Current Report Filing (8-k)
01 April 2015 - 2:39AM
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):
March 31, 2015
ASB BANCORP, INC.
(Exact Name of Registrant as Specified in
Its Charter)
North Carolina
(State or other jurisdiction of
incorporation or organization) |
|
001-35279
(Commission
File Number) |
|
45-2463413
(IRS Employer
Identification No.) |
11 Church Street, Asheville, North
Carolina 28801
(Address of principal executive offices)
(Zip Code)
(828) 254-7411
(Registrant’s telephone number, including
area code)
Not Applicable
(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)) |
On March 31, 2015, ASB Bancorp, Inc. (the
“Company”) issued a news release announcing that the Company’s Board of Directors approved a stock repurchase
program whereby the Company may repurchase up to 5%, or 218,920 shares, of its outstanding common stock. For further information,
reference is made to the Company’s news release dated March 31, 2015, a copy of which is attached to this Report as Exhibit
99.1 and is furnished herewith.
| Item 9.01 | Financial Statements and Exhibits. |
Number |
Description |
|
|
99.1 |
News Release Dated March 31, 2015 |
SIGNATURE
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
thereunto duly authorized.
|
ASB BANCORP, INC. |
|
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Date: March 31, 2015 |
By: |
/s/ SUZANNE S. DEFERIE |
|
|
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Suzanne S. DeFerie |
|
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President and Chief Executive Officer |
|
ASB Bancorp Announces 5% Share Repurchase Program
ASHEVILLE, N.C., March 31, 2015 /PRNewswire/ -- ASB Bancorp, Inc. (the "Company") (NASDAQ GM: ASBB) announced today that the Company's Board of Directors approved a stock repurchase program whereby the Company may repurchase up to 5%, or 218,920 shares, of its outstanding common stock as and when deemed appropriate by management and under any plan that may be deployed in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The Rule 10b5-1 repurchase plan allows the Company to repurchase its shares during periods when it would normally not be active in the market due to its internal trading blackout period.
![ASB Bancorp Logo ASB Bancorp Logo](cl96775logo.jpg)
ASB Bancorp is the parent company of Asheville Savings Bank, S.S.B., a North Carolina chartered stock savings bank offering traditional financial services through thirteen full-service banking centers located in Buncombe, Madison, McDowell, Henderson, and Transylvania counties in Western North Carolina and a loan production office in Charlotte, North Carolina. Originally chartered in 1936 and headquartered in Asheville, North Carolina, Asheville Savings Bank is locally managed with a focus on fostering strong relationships with its individual and business customers, its employees and the communities it serves.
Contact:
Suzanne S. DeFerie
President and Chief Executive Officer
(828) 254-7411
Logo - http://photos.prnewswire.com/prnh/20111031/CL96775LOGO
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