Annual Reports

Quarterly Reports


  • 8-K (May 17, 2010)
  • 8-K (Apr 16, 2010)
  • 8-K (Apr 12, 2010)
  • 8-K (Apr 9, 2010)
  • 8-K (Mar 1, 2010)
  • 8-K (Feb 19, 2010)


Beach First National Bancshares 8-K 2010

Documents found in this filing:

  1. 8-K
  2. 8-K
Form 8-K

Washington, D.C. 20549


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
(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))





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 Company’s 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 Company’s 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 Bank’s receiver.

Pursuant to the NASDAQ Staff Determination, trading in the Company’s 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 Company’s 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.





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.


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

Dated: April 16, 2010



Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki