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) July 22, 2008
AMERICAN COMMUNITY BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
| NORTH CAROLINA | 000-30517 | 56-2179531 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
| 4500 CAMERON VALLEY PARKWAY, SUITE 150, CHARLOTTE, NC | 28211 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code (704) 225-8444
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 2.02 | Results of Operations and Financial Condition. |
On July 22, 2008, American Community Bancshares, Inc. (“the Registrant”) announced financial results for the quarter ended June 30, 2008. For the second quarter of 2008, unaudited earnings were $484,000, as compared to unaudited earnings of $1.2 million for the same period of 2007. A copy of the press release (the “Press Release”) announcing the Registrant’s results for the quarter ended June 30, 2008, including a table of selected financial information, is included as Exhibit 99.1 hereto and incorporated by reference herein.
The information contained or incorporated by reference in Item 2.02 of this Current Report shall not be deemed “filed” for purposes of section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
| Item 8.01 | Other Events. |
On July 22, 2008, the Registrant announced that its board of directors declared a cash dividend of $0.05 per share for the third quarter of 2008. The dividend will be paid on September 2, 2008, to shareholders of record on August 22, 2008.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. |
Description of Exhibit | |
| 99.1 |
Press Release dated July 22, 2008, regarding the Registrant’s results of operations for the quarter ended June 30, 2008, and third quarter dividend of $0.05 per share |
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 Registrant’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 Registrant’s management and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond Registrant’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.
| AMERICAN COMMUNITY BANCSHARES, INC. | ||||
| By: | /s/ Randy P. Helton | |||
| Randy P. Helton | ||||
| President and Chief Executive Officer | ||||
Dated: July 28, 2008
EXHIBIT INDEX
| Exhibit No. |
Description of Exhibit | |
| 99.1 |
Press Release dated July 22, 2008, regarding the Registrant’s results of operations for the quarter ended June 30, 2008, and third quarter dividend of $0.05 per share |