- Current report filing (8-K)

 

 

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 26, 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: [phone]

(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 (a)(b) Departure of Director and Officer.

On February 26, 2010, Walter E. Standish, III resigned from his position as President and Director of Beach First National Bancshares, Inc. (the “Company”) and its wholly owned subsidiary, Beach First National Bank (the “Bank”). His resignation as President was effective at the end of the term of his current employment agreement at 12:01AM on March 1, 2010. The 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. His resignation as a director was effective upon receipt by the Company. Mr. Standish’s decision to resign from the Board of Directors did not arise or result from any disagreement with the Company on any matters relating to the Company’s operations, policies or practices.

As previously disclosed, John S. Poelker will continue to serve as Interim Chief Executive Officer of the Bank.

 

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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: March 1, 2010

 

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