UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
December
11, 2007
(Date
of
Report - Date of earliest event reported on)
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Vermont
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000-16435
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03-0284070
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(State
of Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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Derby
Road, Derby, Vermont
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05829
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant's
Telephone Number: (802) 334-7915
Not
Applicable
(Former
name, 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 (17CFR
203.425)
[ ]
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
5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain
Officers.
On
December 11, 2007, Community Bancorp. issued a press release announcing that,
effective January 1, 2008, Chairman and Chief Executive Officer (“CEO”) Richard
C. White will step down as CEO of the Company and its wholly-owned subsidiary,
Community National Bank (the “Bank”), and President and Chief Operating Officer
(“COO”) Stephen P. Marsh will become the CEO of both
corporations. Mr. Marsh will retain his position as President of both
corporations, and both Messrs. White and Marsh will remain on the boards
of
directors of both the Company and the Bank, with Mr. White continuing as
Chairman of both boards.
Mr.
Marsh, age 59, has served as President and COO of the Company and the Bank
since
January 6, 2004. Immediately prior to that appointment, he served as
Vice President of the Company and Executive Vice President and Chief Financial
Officer of the Bank.
Additional
information about Mr. Marsh’s background and experience is contained in the
Company’s press release filed as Exhibit 99.1 to this Report.
Item
9.01. Financial Statements, Proforma Financial Information and
Exhibits.
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(a)
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Inapplicable.
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(b)
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Inapplicable.
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(c)
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Inapplicable.
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(d)
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Exhibits.
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The
following exhibit, referred to in Item 5.02 of this report, is filed,
herewith:
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Exhibit
99.1 - Text of press release, dated December 11,
2007.
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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.
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COMMUNITY
BANCORP.
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DATED:
December 11, 2007
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/s/
Stephen P. Marsh
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Stephen
P. Marsh,
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President
& Chief Operating Officer
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(Chief
Financial Officer)
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