-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ef1Q23uuHycutYH5S7sw35OtFJ5X/7AKcljmz27/56o24ez4RWXQuOI7VTJ5xLwa KfYoUQQA3+ROVZ7RB2sUgg== 0000904280-02-000195.txt : 20020826 0000904280-02-000195.hdr.sgml : 20020826 20020826164747 ACCESSION NUMBER: 0000904280-02-000195 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020822 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020826 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HCB BANCSHARES INC CENTRAL INDEX KEY: 0001029740 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 621670792 STATE OF INCORPORATION: OK FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22423 FILM NUMBER: 02748561 BUSINESS ADDRESS: STREET 1: HEARTLAND COMMUNITY BANK STREET 2: 237 JACKSON ST CITY: CAMDEN STATE: AR ZIP: 71701 BUSINESS PHONE: 8708366841 MAIL ADDRESS: STREET 1: HEARTLAND COMMUNITY BANK STREET 2: 237 JACKSON STREET CITY: CAMDEN STATE: AR ZIP: 71701 8-K 1 fm8k82202-1843.txt FORM 8-K (8-22-02) HCB BANCSHARES, INC. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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): August 22, 2002 HCB BANCSHARES, INC. ----------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) OKLAHOMA 0-22423 62-1670792 - ---------------------------- ---------------------- ------------------- (State or Other Jurisdiction Commission File Number (I.R.S. Employer of Incorporation) Identification No.) 237 JACKSON STREET, SW, CAMDEN, ARKANSAS 71701 ------------------------------------------------------------------------ (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (870) 836-6841 -------------- NOT APPLICABLE - -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) ITEM 5. OTHER EVENTS. ------------- On August 22, 2002, the Board of Directors of the Registrant announced that it was commencing a stock repurchase program to acquire up to 75,171 shares of its common stock, representing approximately 5% of the outstanding common stock. The program will be dependent upon market conditions and there is no guarantee as to the exact number of shares to be repurchased by the Registrant. The Registrant also announced that it had completed its stock repurchase plan announced on April 19, 2002, repurchasing 79,128 shares at an average price of $16.33. Further information regarding the stock repurchase is set forth in a press release dated August 22, 2002, attached as Exhibit 99 and incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. ------------------------------------------------------------------ The following exhibits are being filed as part of this Current Report on Form 8-K: Number Description ------ ----------- 99 Press Release dated August 22, 2002 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. HCB BANCSHARES, INC. Dated: August 26, 2002 By:/s/ Cameron D. McKeel ----------------------------------- Cameron D. McKeel President (Duly Authorized Representative) EX-99 3 fm8k82202ex99-1843.txt EXHIBIT 99 TO FORM 8-K (8-22-02) PRESS RELEASE FOR IMMEDIATE RELEASE --------------------- Contact: Cameron D. McKeel Telephone No.: 870.836.6841 Facsimile No.: 870.836.2122 August 22, 2002 HCB BANCSHARES, INC. ANNOUNCES NEW STOCK REPURCHASE PROGRAM Camden, Arkansas... HCB Bancshares, Inc. (NASDAQSC: HCBB), announced today that it is commencing a stock repurchase program to acquire up to 75,171 shares of HCB Bancshares' common stock, which represents approximately 5% of the outstanding common stock. The program will be dependent upon market conditions and there is no guarantee as to the exact number of shares to be repurchased by HCB Bancshares. The Company recently completed its stock repurchase plan announced on April 19, 2002, repurchasing 79,128 shares at an average price of $16.33. Cameron D. McKeel, President of HCB Bancshares, stated that the Board of Directors has authorized the repurchase program, which is expected to be completed within six months. Mr. McKeel explained that the Board of Directors considers the common stock to be an attractive investment. It is expected that a reduction in the amount of HCB Bancshares outstanding stock would have the effect of increasing book value per share, per share earnings and return on equity. According to Mr. McKeel, the repurchases generally would be effected through open market purchases. HCB Bancshares, Inc. is the holding company for HEARTLAND Community Bank, which conducts business through its main office located in Camden, Arkansas and four branch offices located in Bryant, Camden, Fordyce, and Sheridan, Arkansas. At June 30, 2002, HCB Bancshares had total assets of approximately $276.4 million, total deposits of $165.0 million, stockholders' equity of $26.7 million and shares outstanding of 1,503,436. HCB Bancshares, Inc. common stock is listed on the Nasdaq SmallCap Market under the symbol "HCBB". -----END PRIVACY-ENHANCED MESSAGE-----