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): ~~December~~January 92, ~~2014~~2015

Monarch Community Bancorp, Inc.

(Exact name of registrant as specified in its charter)

Maryland

000-49814

04-3627031

State or other jurisdiction

of Incorporation

(Commission

File Number)

(IRS Employer

Identification No.)

375 North Willowbrook Road, Coldwater, MI 49036

(Address of principal executive offices) (Zip Code)

(517) 278-4566

(Registrant’s telephone number, including area code)

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 58.0201 ~~Departure~~Other ~~of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers~~Events.

~~(a)~~ On ~~August~~October 1931, 2014, ~~Monarch~~Chemical ~~Community~~Financial ~~Bank,~~Corporation a(“Chemical”) ~~wholly-owned~~and Monarch ~~subsidiary~~Community ~~of the Company~~Bancorp, Inc. (“Monarch”) entered into ~~management~~an ~~continuity~~Agreement ~~agreements~~and ~~with~~Plan ~~the~~of ~~following~~Merger ~~executive~~(the ~~officers:~~“Merger ~~Richard J~~Agreement”). ~~DeVries,~~Pursuant ~~Rebecca~~to S.the ~~Crabill~~Merger Agreement, ~~Andrew~~Monarch J.will ~~VanDoren,~~be ~~Charles~~merged C.with ~~Mulka~~ and ~~Vicki~~into L.Chemical, ~~Bassage.~~with ~~Upon~~Chemical aas ~~qualifying~~the ~~termination~~surviving corporation of(the ~~employment~~“Holding ~~following~~Company ~~a change of control~~Merger”), ~~each~~and ~~individual~~Monarch isCommunity ~~entitled~~Bank, toMonarch’s ~~receive~~wholly-owned ~~the~~subsidiary ~~termination~~bank, ~~benefits~~will ~~provided~~be ~~for~~consolidated inwith ~~his~~and orinto ~~her~~Chemical ~~management~~Bank, ~~continuity~~Chemical’s ~~agreement.~~wholly-owned Asubsidiary ~~qualifying termination of employment occurs if~~bank, ~~within~~with 12Chemical ~~months~~Bank ~~following~~as athe surviving ~~change~~bank ~~of control, either~~ (the ~~individual’s~~“Bank ~~employment~~Consolidation”). isThe ~~terminated~~Merger ~~other~~Agreement ~~than~~is ~~for~~described ~~cause,~~in ~~death~~more ordetail ~~disability~~in orMonarch’s ~~the~~Current ~~individual~~Report ~~terminates~~on ~~his~~Form or8-K ~~her~~filed ~~employment~~with ~~for~~the ~~good~~Securities ~~reason~~and ~~(as~~Exchange ~~defined~~Commission inon ~~the~~November 3, ~~management continuity agreements)~~2014.

~~Under~~Chemical ~~the~~has ~~terms~~received ofregulatory ~~his~~approval ~~management~~of ~~continuity agreement, upon a qualifying termination, Mr. DeVries will be will be entitled to receive a lump sum payment equal to~~ the ~~sum~~Holding ofCompany ~~three~~Merger ~~years of salary~~ and ~~three~~the ~~years~~Bank ofConsolidation ~~annual~~from ~~board~~the ofBoard ~~directors retainer and meeting fees, continuation~~ of ~~health~~Governors ~~care coverage for three years and the transfer to Mr. DeVries~~ of the ~~laptop~~Federal ~~computer,~~Reserve ~~iPad~~System and ~~automobile~~regulatory ~~currently~~approval ~~provided~~of ~~to him by~~ the ~~Company~~Bank ~~and/or~~Consolidation ~~the~~from ~~bank. Under~~ the ~~terms~~State of ~~her~~Michigan ~~management~~Department ~~continuity agreement, upon a qualifying termination, Ms. Crabill will be will be entitled to receive a lump sum payment equal to two years~~ of ~~salary,~~Insurance ~~continuation of health care coverage for two years~~ and ~~the~~Financial ~~transfer to Ms~~Services. ~~Crabill~~ Completion of the ~~laptop~~Holding ~~computer~~Company ~~and~~Merger ~~iPad~~is ~~currently~~subject ~~provided~~ to ~~her by~~ the ~~Company~~approval ~~and/or the bank. Under the terms~~ of ~~their~~Monarch’s ~~management~~shareholders ~~continuity agreements, upon a qualifying termination, Messrs. VanDoren~~ and ~~Mulka~~satisfaction ~~and Ms. Bassage will be entitled to receive a lump sum payment equal to one year~~ of ~~salary, continuation of health care coverage for one year and the transfer to each such~~other ~~executive~~customary ~~officer~~closing ~~of the laptop computer and iPad currently provided by the Company and/or the bank~~conditions.

