:bold;color:#000000;">100 Gateway Drive, Suite 100</font></p>
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						<font style="display: inline;font-weight:bold;color:#000000;">Bethlehem, PA</font></p>
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						<font style="display: inline;font-weight:bold;color:#000000;">18017</font></p>
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						<font style="display: inline;color:#000000;font-size:10pt;">(Address of principal executive offices)</font></p>
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						<font style="display: inline;color:#000000;font-size:10pt;">(Zip Code)</font></p>
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			<font style="display: inline;color:#000000;font-size:10pt;">Registrant&#x2019;s telephone number, including area code:</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;font-weight:bold;color:#000000;">(610) 882-8800</font>
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			<font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Not Applicable</font>
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			<font style="display: inline;color:#000000;font-size:10pt;">(Former name or former address, if changed since last report)</font>
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			<font style="display: inline;color:#000000;font-size:10pt;">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:</font>
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			<font style="display: inline;color:#000000;font-size:10pt;"></font><font style="display: inline;color:#000000;font-size:10pt;"></font><font style="display: inline;color:#000000;font-size:10pt;"></font><font style="display: inline;color:#000000;font-size:10pt;"></font><font style="display: inline;color:#000000;font-size:10pt;"></font><font style="display: inline;color:#000000;font-size:10pt;"> Written communications pursuant tor Rule 425 under the Securities Act (17 CFR 230.425)</font>
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			<font style="display: inline;color:#000000;font-size:10pt;"></font><font style="display: inline;color:#000000;font-size:10pt;"></font><font style="display: inline;color:#000000;font-size:10pt;"></font><font style="display: inline;color:#000000;font-size:10pt;"></font><font style="display: inline;color:#000000;font-size:10pt;"></font><font style="display: inline;color:#000000;font-size:10pt;"> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font>
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			<font style="display: inline;color:#000000;font-size:10pt;"></font><font style="display: inline;color:#000000;font-size:10pt;"></font><font style="display: inline;color:#000000;font-size:10pt;"></font><font style="display: inline;color:#000000;font-size:10pt;"></font><font style="display: inline;color:#000000;font-size:10pt;"></font><font style="display: inline;color:#000000;font-size:10pt;"> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font>
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			<font style="display: inline;color:#000000;font-size:10pt;"></font><font style="display: inline;color:#000000;font-size:10pt;"></font><font style="display: inline;color:#000000;font-size:10pt;"></font><font style="display: inline;color:#000000;font-size:10pt;"></font><font style="display: inline;color:#000000;font-size:10pt;"></font><font style="display: inline;color:#000000;font-size:10pt;"> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font>
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					<p style="margin:0pt 9.45pt 0pt 0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;font-weight:bold;">Item&nbsp;5</font><font style="display: inline;font-weight:bold;">.0</font><font style="display: inline;font-weight:bold;">2</font></p>
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					<p style="margin:0pt 0.8pt 0pt 0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;font-weight:bold;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory </font><font style="display: inline;font-weight:bold;">Arrangements of Certain Officers</font><font style="display: inline;font-weight:bold;">.</font></p>
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			<font style="display: inline;color:#000000;">On </font><font style="display: inline;color:#000000;">May 24, 2018</font><font style="display: inline;color:#000000;">, Embassy Bank for the Lehigh Valley (the &#x201C;Bank&#x201D;), the primary operating subsidiary of Embassy Bancorp, Inc. (the &#x201C;Company&#x201D;), entered into amended and restated </font><font style="display: inline;color:#000000;">employment</font><font style="display: inline;color:#000000;"> agreements with David M. Lobach, Jr., Chairman, President and Chief Executive Officer of the Company and the Bank, and Judith A. Hunsicker</font><font style="display: inline;color:#000000;">, First Executive Vice President and</font><font style="display: inline;color:#000000;"> Chief </font><font style="display: inline;color:#000000;">Operating and </font><font style="display: inline;color:#000000;">Financial Officer </font><font style="display: inline;color:#000000;">of the Company and the Bank. </font>
		</p>
		<p style="margin:5pt 0pt;text-indent:36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">The amended and restated employment agreements were entered into </font><font style="display: inline;color:#000000;">in order </font><font style="display: inline;color:#000000;">to consolidate </font><font style="display: inline;color:#000000;">into one document all </font><font style="display: inline;color:#000000;">prior amendments to the agreements, as well as to </font><font style="display: inline;color:#000000;">make the following substantive changes:</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:54pt;"><p style="width:54pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;">
			<p style="border-top:1pt none #D9D9D9 ;color:#000000;font-family:Times New Roman;font-size: 12pt;margin:5pt 0pt 6pt;">
				<font style="margin:5pt 0pt 6pt;font-family:Symbol;border-top:1pt none #D9D9D9;color:#000000;font-size:12pt;;"> &#xB7;</font>
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		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;color:#000000;font-family:Times New Roman;font-size: 12pt;margin:5pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">The prior agreements </font><font style="display: inline;color:#000000;">provided each of the executives with</font><font style="display: inline;color:#000000;"> perpetual employment until age 70.&nbsp;&nbsp;As amended and restated, the agreements provide for </font><font style="display: inline;color:#000000;">a five (5) year term </font><font style="display: inline;color:#000000;">of employment, </font><font style="display: inline;color:#000000;">with annual automatic one-year </font><font style="display: inline;color:#000000;">extensions, unless earl</font><font style="display: inline;color:#000000;">ier terminated as provided </font><font style="display: inline;color:#000000;">in</font><font style="display: inline;color:#000000;"> the agreement</font><font style="display: inline;color:#000000;">.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:54pt;"><p style="width:54pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;">
