Document:

Exhibit 4.1 2013 10-K

EXHIBIT 4.1

PEOPLES BANCORP INC. ANNUAL REPORT ON FORM 10-K
FOR FISCAL YEAR ENDED DECEMBER 31, 2013

PEOPLES BANCORP INC.
138 Putnam Street
Marietta, OH  45750
(740) 373-3155

February 27, 2014 

Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C.  20549

RE:  Peoples Bancorp Inc. - Annual Report on Form 10-K for the fiscal year ended December 31, 2013 

Ladies and Gentlemen:

Peoples Bancorp Inc., an Ohio corporation, is today filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2013 (the “Form 10-K”), as executed on February 27, 2014.

Pursuant to the provisions of Item 601(b)(4)(iii) of SEC Regulation S-K, Peoples Bancorp Inc. hereby agrees to furnish to the SEC, upon request, copies of instruments and agreements defining (i) the rights of holders of Peoples Bancorp Inc.'s long-term debt or (ii) the rights of holders of the long-term debt of one of its consolidated subsidiaries, not being filed or incorporated by reference as an exhibit to the Form 10-K.  Such long-term debt does not exceed 10% of the total assets of Peoples Bancorp Inc. and its subsidiaries on a consolidated basis.

Very truly yours,
            
Peoples Bancorp Inc.

/s/ EDWARD G. SLOANE 
Edward G. Sloane
Executive Vice President,
Chief Financial Officer and TreasurerExhibit 10.19 2013 10-K

EXHIBIT 10.19

PEOPLES BANCORP INC. ANNUAL REPORT ON FORM 10-K 
FOR FISCAL YEAR ENDED DECEMBER 31, 2013

SUMMARY OF PERQUISITES FOR EXECUTIVE OFFICERS
OF PEOPLES BANCORP INC.

Based on business need, on a case-by-case basis, the Compensation Committee of the Board of Directors  (the “Committee”) of Peoples Bancorp Inc. (“Peoples”) grants the use of a company-paid automobile and country club membership to selected executive officers of Peoples to further business development on behalf of Peoples.  Expenses relating to personal use of the country club amenities are either reimbursed to Peoples or paid by the executive officer.  Expenses relating to personal use of company automobiles are reported as income to the executive officer.  On December 17, 2009, the Board of Directors discontinued company-paid country club memberships for executive officers effective January 1, 2010 and was reinstated June 1, 2011.
 
On January 12, 2006, the Committee approved the adoption of an Executive Health Program for the executive officers.  The Executive Health Program provides an opportunity for each named executive officer to participate in a comprehensive medical screening annually at the expense of Peoples.  Participation is voluntary.  The objective of the Executive Health Program is the early identification of potential health problems and the prompt, expert treatment of any medical problems detected, which could negatively impact Peoples’ financial performance or current management succession plans.

On July 25, 2013, the Peoples Bancorp Board of Directors approved the Peoples Bancorp Inc. Nonqualified Deferred Compensation Plan (the “2013 Nonqualified Plan”).  Participation in the 2013 Nonqualified Plan is limited to a select group of management and highly-compensated employees, including executive officers, designated annually by the Compensation Committee.  The Nonqualified Deferred Compensation Plan is provided for the purpose of providing deferred compensation to a select group of management and highly compensated employees.  Peoples may make discretionary contributions to participants’ bookkeeping accounts in such amount that would have been made pursuant to the Retirement Savings Plan as matching contributions if all amounts selected to be deferred under the 203 Nonqualified Plan had been deferred under the Retirement Savings Plan.  All deferrals and discretionary contributions vest  in accordance with the vesting schedule under the Retirement Savings Plan, provided that the amounts will become fully vested in the event of a participant’s retirement or death and will be forfeited if a participant is terminated for cause.Exhibit 10.20 2013 10-K

EXHIBIT 10.20

PEOPLES BANCORP INC. ANNUAL REPORT ON FORM 10-K
FOR FISCAL YEAR ENDED DECEMBER 31, 2013

SUMMARY OF BASE SALARIES FOR EXECUTIVE OFFICERS 
OF PEOPLES BANCORP INC.

The base salaries of executive officers of Peoples Bancorp Inc. (“Peoples”) are determined by evaluating the most recent comparative peer data and the role and responsibilities of their positions.  Individual salary increases are reviewed annually and are based on Peoples' overall performance and the executive's attainment of specific individual business objectives during the preceding year.

