- Current report filing (8-K)
April 16 2010 - 3:00PM
Edgar (US Regulatory)
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): April 12, 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)
|
Registrants 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))
1
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
On April 12, 2010, Beach First National Bancshares, Inc. (the Company) received a NASDAQ Staff Determination
indicating that the Companys common stock is subject to delisting from the NASDAQ Global Market, pursuant to NASDAQ
Marketplace Rules 5101, 5110(b) and IM-5101-1. The NASDAQ Staff Determination was a result of the fact that Beach
First National Bank, the Companys wholly-owned subsidiary (the Bank), was closed by the Office of the Comptroller of
the Currency on Friday, April 9, 2010 and the Federal Deposit Insurance Corporation was appointed as the Banks
receiver.
Pursuant to the NASDAQ Staff Determination, trading in the Companys common stock was halted by NASDAQ on April 12,
2010 and will remain halted. The Company was informed that the trading of its common stock will be suspended at the
opening of business on April 21, 2010 if it did not appeal the NASDAQ Staff Determination, and that the Companys
common stock will be subsequently removed from listing and registration on the NASDAQ Global Market. The Company does
not intend to request a hearing to appeal the NASDAQ Staff Determination.
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.
BEACH FIRST NATIONAL BANCSHARES, INC.
By:
/
s/ Gary S. Austin
Name: Gary S. Austin
Title: Chief Financial Officer
Dated: April 16, 2010
3
Beach First National Bancshares (MM) (NASDAQ:BFNB)
Historical Stock Chart
From Aug 2024 to Sep 2024
Beach First National Bancshares (MM) (NASDAQ:BFNB)
Historical Stock Chart
From Sep 2023 to Sep 2024
Real-Time news about Beach First National Bancshares (MM) (NASDAQ): 0 recent articles
More News Articles