Capitol Bancorp 8-K 2005
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Date of Report (Date of earliest event reported): May 5, 2005
CAPITOL BANCORP LTD.
Capitol Bancorp Center
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))
Item 1.01. Entry into a Material Definitive Agreement.
On November 4, 2004, the board of directors of Capitol Bancorp Ltd. (the Company) approved the First Amendment (the First Amendment) to the Capitol Bancorp Ltd. 2003 Stock Plan (the Plan), subject to shareholder approval. The First Amendment increases the number of shares reserved for issuance under the Plan from 1,000,000 to 2,000,000. The principal features of the Plan are summarized in the Companys Proxy Statement for the 2005 Annual Meeting of the Companys Shareholders, filed with the Securities and Exchange Commission on March 29, 2005. The foregoing description and the Proxy Statement summary of the Plan are qualified in their entirety by reference to the Plan itself and the First Amendment which is incorporated by reference as Exhibit 10.1 to this Form 8-K.
Item 9.01. Financial Statements and Exhibits.
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.