- Current report filing (8-K)
March 29 2010 - 3:21PM
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) February
8, 2010
AB&T
FINANCIAL CORPORATION
(Exact
name of registrant as specified in its charter)
North
Carolina
(State or
other jurisdiction of incorporation)
000-53249
(Commission
File Number)
|
26-2588442
(IRS
Employer Identification No.)
|
292
West Main Avenue, Gastonia, North Carolina
(Address
of principal executive offices)
|
28054
(Zip
Code)
|
(704)
867-5828
Registrant’s
telephone number, including area code
N/A
(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:
[ ] 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
5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On February 8, 2010, the board of
directors of AB&T Financial Corporation, Gastonia, North Carolina (the
“Registrant”) appointed Roger A. Mobley as its executive vice president and
chief financial officer. Mr. Mobley will also serve as executive vice
president and chief financial officer of the Registrant’s wholly owned
subsidiary, Alliance Bank & Trust Company.
Mr. Mobley formerly served as chief
financial officer of Mountain 1
st
Bank
& Trust Company, Hendersonville, North Carolina and its parent company,
1
st
Financial Services Corporation. Prior to that, Mr. Mobley served as a
certified public accountant and assurance and advisory senior manager with
Elliott Davis, PLLC from September 2003 to September 2008. Prior to
that, Mr. Mobley was a certified public accountant with KPMG in its banking
group. Mr. Mobley is 39 years of age.
Mr.
Mobley will receive compensation and benefits commensurate with his position in
the company, including a base salary of $128,000 per year, and will be eligible
to participate in the company’s equity compensation plan. Mr. Mobley has also
received a one-time cash signing bonus of $5,000 and will receive $12,000 for
relocation expenses.
On March
26, 2010, the Registrant issued a press release announcing Mr. Mobley’s
appointment as executive vice president and chief financial officer. A copy of
the press release is filed as exhibit 99.1 hereto and incorporated by reference
herein.
Item 9.01 Financial Statements and
Exhibits.
(d) Exhibits.
Exhibit
No.
|
|
Description
of Exhibit
|
99.1
|
|
Press
Release dated March 26, 2010, regarding the appointment of Roger A. Mobley
as executive vice president and chief financial
officer.
|
This
Current Report on Form 8-K (including information included or incorporated by
reference herein) may contain, among other things, certain forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995, including, without limitation, (i) statements regarding certain of
AB&T Financial Corporation’s goals and expectations with respect to
earnings, income per share, revenue, expenses and the growth rate in such items,
as well as other measures of economic performance, including statements relating
to estimates of credit quality trends, and (ii) statements preceded by, followed
by or that include the words “may”, “could”, “should”, “would”, “believe”,
“anticipate”, “estimate”, “expect”, “intend”, “plan”, “projects”, “outlook” or
similar expressions. These statements are based upon the current belief and
expectations of the company’s management and are subject to significant risks
and uncertainties that are subject to change based on various factors (many of
which are beyond the company’s control).
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.
AB&T
Financial Corporation
(Registrant)
Date:
March 29,
2010
/s/ Daniel C.
Ayscue
By: Daniel C. Ayscue
President and Chief Executive
Officer
EXHIBIT
INDEX
Exhibit
No.
|
|
Description
of Exhibit
|
99.1
|
|
Press
Release dated March 26, 2010, regarding the appointment of Roger A. Mobley
as executive vice president and chief financial
officer.
|
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