Current Report Filing (8-k)
15 July 2016 - 6:36AM
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):
July 11, 2016
ASB BANCORP, INC.
(Exact Name of Registrant as Specified in
Its Charter)
North Carolina
(State or other jurisdiction of
incorporation or organization)
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001-35279
(Commission
File Number)
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45-2463413
(IRS Employer
Identification No.)
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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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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On July 14, 2016, ASB Bancorp, Inc. (the
“Company”) issued a news release announcing that the Company completed its repurchase of 200,000 shares of its outstanding
common stock under the repurchase program previously announced on July 1, 2016. The Company’s Board of Directors approved
a stock repurchase program whereby the Company could repurchase up to 200,000 shares of its outstanding common stock. Under a Rule
10b5-1 repurchase plan, the share repurchases totaling 200,000 shares were completed on July 11, 2016 at an average price of $24.62
per share. Following the completion of the repurchase, the Company had 3,787,322 shares outstanding. For further information, reference
is made to the Company’s news release dated July 14, 2016, a copy of which is attached to this Report as Exhibit 99.1 and
is furnished herewith.
Item 9.01
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Financial Statements and Exhibits
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Number
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Description
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99.1
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News Release Dated July 14, 2016
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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.
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ASB BANCORP, INC.
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Date: July 14, 2016
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By:
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/s/ S
UZANNE
S. D
E
F
ERIE
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Suzanne S. DeFerie
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President and Chief Executive Officer
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