The following table details the base salaries to paid by Peoples and its subsidiaries to Charles W. Sulerzyski, President and Chief Executive Officer of Peoples, and the four other most highly compensated executive officers of Peoples for the fiscal year ending December 31, 2014:

	
					
	Name
	Position/Title
	Base Salary

	Charles W. Sulerzyski
	President and Chief Executive Officer
	$
	461,000
	

	 
	 
	 

	Edward G. Sloane
	Executive Vice President, Chief Financial Officer and Treasurer
	224,000
	

	 
	 
	 

	Daniel K. McGill
	Executive Vice President, Chief Commercial Banking Officer
	240,000
	

	 
	 
	 

	Timothy H. Kirtley
	Executive Vice President, Chief Credit Officer
	215,000
	

	 
	 
	 

	Carol A. Schneeberger
	Executive Vice President, Chief Administrative Officer
	220,000Exhibit 10.21 2013 10-K

EXHIBIT 10.21

PEOPLES BANCORP INC. ANNUAL REPORT ON FORM 10-K 
FOR FISCAL YEAR ENDED DECEMBER 31, 2013

Summary of Compensation for 
Directors of Peoples Bancorp Inc. 

The Compensation Committee believes the combination of cash compensation and equity-based compensation (in the form of common shares) in its director compensation model promotes independent decision-making on the part of directors as the common shares have immediate value, unlike stock options or similar forms of equity-based awards.  In 2013, the directors, other than Charles W. Sulerzyski, received a quarterly fee of $3,800 for their services, paid in the form of the number of common shares with an equivalent fair market value at the time of payment. In addition, directors, other than Charles W. Sulerzyski, received compensation of $1,250 for each Board meeting attended, paid $750 in cash, and $500 in the form of the number of common shares with equivalent fair market value at the time of payment, common share payment generally being made quarterly. 
Directors were also compensated for each committee meeting they attended:  (i) the fee paid to members of the Executive Committee and to members of the Governance and Nominating Committee was $300 for each committee meeting attended; and (ii) the fee paid to members of the Compensation Committee, members of the Audit Committee, and members of the Risk Committee was $600 for each committee meeting attended.  In addition to the per meeting fees, the Chair of the Compensation Committee, the Chair of the Audit Committee, and the Chair of the Risk Committee each received an annual cash fee of $10,000.  The Chairman of the Board received an annual cash fee of $20,000.
All directors of Peoples are also directors of Peoples Bank.  Directors receive compensation for their service as Peoples Bank directors in addition to compensation received for their service as directors of Peoples.  Each director of Peoples received the following cash compensation for his or her service as a director of Peoples Bank:  (i) $500 fee paid for each regular meeting attended; (ii) $300 fee paid to members of the Information Technology Committee and the ALM and the Investment Committee for each committee meeting attended; (iii) $600 fee paid to members of the Loan Committee for each committee meeting attended; and (iv) $300 quarterly retainer paid to members of the Trust Investment Committee.  
Charles W. Sulerzyski received no compensation as a director of Peoples or Peoples Bank during 2013.
Directors who travel a distance of 50 miles or more to attend a Board or Board committee meeting of Peoples or Peoples Bank receive a $150 travel fee.  A single travel fee of $150 is paid for multiple meetings occurring on the same day.  Directors who stay overnight to attend a meeting are reimbursed for the actual cost of their overnight accommodations.  Peoples believes these fees and reimbursements are reasonable and partially offset travel expenses incurred by those directors living outside the Marietta, Ohio area, where Board and Board committee meetings are typically held. 
Additionally, the Compensation Committee recommended in 2013, and the Board voted to reinstitute the annual grant of restricted common shares to non-employee directors.  In 2009, the Board had discontinued the historic annual grant of restricted common shares due to Peoples' financial performance and the decline in Peoples' stock price.  The Board believes the continuous and sustained return by Peoples to more historic levels of performance warranted the reinstatement of the previous practice of annual grants of restricted common shares to the directors.  Additionally, the Board recognizes the need for Board compensation sufficient to attract and retain capable and engaged directors for Peoples.  Each future grant of equity-based awards to directors will require approval of the full Board.  
Each of the Peoples directors, other than Charles W. Sulerzyski, received a grant of 500 restricted common shares on February 28, 2013.  The restricted common shares had a time-based vesting requirement and vested six months after the grant date, as the individuals continued to serve as a director of Peoples.exhibit10o.htm