~~The~~SIGNATURES preceding description of the management continuity agreements is a summary of its material terms, does not purport to be complete, and is qualified in its entirety by reference to the agreements filed as Exhibits 10.1-10.5 to this Current Report on Form 8-K and is incorporated herein by reference.

~~(b)~~Pursuant Onto ~~August 19, 2014,~~ the ~~Company’s~~requirements ~~Board~~ of ~~Directors approved~~ the ~~Company’s~~Securities ~~2014~~Exchange ~~Stock~~Act ~~Compensation Plan~~of ~~(the “Plan”). All Company officers~~1934, ~~employees and directors are eligible to participate in~~ the ~~Plan.~~Registrant Ahas ~~copy~~duly ofcaused ~~the~~this ~~Plan~~report ~~is filed as Exhibit 10.6~~ to ~~this~~be ~~Current~~signed ~~Report~~ on ~~Form~~its ~~8-K~~behalf ~~and~~by the isundersigned ~~incorporated~~hereunto ~~herein~~duly ~~by reference~~authorized.

Under the terms of the Plan:


		MONARCH COMMUNITY BANCORP, INC.

Dated: January 2, 2015		/s/ Andrew J. Van Doren
		Andrew J. Van Doren
		Executive Vice President and Secretary

• up to 860,000 common shares of the Company (as such number of shares may be adjusted to reflect stock splits and reverse stock splits and other organic changes) my be issued in the form of stock options, restricted stock or stock appreciation rights;

• the Plan is administered by the Company’s Board of Directors;

• all grants under the Plan are non-qualified, the Plan does not provide for incentive stock options as defined in the Internal Revenue Service Code;

• all options vest, and all restrictions lapse, at a change of control as defined in the Plan.

On August 19, 2014, the Board of Directors awarded to Richard J. DeVries, Rebecca S. Crabill, Andrew J. VanDoren, Vicki L. Bassage and Charles C. Mulka, 73,725, 55,293, 36,862, 36,862 and 36,862 shares, respectively, of the Company’s common stock, as restricted stock awards under the Plan, with one-fifth of each such award vesting on the first, second, third, fourth and fifth anniversaries of the grant date. In accordance with the terms of the Plan, all of the restrictions on these shares will lapse at a change of control of the Company. The shares were issued pursuant to the standard form of Restricted Stock Agreement under the Plan, a copy of which is filed as Exhibit 10.7 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are filed herewith:

ExhibitNo.		Description
10.1		Management Continuity Agreement, dated August 19, 2014, by and between Monarch Community Bank and Richard J. DeVries.
10.2		Management Continuity Agreement, dated August 19, 2014, by and between Monarch Community Bank and Rebecca S. Crabill.
10.3		Management Continuity Agreement, dated August 19, 2014, by and between Monarch Community Bank and Andrew J. VanDoren.
10.4		Management Continuity Agreement, dated August 19, 2014, by and between Monarch Community Bank and Vicki L. Bassage.
10.5		Management Continuity Agreement, dated August 19, 2014, by and between Monarch Community Bank and Charles C. Mulka.
10.6		2014 Monarch Community Bancorp, Inc. Stock Compensation Plan, adopted August 19, 2014.
10.7		Form of Restricted Stock Agreement under the 2014 Monarch Community Bancorp, Inc. Stock Compensation Plan.

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.

				MONARCH COMMUNITY BANCORP, INC.
Dated: December 9, 2014				/s/ Andrew J. Van Doren
				Andrew J. Van Doren
				Executive Vice President and Secretary

EXHIBIT INDEX

ExhibitNumber		Description
10.1		Management Continuity Agreement, dated August 19, 2014, by and between Monarch Community Bank and Richard J. DeVries.
10.2		Management Continuity Agreement, dated August 19, 2014, by and between Monarch Community Bank and Rebecca S. Crabill.
10.3		Management Continuity Agreement, dated August 19, 2014, by and between Monarch Community Bank and Andrew J. VanDoren.
10.4		Management Continuity Agreement, dated August 19, 2014, by and between Monarch Community Bank and Vicki L. Bassage.
10.5		Management Continuity Agreement, dated August 19, 2014, by and between Monarch Community Bank and Charles C. Mulka.
10.6		2014 Monarch Community Bancorp, Inc. Stock Compensation Plan, adopted August 19, 2014.
10.7		Form of Restricted Stock Agreement under the 2014 Monarch Community Bancorp, Inc. Stock Compensation Plan.

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