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): March 27, 2009
FEDERAL TRUST CORPORATION
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(Exact name of registrant as specified in its charter)
Florida 000-23449 59-2935028
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(State or other jurisdiction Commission File Number (I.R.S. Employer
of incorporation) Identification No.)
312 West First Street
Sanford, Florida 32771
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(address of principal executive offices) (zip code)
(407) 323-1833
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(Registrant's telephone number, including areas code)
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 Instructions A.2. below):
[ ] 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
(a) On March 27, 2009, A. George Igler notified the Board of Directors of
Federal Trust Corporation (the "Registrant") of his resignation as a director of
the Registrant, effective as of his notification. At the time of his
resignation, Mr. Igler served on the Compensation Committee of the Registrant's
Board of Directors.
Mr. Igler has provided the Board of Directors with written correspondence
related to his resignation. A copy of Mr. Igler's correspondence is filed as
Exhibit 17 to this Current Report.
The Registrant believes that Mr. Igler disagrees with the Registrant over
various matters relating to the Registrant's operations, policies or practices,
including (i) the Board of Directors' actions with respect to the Registrant's
capital raising efforts that began at the end of 2007 and continued through
2008, and (ii) the termination of the Registrant's prior Chief Executive Officer
in 2007.
A copy of this Current Report has been provided to Mr. Igler.
ITEM 9.01. Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. Exhibit
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17 Correspondence from A. George Igler dated March 27, 2009
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.
Date: April 2, 2009
Federal Trust Corporation
(Registrant)
By: \s\ Dennis T. Ward
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Dennis T. Ward
President and
Chief Executive Officer
EXHIBIT INDEX
Exhibit No. Exhibit
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17 Correspondence from A. George Igler dated March 27, 2009