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) February
26 , 2010
MidSouth
Bancorp, Inc.
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(Exact
name of registrant as specified in its charter)
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Louisiana
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1-11826
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72-1020809
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(I.R.S.
Employer
Identification
No.)
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102
Versailles Boulevard, Lafayette, Louisiana
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70501
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area
code 337-237-8343
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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))
Item
5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
The Board
of Directors of MidSouth Bancorp, Inc. (the “Company”), upon the recommendation
of the Compensation Committee of the Board, approved a purchase agreement
between the Company and James R. McLemore, Senior Executive Vice President and
Chief Financial Officer of the Company. Pursuant to the purchase
agreement, the Company purchased Mr. McLemore’s former residence in Macon,
Georgia, for $450,000 on February 26, 2010, which the parties believe
represented the fair value of the residence as of the date of the
agreement. The purchase of the residence is a one-time transaction
undertaken to assist Mr. McLemore in connection with the relocation of Mr.
McLemore and his family to Lafayette, Louisiana. The Company intends
to promptly resell the residence, subject to local market conditions, and any
gain or loss associated with the subsequent resale will be for the account of
the Company.
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.
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MIDSOUTH
BANCORP, INC.
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(Registrant)
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Date:
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March
4, 2010
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By:
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C.
R. Cloutier
President
and Chief Executive Officer
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