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 - January 26, 2006 CODORUS VALLEY BANCORP, INC. (Exact name of registrant as specified in its charter) Pennsylvania 0-15536 23-2428543 (State or other jurisdiction (Commission File Number) (IRS Employer Number) of incorporation) 105 Leader Heights Road P.O. Box 2887 York, Pennsylvania 17405-2887 (Address of principal executive offices) (Zip code) 717-747-1519 (Registrant's telephone number including area code) N/A (Former name or 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): [ ] Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under 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)) Page 1 of 15 sequentially numbered pages in manually signed copy Exhibit Index found on page 3 1 CODORUS VALLEY BANCORP, INC. FORM 8-K ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. Codorus Valley Bancorp, Inc., PeoplesBank, A Codorus Valley Company and Hershey Trust Company entered into the Codorus Valley Bancorp, Inc. Change in Control and Supplemental Benefit Trust Agreement dated January 25, 2006. A copy of the Codorus Valley Bancorp, Inc. Change in Control and Supplemental Benefit Trust Agreement is attached to this filing as Exhibit 10.1. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. No. Description ---- ----------- 10.1 Codorus Valley Bancorp, Inc. Change in Control and Supplemental Benefit Trust Agreement between Codorus Valley Bancorp, Inc., PeoplesBank, A Codorus Valley Company and Hershey Trust Company, dated January 25, 2006. 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. Codorus Valley Bancorp, Inc. (Registrant) Date: January 26, 2006 /s/ Larry J. Miller ---------------------------------------- Larry J. Miller President and Chief Executive Officer (Principal Executive Officer) EXHIBIT INDEX Page Number In Manually Exhibit Signed Original ------- --------------- 10.1 Codorus Valley Bancorp, Inc. Change in Control and 4 Supplemental Benefit Trust Agreement between Codorus Valley Bancorp, Inc., PeoplesBank, A Codorus Valley Company and Hershey Trust Company, dated January 25, 2006. 3