			<p style="font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;font-size:12pt;;"> &#xB7;</font>
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		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="font-family:Times New Roman;font-size: 12pt;margin:0pt;">
			<font style="display: inline;color:#000000;background-color: #FFFFFF;">The prior agreements entitled each of the executives </font><font style="display: inline;color:#000000;background-color: #FFFFFF;">to receive annual</font><font style="display: inline;color:#000000;background-color: #FFFFFF;"> stock awards having a fair market value of not less than 30% of their salary</font><font style="display: inline;color:#000000;background-color: #FFFFFF;"> for such year</font><font style="display: inline;color:#000000;background-color: #FFFFFF;">.&nbsp;&nbsp;As amended and restated, the agreements entitle each executive to receive an annual award of restricted stock having an aggregate fair market value of not less than 8% of the executive&#x2019;s salary</font><font style="display: inline;color:#000000;background-color: #FFFFFF;"> for such year</font><font style="display: inline;color:#000000;background-color: #FFFFFF;">, as determined by the Board of Directors</font><font style="display: inline;color:#000000;background-color: #FFFFFF;">.</font><font style="display: inline;color:#000000;background-color: #FFFFFF;"> The restricted stock granted pursuant to this provision is required to have a minimum three (3) year, pro rata vesting period.</font></p></td></tr></table></div>
		<p style="margin:5pt 0pt;text-indent:36pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">The amended and restated agreements also </font><font style="display: inline;color:#000000;">reflect each executive&#x2019;s current</font><font style="display: inline;color:#000000;"> &nbsp;c</font><font style="display: inline;color:#000000;">ompensation and benefit amounts.&nbsp;&nbsp;Except as described above, there were no </font><font style="display: inline;color:#000000;">material </font><font style="display: inline;color:#000000;">changes to the prior agreements.</font>
		</p>
		<p style="margin:5pt 0pt;text-indent:36pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">The foregoing descriptio</font><font style="display: inline;color:#000000;">n of t</font><font style="display: inline;color:#000000;">he amended</font><font style="display: inline;color:#000000;"> and restated </font><font style="display: inline;color:#000000;">employment agreements is qualified in its entirety by re</font><font style="display: inline;color:#000000;">ference to the actual agreements filed herewith as Exhibits 10.1 and 10.2</font><font style="display: inline;color:#000000;">, which are incorporated herein by referenc</font><font style="display: inline;color:#000000;">e</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:18pt 0pt 0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Item&nbsp;9.01. Financial Statements and Exhibits. </font>
		</p>
		<p style="margin:6pt 0pt 0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(d) Exhibits </font>
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						<font style="display: inline;">&nbsp;</font></p>
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						&nbsp;</p>
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						&nbsp;</p>
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						<font style="display: inline;color:#000000;">&#xFEFF;</font></p>
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						&nbsp;</p>
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						&nbsp;</p>
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					<p style="margin:5pt 0pt;border-bottom:1pt solid #000000 ;text-align:center;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;font-weight:bold;color:#000000;">Exhibit</font><br /><font style="display: inline;font-weight:bold;color:#000000;">No.</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">&nbsp;&nbsp;</font></p>
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						<font style="display: inline;font-weight:bold;color:#000000;">Description of Exhibit</font></p>
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						&nbsp;</p>
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						<font style="display: inline;color:#000000;">&#xFEFF;</font></p>
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						&nbsp;</p>
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						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">&#xFEFF;</font><a href="emyb-20180529xex10_1.htm" style="-sec-extract:exhibit"><font style="display: inline;color:#000000;">10.1</font></a></p>
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						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Amended and Restated</font><font style="display: inline;color:#000000;"> Employment Agreement between Embassy Bank for the Lehigh Valley and David M. Lobach, Jr., dated </font><font style="display: inline;color:#000000;">May 24, 2018.</font></p>
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						<font style="display: inline;color:#000000;">&#xFEFF;</font></p>
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						&nbsp;</p>
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						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">&#xFEFF;</font><a href="emyb-20180529xex10_2.htm" style="-sec-extract:exhibit"><font style="display: inline;color:#000000;">10.2</font></a></p>
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						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Amended and Restated</font><font style="display: inline;color:#000000;"> Employment Agreement between Embassy Bank for the Lehigh Valley and </font><font style="display: inline;color:#000000;">Judith A. Hunsicker</font><font style="display: inline;color:#000000;">, dated </font><font style="display: inline;color:#000000;">May 24, 2018.</font></p>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">SIGNATURE</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">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.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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						&nbsp;</p>
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						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">&#xFEFF;</font></p>
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						&nbsp;</p>
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						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;text-transform:uppercase;color:#000000;">Embassy Bancorp, Inc.</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
