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): June 2, 2006 (May 31, 2006)
------
R&G FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
PUERTO RICO
(State or other jurisdiction of incorporation)
001-31381 66-0532217
(Commission File Number) (I.R.S. Employer Identification No.)
280 JESUS T. PINERO AVE.
HATO REY, SAN JUAN, PUERTO RICO 00918
(Address of principal executive offices and zip code)
(787) 758-2424
(Registrant's telephone number, including area code)
NOT APPLICABLE.
(Former name or 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
(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 PRINCIPAL OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
(b) Effective May 31, 2006, Mr. Ivan Mendez has resigned from his positions as a
Director of R&G Financial Corporation (the "Company") and certain of its
subsidiaries. Prior to his resignation, Mr. Mendez served as a Director of the
Company since December 2004 and was the Chairman of the Risk Management
Committee of the Company's Board of Directors. Mr. Mendez was also a Director of
R-G Premier Bank of Puerto Rico ("Premier Bank"), a Company subsidiary, and a
Director of R-G Crown Bank ("Crown Bank"), a Company subsidiary, and the
Chairman of the Risk Management Committee of each of Premier Bank and Crown
Bank.
Mr. Mendez has confirmed to the Company that he does not have any disagreement
with the Company or its management that has led to his resignation. He has
resigned because he has been offered and has accepted an executive position at
another financial institution.
2
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.
R&G FINANCIAL CORPORATION
Date: June 2, 2006 By: /s/ Vicente Gregorio
-----------------------------
Vicente Gregorio
Chief Financial Officer
3