10QSB/A 1 ssb10qsba.htm AMENDED FORM 10-QSB Amended Form 10-QSB

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-QSB/A

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the quarterly period ended: March 31, 2002

Commission File No: 0-22911

SOUTHERN SECURITY BANK CORPORATION
(Name of small business as specified in charter)

Delaware
(State or other jurisdiction of incorporation)

65-0325364
(IRS Employer Identification Number)

3475 Sheridan Street, Hollywood, Florida 33021
(954) 985-3900
(Address and telephone number of principal executive offices)

Indicate by check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes X No _____.

State the number of shares outstanding of each of the issuer's classes of common equity, as of the June 17, 2002 (latest practicable date):

Common Stock: 23,754,544 shares

Transitional Small Business Disclosure Format (check one): YES____; NO X

Yes X            No_____

Explanatory Note

This amendment contains a correction to numbers that appeared in Note 1 to the Notes to the Consolidated Financial Statements contained in Part 1 of the Report on form 10-QSB of the Registrant for the quarter ended March 31, 2002, as filed on May 15, 2002. Except as specifically corrected by the information contained in this amendment, the information contained in the May 15, 2002 filing is not changed by this amendment.

PART I - FINANCIAL INFORMATION

Note 1. Basis of Presentation and Disclosure

Options to purchase 1,591,882 shares at March 31, 2002 and 861,835 shares at March 31, 2001, and subscriptions for the purchase of 1,525,000 shares at March 31, 2001, have not been included in the computation of diluted earnings per share for March 31, 2002 and 2001 because their inclusion would have been antidilutive as a result of losses being reported for these periods.

SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  

SOUTHERN SECURITY BANK CORPORATION

 

June 17, 2002  

By: s/ Philip C. Modder

  

Name: Philip C. Modder

  

Title: Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

Signature  

Title  

Date

(i) Principal Executive Officer:  

Chief Executive Officer  

June 17, 2002

 

s/ Philip C. Modder

  

Philip C. Modder


(ii) Principal Accounting and  

Vice President  

June 17, 2002

     Financial Officer:  

And Secretary

     (chief financial officer)

(chief financial officer)
 

s/ Floyd D. Harper

 

Floyd D. Harper