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
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Date
of Report (Date of earliest event reported)
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December
15, 2008
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MARLIN
BUSINESS SERVICES CORP.
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(Exact
name of registrant as specified in its charter)
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Pennsylvania
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000-50448
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38-3686388
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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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300
Fellowship Road, Mount Laurel, NJ
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08054
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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
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(888)
479-9111
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(Former
name or former address, if changed since last report.)
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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 (see General Instruction A.2.
below):
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[ ]
Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
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[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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On
December 15, 2008, the Compensation Committee of the Board of Directors of
Marlin Business Services Corp. approved increases in the base salaries of Daniel
P. Dyer, Chairman, President and Chief Executive Officer, and George D. Pelose,
Chief Operating Officer, General Counsel and Secretary, which were made
retroactive to October 1, 2008. The base salary for Mr. Dyer was
increased from $320,000 to $390,000, and the base salary for Mr. Pelose was
increased from $295,000 to $325,000. On December 15, 2008, the
Compensation Committee also granted 40,000 shares of restricted common stock to
Mr. Dyer, and 50,000 shares of restricted common stock to Mr. Pelose, and
approved the grant of 20,000 shares of restricted common stock to Mr. Dyer on
January 2, 2009. The restricted common stock vests on the third
anniversary of the date of grant if the executive is employed on such
date.
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.
Dated: December
19, 2008
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MARLIN
BUSINESS SERVICES CORP.
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By:
Name:
Title:
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/s/ Daniel P. Dyer
Daniel
P. Dyer
Chief
Executive
Officer
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