AMENDMENT

TO

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT

 

Amendment (the "Amendment") to a certain Amended and Restated Loan and Security Agreement, dated as of February 19, 2009, by and among RCM Technologies, Inc. and all of its subsidiaries (collectively, the “Borrower”), Citizens Bank of Pennsylvania, a Pennsylvania state chartered bank, in its capacity as administrative agent and arranger (the “Agent”), and Citizens Bank of Pennsylvania, as lender (the “Bank”).

WHEREAS, the Bank and the Borrower made, executed and delivered a Second Amended and Restated Loan and Security Agreement, dated as of February 19, 2009 ( the “Loan  and Security Agreement"), and in connection therewith the Borrower executed and delivered a Sixth Amended and Restated Revolving Credit Note payable to the order of the Bank, in the original principal amount of $15,000,000.00, dated February 19, 2009 (the "Revolving Promissory Note"); and

WHEREAS, as security for (a) the punctual performance in full by the Borrower of its obligations under the Loan Documents (as such term is defined in the Loan and Security Agreement), (b) the punctual payment in full of all amounts owing or to be owing under any Loan Document, (c) the punctual payment of any other amounts which at any time may be due and payable from the Borrower to the Bank, in each case whether presently existing or hereafter arising (collectively, the "Secured Obligations"), the Borrower granted a security interest to the Bank in the Collateral (as such term is defined in the Loan and Security Agreement), pursuant to the terms and provisions of the Loan and Security Agreement; and

  

  

  

WHEREAS, the Borrower has requested the Bank amend certain terms and provisions of the Loan and Security Agreement, and the Bank is willing to consent to such modifications upon the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the mutual promises herein contained, and each intending to be legally bound hereby, the parties hereto hereby agree as follows:

1. Except as expressly defined herein, all terms used herein shall have the meanings ascribed to them in the Loan and Security Agreement.  This Amendment is intended to amend the Loan and Security Agreement, and the Loan and Security Agreement shall be so amended, from and as of the date hereof.

 

2. The Loan and Security Agreement shall be amended so that all references to "Agreement" contained therein shall mean the Loan and Security Agreement, as amended herein, and as further amended, supplemented or modified from time to time.

 

3. The definition of "Revolving Credit Maturity Date" found in Section 1.1 of the Loan and Security Agreement is hereby amended and restated in its entirety as follows:

"Revolving Credit Maturity Date"  ─ October 31, 2011.

 

4. Pursuant to the terms of the Loan and Security Agreement, as amended herein, the Borrower has provided to the Bank, as security for the payment and performance of any and all of the Obligations and the performance of all other obligations and covenants of Borrower under the Loan and Security Agreement, as amended herein, the Revolving Promissory Note,  and each other Loan Document, certain or contingent, now existing or hereafter arising, which are now, or may at any time or times hereafter be owing by Borrower to Bank, a first priority, perfected security interest in the Collateral.  The Borrower hereby ratifies and confirms the

  

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liens and security interests granted under the Loan and Security Agreement; and further ratifies and confirms, without condition, that (a) such liens and security interests shall secure the payment and performance of any and all of the Obligations and the performance of all other obligations and covenants of Borrower under the Loan and Security Agreement, as amended herein, the Revolving Promissory Note, and each other Loan Document, certain or contingent, now existing or hereafter arising, which are now, or may at any time or times hereafter be owing by Borrower to Bank, and (b) the perfected status and priority of such liens and security interests shall not be affected in any way by the amendments to the Loan and Security Agreement , as set forth herein.  The Borrower acknowledges that the outstanding principal amounts of the Revolving Promissory Note are due and owing without any claim, defense or set-off.

 

5. All representations, warranties and covenants of the Borrower contained in the Loan and Security Agreement, are hereby ratified and confirmed without condition as if made anew upon the execution of this Amendment and are hereby incorporated by reference.  All representations, warranties and covenants of the Borrower, whether hereunder, or contained in the Loan and Security Agreement, shall remain in full force and effect until all amounts due under the Loan and Security Agreement, as amended herein, the Revolving Promissory Note, and each other Loan Document, are satisfied in full.