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						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Date:</font></p>
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				<td colspan="2" valign="top" style="width:139.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">May 24, 2018</font></p>
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					<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">By:</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;text-decoration:underline;">/s / Judith A. Hunsicker</font></p>
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			</tr>
			<tr>
				<td valign="top" style="width:41.40pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td colspan="2" valign="top" style="width:139.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="top" style="width:94.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:203.40pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:41.40pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td colspan="2" valign="top" style="width:139.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="top" style="width:94.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Name:</font></p>
				</td>
				<td valign="top" style="width:203.40pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Judith A. Hunsicker</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:41.40pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td colspan="2" valign="top" style="width:139.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="top" style="width:94.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Title:</font></p>
				</td>
				<td valign="top" style="width:203.40pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">First Executive, Chief Operating</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:41.40pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td colspan="2" valign="top" style="width:139.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="top" style="width:94.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:203.40pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">and Financial Officer</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="2" valign="top" style="width:159.60pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;">&#xFEFF;</font></p>
				</td>
				<td colspan="2" valign="top" style="width:52.80pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="top" style="width:266.40pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-family:Courier New;color:#000000;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt;line-height:115%;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">EXHIBIT INDEX </font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
			<tr>
				<td valign="middle" style="width:41.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;">&#xFEFF;</font></p>
				</td>
				<td valign="bottom" style="width:04.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:87.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:41.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">&#xFEFF;</font></p>
				</td>
				<td valign="bottom" style="width:04.72%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:87.14%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:41.00pt;padding:0pt;">
					<p style="margin:5pt 0pt;border-bottom:1pt solid #000000 ;text-align:center;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;font-weight:bold;">Exhibit</font><br /><font style="display: inline;font-weight:bold;">No.</font></p>
				</td>
				<td valign="bottom" style="width:21.90pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">&nbsp;&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:405.10pt;padding:0pt;">
					<p style="margin:5pt 0pt;border-bottom:1pt solid #000000 ;text-align:center;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;font-weight:bold;">Description of Exhibit</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:41.00pt;height:6.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">&#xFEFF;</font></p>
				</td>
				<td colspan="2" valign="middle" style="width:427.00pt;height:6.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:41.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">&#xFEFF;</font></p>
				</td>
				<td valign="bottom" style="width:21.90pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:405.10pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:41.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">&#xFEFF;</font><a href="emyb-20180529xex10_1.htm" style="-sec-extract:exhibit"><font style="display: inline;">10.1</font></a></p>
				</td>
				<td valign="bottom" style="width:21.90pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:405.10pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">Amended and Restated</font><font style="display: inline;"> Employment Agreement between Embassy Bank for the Lehigh Valley and David M. Lobach, Jr., dated </font><font style="display: inline;">May 24, 2018.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:41.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">&#xFEFF;</font></p>
				</td>
				<td valign="bottom" style="width:21.90pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:405.10pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:41.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">&#xFEFF;</font><a href="emyb-20180529xex10_2.htm" style="-sec-extract:exhibit"><font style="display: inline;">10.2</font></a></p>
				</td>
				<td valign="bottom" style="width:21.90pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:405.10pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">Amended and Restated</font><font style="display: inline;"> Employment Agreement between Embassy Bank for the Lehigh Valley and </font><font style="display: inline;">Judith A. Hunsicker</font><font style="display: inline;">, dated </font><font style="display: inline;">May 24, 2018.</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:10pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-family:Courier New;color:#000000;">&#xFEFF;</font>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr>
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{"company-data": {"conformed-name": "Embassy Bancorp, Inc.", "cik": "0001449794", "assigned-sic": "6022", "irs-number": "263339011", "state-of-incorporation": "PA", "fiscal-year-end": "0715"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-53528", "film-number": "18863962"}, "business-address": {"street1": "100 GATEWAY DRIVE", "street2": "SUITE 100", "city": "BETHLEHEM", "state": "PA", "zip": "18017", "phone": "610-882-8800"}, "mail-address": {"street1": "100 GATEWAY DRIVE", "street2": "SUITE 100", "city": "BETHLEHEM", "state": "PA", "zip": "18017"}}
2018_0524 Form 8K - 502 EA for DL JH
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 24, 2018
﻿
EMBASSY BANCORP, INC.
