-----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, MdEDwSaUGf50skcFLs74obm9cQE0e3R1PS1Lgw/OO1aKS044DgtpXvmm02J5NASp 8o1qHnaFebdJCExmiTjmGQ== 0001193125-08-217841.txt : 20081028 0001193125-08-217841.hdr.sgml : 20081028 20081028145313 ACCESSION NUMBER: 0001193125-08-217841 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20081022 ITEM INFORMATION: Other Events FILED AS OF DATE: 20081028 DATE AS OF CHANGE: 20081028 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Bank of the Carolinas CORP CENTRAL INDEX KEY: 0001365997 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 204989192 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-52195 FILM NUMBER: 081144542 BUSINESS ADDRESS: STREET 1: 135 BOXWOOD VILLAGE DRIVE CITY: MOCKSVILLE STATE: NC ZIP: 27028 BUSINESS PHONE: 336-751-5755 MAIL ADDRESS: STREET 1: 135 BOXWOOD VILLAGE DRIVE CITY: MOCKSVILLE STATE: NC ZIP: 27028 8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

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): October 22, 2008

 

 

BANK OF THE CAROLINAS CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

North Carolina   000-52195   20-4989192

(State or other jurisdiction

of incorporation)

   (Commission File Number)  

(IRS Employer

Identification No.)

 

135 Boxwood Village Drive

Mocksville, North Carolina

   27028
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (336) 751-5755

 

 

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))

 

 

 

Item 8.01. Other Events.

On October 22, 2008, our Board of Directors approved the grant of stock options under our 2007 Omnibus Equity Plan to our outside directors as described in the following table:

 

Name

    Type
of Award		    Number
of Shares		    Exercise
Price		   

Expiration

Date

   

Other Terms

Jerry W. Anderson

    Stock Option    1,500    $ 5.25    October 22, 2018    Exercisable as to all shares upon grant

Alan M. Bailey

    Stock Option    1,500    $ 5.25    October 22, 2018    Exercisable as to all shares upon grant

William A. Burnette

    Stock Option    1,500    $ 5.25    October 22, 2018    Exercisable as to all shares upon grant

John A. Drye

    Stock Option    1,500    $ 5.25    October 22, 2018    Exercisable as to all shares upon grant

Thomas G. Fleming

    Stock Option    1,500    $ 5.25    October 22, 2018    Exercisable as to all shares upon grant

John W. Googe

    Stock Option    1,500    $ 5.25    October 22, 2018    Exercisable as to all shares upon grant

Henry H. Land

    Stock Option    1,500    $ 5.25    October 22, 2018    Exercisable as to all shares upon grant

Steven G. Laymon

    Stock Option    1,500    $ 5.25    October 22, 2018    Exercisable as to all shares upon grant

Grady L. McClamrock, Jr.

    Stock Option    1,500    $ 5.25    October 22, 2018    Exercisable as to all shares upon grant

Lynne Scott Safrit

    Stock Option    1,500    $ 5.25    October 22, 2018    Exercisable as to all shares upon grant

Francis W. Slate

    Stock Option    1,500    $ 5.25    October 22, 2018    Exercisable as to all shares upon grant

 

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, we have duly caused this Report to be signed on our behalf by the undersigned thereunto duly authorized.

 

    BANK OF THE CAROLINAS CORPORATION
                              (Registrant)
Date: October 28, 2008     By:  

/S/ Michelle L. Clodfelter

      Michelle L. Clodfelter
      Vice President and Principal Financial Officer

 

3

-----END PRIVACY-ENHANCED MESSAGE-----