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

 

February 24, 2006

(Date of earliest event reported)

 

February 21, 2006

 

Main Street Trust, Inc.

(Exact name of Registrant as specified in its charter)

 

Illinois

(State or other jurisdiction of incorporation)

 

000-30031

 

37-1338484

(Commission File Number)

 

(I.R.S. Employer Identification Number)

 

 

 

100 W. University Ave., Champaign, Illinois

 

61820-4028

(Address of principal executive offices)

 

(Zip Code)

 

(217) 351-6500

(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 (see General Instruction A.2 below):

 

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 



 

Item 1.01.  Entry into a Material Definitive Agreement

 

On February 21, 2006, the Board of Directors of Main Street Trust, Inc. (the “Company”) approved bonuses for certain executive officers of the Company.  The bonuses were determined on a discretionary basis and were granted to the named executive officers as follows:

 

Name

 

Amount

 

 

 

Gregory B. Lykins

 

$

135,000

Van A. Dukeman

 

$

225,000

Paul Donohue

 

$

50,000

Donna Greene

 

$

50,000

David B. White

 

$

50,000

 

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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.

 

 

 

 

MAIN STREET TRUST, INC.

 

 

 

 

 

 

Dated: February 24, 2006

 

By:

  /s/ Van A. Dukeman

 

 

 

  Van A. Dukeman

 

 

 

  President and Chief Executive Officer

 

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