- Current report filing (8-K)
03 November 2010 - 7:29AM
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):
November 2, 2010
ATLANTIC SOUTHERN FINANCIAL GROUP, INC.
(Exact name of Registrant as Specified in Charter)
Georgia
|
|
000-51112
|
|
20-2118147
|
(State or Other Jurisdiction
|
|
(Commission
|
|
(I.R.S. Employer
|
of Incorporation)
|
|
File Number)
|
|
Identification No.)
|
1701 Bass Road, Macon, Georgia 31210
(Address of Principal
Executive Offices)
(478) 476-2170
Registrants telephone number, including area code
(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
2.02 Results of Operation and
Financial Condition
On
November 2, 2010, Atlantic Southern Financial Group, Inc. (the Company), the
parent company of Atlantic Southern Bank, announced its earnings for the
quarter ended September 30, 2010. A copy
of the announcement is furnished as Exhibit 99.1.
Item 5.02
Departure
of Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
Effective
November 1, 2010, Atlantic Southern Bank terminated individual supplemental
retirement or bonus agreements with the consent of the employees benefitting
under the agreements. In connection with
these terminations, each affected employee voluntarily relinquished all
benefits contemplated by his or her agreement, including those benefits accrued
and vested as of the termination date.
The employees agreeing to the cancellation of their supplemental
retirement or bonus agreements were the Companys principal executive officer,
Mark Stevens, its principal financial officer, Carol Soto, as well as named
executive officers, Ed Loomis and Brandon Mercer. There was no separate
consideration given in connection with either the termination of the agreements
or the corresponding relinquishment of the underlying benefits.
Item 9.01
Financial
Statements and Exhibits
Exhibit
10.1
|
|
First
Amendment to the Atlantic Southern Bank Salary Continuation Agreement dated
December 15, 2005 for Mark (Morris) A. Stevens
|
|
|
|
Exhibit
10.2
|
|
First
Amendment to the Atlantic Southern Bank Salary Continuation Agreement dated
December 15, 2005 for Carol Soto
|
|
|
|
Exhibit
10.3
|
|
First
Amendment to the Atlantic Southern Bank Salary Continuation Agreement dated
December 15, 2005 for Brandon L. Mercer
|
|
|
|
Exhibit
10.4
|
|
First
Amendment to the Atlantic Southern Bank Supplemental Executive Retirement
Agreement dated March 30, 2010 for Edward P. Loomis
|
|
|
|
Exhibit
10.5
|
|
Termination
of the Atlantic Southern Bank Salary Continuation Agreement dated
December 15, 2005 for Mark (Morris) A. Stevens
|
|
|
|
Exhibit
10.6
|
|
Termination
of the Atlantic Southern Bank Salary Continuation Agreement dated
December 15, 2005 for Carol Soto
|
2
Exhibit
10.7
|
|
Termination
of the Atlantic Southern Bank Salary Continuation Agreement dated
December 15, 2005 for Brandon L. Mercer
|
|
|
|
Exhibit
10.8
|
|
Termination
of the Atlantic Southern Bank Supplemental Executive Retirement Agreement
dated March 30, 2010 for Edward P. Loomis
|
|
|
|
Exhibit
99.1
|
|
Press
release dated November 2, 2010.
|
3
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.
|
ATLANTIC
SOUTHERN FINANCIAL GROUP, INC.
|
|
|
|
|
|
|
DATE:
November 2, 2010
|
By:
|
/s/
Carol W. Soto
|
|
|
Carol
W. Soto
|
|
|
Secretary
and Chief Financial Officer
|
|
|
|
|
4
EXHIBIT INDEX
Exhibit Number
|
|
|
|
|
|
10.1
|
|
First
Amendment to the Atlantic Southern Bank Salary Continuation Agreement dated
December 15, 2005 for Mark (Morris) A. Stevens
|
|
|
|
10.2
|
|
First
Amendment to the Atlantic Southern Bank Salary Continuation Agreement dated
December 15, 2005 for Carol Soto
|
|
|
|
10.3
|
|
First
Amendment to the Atlantic Southern Bank Salary Continuation Agreement dated
December 15, 2005 for Brander L. Mercer
|
|
|
|
10.4
|
|
First
Amendment to the Atlantic Southern Bank Supplemental Executive Retirement
Agreement dated March 30, 2010 for Edward P. Loomis
|
|
|
|
10.5
|
|
Termination
of the Atlantic Southern Bank Salary Continuation Agreement dated
December 15, 2005 for Mark (Morris) A. Stevens
|
|
|
|
10.6
|
|
Termination
of the Atlantic Southern Bank Salary Continuation Agreement dated
December 15, 2005 for Carol Soto
|
|
|
|
10.7
|
|
Termination
of the Atlantic Southern Bank Salary Continuation Agreement dated
December 15, 2005 for Brander L. Mercer
|
|
|
|
10.8
|
|
Termination
of the Atlantic Southern Bank Supplemental Executive Retirement Agreement
dated March 30, 2010 for Edward P. Loomis
|
|
|
|
99.1
|
|
Press
release dated November 2, 2010.
|
5
Atlantic Southern Financial Grp., Inc. (MM) (NASDAQ:ASFN)
Historical Stock Chart
From Apr 2024 to May 2024
Atlantic Southern Financial Grp., Inc. (MM) (NASDAQ:ASFN)
Historical Stock Chart
From May 2023 to May 2024