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): January 29, 2010

Beach First National Bancshares, Inc.
(Exact name of registrant as specified in its charter)

         
South Carolina   000-22503   57-1030117
(State or other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)
     
3751 Robert M. Grissom Parkway, Suite 100,
Myrtle Beach, South Carolina
  29577
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (843) 626-2265

 
 
(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:

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))

 
 

 

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Item 5. 02(e) Compensatory Arrangement of Certain Officers .

On January 29, 2010, Beach First National Bancshares, Inc. (the “Company”) and Beach First National Bank (the “Bank”) provided written notice to Walter E. Standish, III that his employment agreement would not automatically renew following the end of its current term on March 1, 2010. The notice to Mr. Standish confirmed that it was not notice of termination of his employment and that he would continue to serve at the will of the Board of Directors without a written employment agreement. Mr. Standish’s employment agreement was dated December 15, 2008, and filed on March 31, 2009, with the SEC as Exhibit 10.11 to the Company’s Annual Report on Form 10-K.

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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.

BEACH FIRST NATIONAL BANCSHARES, INC.

By: /s/ Gary S. Austin                                                
Name: Gary S. Austin
Title: Chief Financial Officer

Dated: February 4, 2010

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