Chief Executive Officer Resignation Letter – Michael E. Golden and Sun American Bancorp (March 31, 2010)

Contract Categories: Human Resources › Separation Agreements
Summary

Michael E. Golden submitted his resignation as President, Chief Executive Officer, and Director of Sun American Bancorp, effective March 31, 2010. The letter is addressed to Leonard Marinello, Vice Chairman of the company. Mr. Golden states he is leaving to pursue other interests. There are no additional terms, conditions, or obligations specified in the letter.

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EX-10.1 2 samb_ex101.htm CHIEF EXECUTIVE OFFICER RESIGNATION LETTER DATED MARCH 31, 2010. Sun American Bancorp

Exhibit 10.1


March 31, 2010


Mr. Leonard Marinello

Vice Chairman

c/o Sun American Bancorp

9293 Glades Road

Boca Raton, FL 33434

Dear Mr. Marinello;

Please accept this letter as my resignation as President, Chief Executive Officer and Director of Sun American Bancorp effective March 31, 2010.

I have enjoyed my time with the Company but have decided to pursue other interests at this time.

Sincerely,


Michael E. Golden