-----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, TL15Ym2s26+BqQmxZ2a7eImjOxN5MXvy3c1rH058zLRxV14sE8WZaGd5+7rVmkVo iSY14zEnAXUjVPwSYEqFFQ== 0000950144-03-013203.txt : 20031120 0000950144-03-013203.hdr.sgml : 20031120 20031120172218 ACCESSION NUMBER: 0000950144-03-013203 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031120 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031120 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMMUNITY BANCSHARES INC /DE/ CENTRAL INDEX KEY: 0000752195 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 630868361 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16461 FILM NUMBER: 031016152 BUSINESS ADDRESS: STREET 1: MAIN ST P O BOX 1000 CITY: BLOUNTSVILLE STATE: AL ZIP: 35031 BUSINESS PHONE: 2054291000 MAIL ADDRESS: STREET 1: MAIN STREET PO BOX 1000 CITY: BLOUNTSVILLE STATE: AL ZIP: 35031 FORMER COMPANY: FORMER CONFORMED NAME: BLOUNTSVILLE BANCSHARES INC DATE OF NAME CHANGE: 19860602 8-K 1 g86051e8vk.txt COMMUNITY BANCSHARES, INC. 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 20, 2003 (November 20, 2003) ---------------------- COMMUNITY BANCSHARES, INC. (Exact Name of Registrant as Specified in Its Charter) DELAWARE 0-16461 63-0868361 (State or Other Jurisdiction (Commission File Number) (I.R.S. Employer of Incorporation) Identification Number) 68149 MAIN STREET BLOUNTSVILLE, ALABAMA 35031 (Address of Principal Executive Offices) (205) 429-1000 (Registrant's Telephone Number, Including Area Code) NOT APPLICABLE (Former Name or Former Address, If Changed From Last Report) ITEM 5. OTHER EVENTS On November 20, 2003 the Board of Directors of the Registrant received a letter (the "Letter") dated November 14, 2003 from Kennon R. Patterson, Sr., former Chairman, President and CEO of the Registrant, stating that Mr. Patterson has taken an immediate leave of absence from the Registrant's Board of Directors, pending the disposition of the charges against him contained in an indictment issued by a federal grand jury on October 29, 2003. In the Letter Mr. Patterson said that he would not seek or accept a new term as a director if his current term expires prior to a final resolution of the charges against him. A copy of the Letter is filed as Exhibit 99.1 hereto and is incorporated herein by reference. Mr. Patterson's employment with the Registrant and its subsidiary, Community Bank, was terminated on January 27, 2003, and Mr. Patterson was removed as a director of Community Bank on February 6, 2003. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) The following exhibits are filed herewith: Exhibit Number Description - -------------- ----------- 99.1 Letter from Kennon R. Patterson, Sr. to the Registrant's Board of Directors dated November 14, 2003 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. COMMUNITY BANCSHARES, INC. By: /s/ Patrick M. Frawley ----------------------------------------------- Patrick M. Frawley Chairman, Chief Executive Officer and President Date: November 20, 2003 EXHIBIT INDEX Exhibit Number Description - -------------- ----------- 99.1 Letter from Kennon R. Patterson, Sr. to the Registrant's Board of Directors dated November 14, 2003 EX-99.1 3 g86051exv99w1.txt EX-99.1 LETTER FROM KENNON R. PATTERSON, SR. EXHIBIT 99.1 November 14, 2003 Board of Directors Community Bancshares, Inc. Post Office Box 1000 Blountsville, AL 35031 Dear Board Members: This is to inform you that, effective immediately, I am taking a leave of absence from my position and duties as a director of Community Bancshares, Inc., Blountsville, Alabama. This leave of absence will remain in effect until the final disposition of the charges in the indictment issued against me by the grand jury in the United States District Court for the Northern District of Alabama on October 29, 2003. During the term of my leave of absence, I agree not to vote for a director, serve as an officer, director or otherwise participate in any manner in the conduct of the affairs of Community Bancshares, Inc., any nonbank subsidiary thereof, Community Bank, Blountsville, Alabama or any institution specified in section 8(e)(7)(A) of the Federal Deposit Insurance Act, as amended (12 U.S.C. 1818(e)(7)(A)). In the event that my term of office as a director of Community Bancshares, Inc. ends before the final disposition of the indictment, I will not seek or accept a new term as a director of Community Bancshares, Inc. Sincerely, /s/ Kennon R. Patterson, Sr. Kennon R. Patterson, Sr. KRP:jo cc: Mr. Dwight Blackwood Federal Reserve Bank of Atlanta -----END PRIVACY-ENHANCED MESSAGE-----