 

6. Except as modified by the terms hereof, all terms, provisions and conditions of the Loan and Security Agreement, the Revolving Promissory Note and each other Loan Document, are in full force and effect, and are hereby incorporated by reference as if set forth herein.  This Amendment and the Loan and Security Agreement shall be deemed as complementing and not restricting the Bank's rights hereunder or thereunder.  If there is any conflict or discrepancy between the provisions of this Amendment, and any provision of the Loan and Security Agreement, the terms and provisions of this Amendment shall control and prevail.

  

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7. As a condition precedent to the effectiveness of this Amendment, simultaneously with the execution and delivery of this Amendment, the Borrower shall deliver to the Bank the following:

 

(a) Certified copies of resolutions of the directors  of the Borrower authorizing the execution, delivery and performance of this Amendment and any other document hereunder, which resolutions shall be in form and substance satisfactory to the Bank in its sole discretion.

 

8. The Borrower hereby represents, warrants and certifies to the Bank that no Event of Default or Unmatured Event of Default has occurred and is presently existing under the Loan Documents.

 

9. This Amendment (a) shall be construed and enforced in accordance with the laws of the Commonwealth of Pennsylvania; (b) shall inure to the benefit of, and be binding upon, the parties hereto and their respective successors and assigns; (c) may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument; and (d) may only be amended or modified pursuant to a writing signed by the parties hereto.

 

10. THE BORROWER HEREBY WAIVES ANY AND ALL RIGHTS WHICH IT MAY HAVE TO A JURY TRIAL IN CONNECTION WITH ANY LITIGATION COMMENCED BY OR AGAINST THE BANK WITH RESPECT TO THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO.

  

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(a) The Borrower hereby agrees that it will pay, or cause to be paid or reimburse the Bank for, all of the Bank's costs and expenses in connection with this Amendment, including without limitation the fees of its legal counsel.

 

IN WITNESS WHEREOF, the undersigned have caused this Amendment to be executed and delivered by their respective officers thereunto duly authorized, as of the 22 day of July, 2011.

  

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BORROWER:                                                            RCM TECHNOLOGIES, INC.

 

	
By:

	
/s/ Kevin D. Miller

	  	
Kevin D. Miller

	  	
Chief Financial Officer

 

RCM TECHNOLOGIES (USA), INC.

 

	
By:

	
/s/ Kevin D. Miller

	  	
Kevin D. Miller

	  	
Chief Financial Officer

                                                  

 

PROGRAMMING ALTERNATIVES OF

MINNESOTA, INC.

 

	
By:

	
/s/ Kevin D. Miller

	  	
Kevin D. Miller

	  	
Chief Financial Officer

                                                       

 

RCMT DELAWARE, INC.

 

	
By:

	
/s/ Kevin D. Miller

	  	
Kevin D. Miller

	  	
Chief Financial Officer

                                                 

 

RCM TECHNOLOGIES CANADA CORP.

 

	
By:

	
/s/ Kevin D. Miller

	  	
Kevin D. Miller

	  	
Chief Financial Officer

 

 

BUSINESS SUPPORT GROUP OF

MICHIGAN, INC.

 

	
By:

	
/s/ Kevin D. Miller

	  	
Kevin D. Miller

	  	
Chief Financial Officer

                                                     

 

  

6

  

 

SOLTRE TECHNOLOGY, INC.

 

	
By:

	
/s/ Kevin D. Miller

	  	
Kevin D. Miller

	  	
Chief Financial Officer

                                                      

 

RCM TECHNOLOGIES SERVICES

COMPANY, INC.

 

	
By:

	
/s/ Kevin D. Miller

	  	
Kevin D. Miller

	  	
Chief Financial Officer

                                                   

 

 

	
AGENT:

	
CITIZENS BANK OF PENNSYLVANA,

	
  

	
as Administrative Agent and Arranger

 

                                                           
	
By:

	
/s/ Derrick R. Davis

	  	
Derrick R. Davis

	  	
SVP

                                               

 

LENDERS:                                           CITIZENS BANK OF PENNSYLVANIA, as

Lender

 

                                                             

	 	
/s/ Derrick R. Davis

	  	
Derrick R. Davis

	  	
SVP

 

 

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