(Exact name of registrant as specified in its charter)
﻿
﻿
Pennsylvania
000-53528
26-3339011
(State or other jurisdiction
(Commission File Number)
(IRS Employer
of incorporation)
Identification No.)
﻿
﻿
100 Gateway Drive, Suite 100
Bethlehem, PA
18017
(Address of principal executive offices)
(Zip Code)
﻿
Registrant's telephone number, including area code:
(610) 882-8800
﻿
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:
﻿
Written communications pursuant tor 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 5
.0
2
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
.
On
May 24, 2018
, Embassy Bank for the Lehigh Valley (the "Bank"), the primary operating subsidiary of Embassy Bancorp, Inc. (the "Company"), entered into amended and restated
employment
agreements with David M. Lobach, Jr., Chairman, President and Chief Executive Officer of the Company and the Bank, and Judith A. Hunsicker
, First Executive Vice President and
Chief
Operating and
Financial Officer
of the Company and the Bank.
The amended and restated employment agreements were entered into
in order
to consolidate
into one document all
prior amendments to the agreements, as well as to
make the following substantive changes:
·
The prior agreements
provided each of the executives with
perpetual employment until age 70.  As amended and restated, the agreements provide for
a five (5) year term
of employment,
with annual automatic one-year
extensions, unless earl
ier terminated as provided
in
the agreement
.
·
The prior agreements entitled each of the executives
to receive annual
stock awards having a fair market value of not less than 30% of their salary
for such year
.  As amended and restated, the agreements entitle each executive to receive an annual award of restricted stock having an aggregate fair market value of not less than 8% of the executive's salary
for such year
, as determined by the Board of Directors
.
The restricted stock granted pursuant to this provision is required to have a minimum three (3) year, pro rata vesting period.
The amended and restated agreements also
reflect each executive's current
c
ompensation and benefit amounts.  Except as described above, there were no
material
changes to the prior agreements.
The foregoing descriptio
n of t
he amended
and restated
employment agreements is qualified in its entirety by re
ference to the actual agreements filed herewith as Exhibits 10.1 and 10.2
, which are incorporated herein by referenc
e
.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
﻿
Exhibit
No.
Description of Exhibit
﻿
﻿
﻿
10.1
Amended and Restated
Employment Agreement between Embassy Bank for the Lehigh Valley and David M. Lobach, Jr., dated
May 24, 2018.
﻿
﻿
10.2
Amended and Restated
Employment Agreement between Embassy Bank for the Lehigh Valley and
Judith A. Hunsicker
, dated
May 24, 2018.
﻿
SIGNATURE
﻿
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.
﻿
﻿
﻿
﻿
Embassy Bancorp, Inc.
﻿
Date:
May 24, 2018
By:
/s / Judith A. Hunsicker
﻿
﻿
Name:
Judith A. Hunsicker
﻿
Title:
First Executive, Chief Operating
﻿
and Financial Officer
﻿
﻿
EXHIBIT INDEX
﻿
﻿
Exhibit
No.
Description of Exhibit
﻿
﻿
﻿
10.1
Amended and Restated
Employment Agreement between Embassy Bank for the Lehigh Valley and David M. Lobach, Jr., dated
May 24, 2018.
﻿
﻿
10.2
Amended and Restated
Employment Agreement between Embassy Bank for the Lehigh Valley and
Judith A. Hunsicker
, dated
May 24, 2018.
﻿
﻿
﻿