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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) November 21, 2006
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BERKSHIRE HILLS BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-51584 04-3510455
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(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
24 North Street, Pittsfield, Massachusetts 01201
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (413) 443-5601
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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:
[ ] 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))
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ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
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APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF
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CERTAIN OFFICERS.
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(b) On November 21, 2006, Berkshire Hills Bancorp, Inc. (the
"Company"), the holding company of Berkshire Bank (the "Bank"),
announced the resignation of Wayne F. Patenaude as Senior Vice
President and Chief Financial Officer of the Company and the Bank,
effective December 1, 2006. In connection with Mr. Patenaude's
departure, the Company has entered into a severance agreement with
Mr. Patenaude, which provides for his availability as needed for
an interim period.
(c) Also on November 21, 2006, the Company and Bank announced that
John S. Millet has been appointed interim Chief Financial Officer
of the Company and Bank, effective December 1, 2006. Mr. Millet, a
certified public accountant, is currently serving as Senior Vice
President and Controller of the Bank. Mr. Millet, age 41, joined
the Company and the Bank in May 2005, where he has overseen
development of strategic risk management and profitability
measurement policies and systems. Previously, Mr. Millet was
President of GTL, Inc., a health care telecommunications company
located in Pittsfield, Massachusetts, since 1998. In his 17-year
career as a certified public accountant, Mr. Millet has also
worked in public accounting and as a financial consultant to
Fortune 50 companies.
Mr. Millet will serve in the capacity of interim Chief Financial
Officer until a permanent replacement is selected for the
position. The Company intends to conduct an extensive search for
qualified individuals to serve as chief financial officer,
including candidates within and outside of the organization.
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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.
BERKSHIRE HILLS BANCORP, INC.
Dated: November 21, 2006 By: /s/ Michael P. Daly
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Michael P. Daly
PRESIDENT & CHIEF EXECUTIVE OFFICER