-----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, Q0O4QgH72Y1UjBHM8BKwpkO+yj6eTFlGXnuz3g8nTS4amjMfRxnRv2PIXJFKC2nH mEMBeEu9x3MmB9kVVU7QBQ== 0000919805-00-000013.txt : 20000509 0000919805-00-000013.hdr.sgml : 20000509 ACCESSION NUMBER: 0000919805-00-000013 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000630 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COASTAL BANCORP INC CENTRAL INDEX KEY: 0000919805 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036] IRS NUMBER: 760428727 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-24526 FILM NUMBER: 621864 BUSINESS ADDRESS: STREET 1: 5718 WESTHEIMER STREET 2: SUITE 600 CITY: HOUSTON STATE: TX ZIP: 77057 BUSINESS PHONE: 7134355000 MAIL ADDRESS: STREET 1: 5718 WESTHEIMER STREET 2: SUITE 600 CITY: HOUSTON STATE: TX ZIP: 77057 FORMER COMPANY: FORMER CONFORMED NAME: COASTAL BANC SAVINGS ASSOCIATION DATE OF NAME CHANGE: 19970110 FORMER COMPANY: FORMER CONFORMED NAME: COASTAL BANCORP INC/TX/ DATE OF NAME CHANGE: 19940718 8-K 1 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) MAY 8, 2000 ------------- COASTAL BANCORP, INC. --------------------- (Exact name of registrant as specified in charter) TEXAS 0-24526 76-0428727 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.)
5718 WESTHEIMER, SUITE 600, HOUSTON, TEXAS 77057 - -------------------------------------------------- --------------- (Address of Principal executive offices) (Zip Code) Registrant's telephone number including area code (713) 435-5000 ---------------
(Former name or former address, if changed since last report) Not applicable -------------- ITEM 5. OTHER EVENTS. - -------- -------------- On May 1, 2000 Coastal Bancorp, Inc. ("Coastal") announced that it has completed the repurchase of an additional 500,000 shares of its common stock under the repurchase plan announced on February 25, 1999. The average repurchase price was $15.91 which approximates 96% of book value at March 31, 2000. This is the third repurchase authorization of 500,000 shares each since September of 1998. The average repurchase price for the three plans was $15.87 or 95% of book value at March 31, 2000. Coastal through its wholly-owned subsidiary, Coastal Banc Holding Company, Inc., owns 100% of the voting stock of the Bank, a Texas-chartered state savings bank headquartered in Houston. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS - -------- ------------------------------------------------------------------- (a) Financial Statements --------------------- No financial statements are required. (b) Pro Forma Financial Information ---------------------------------- No pro forma financial information is required. (c) Exhibits -------- No. Description --- ----------- 99 Press Release, dated May 1, 2000 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. COASTAL BANCORP, INC. /s/ Catherine N. Wylie Date: May 8, 2000 ------------------------- by: Catherine N. Wylie Sr. Executive Vice President/ Chief Financial Officer COASTAL BANCORP, INC. EXHIBIT 99 PRESS RELEASE OF THE REGISTRANT DATED MAY 1, 2000 NEWS RELEASE FOR IMMEDIATE RELEASE COASTAL BANCORP, INC. ANNOUNCES COMPLETION OF ITS THIRD COMMON STOCK REPURCHASE PLAN AND AUTHORITY FOR A FOURTH PLAN HOUSTON (May 1, 2000) - Coastal Bancorp, Inc. (NASDAQ: CBSA) ("Coastal") announced today that it has completed the repurchase of an additional 500,000 shares of its common stock repurchase plan announced on February 25, 1999. The average repurchase price was $15.91 which approximates 96% of book value at March 31, 2000. This is the third repurchase authorization of 500,000 shares each since September of 1998. The average repurchase price for the three plans was $15.87 or 95% of book value at March 31, 2000. In addition, on April 27, 2000, the Board of Directors authorized the extension of the repurchase plan for up to an additional 500,000 shares. The outstanding shares of common stock will be purchased through an open-market repurchase program and privately negotiated repurchases, if any. Repurchases will be made from time to time when deemed appropriate by the Chief Executive Officer and Chief Financial Officer of Coastal. The timing and volume of the repurchase transactions will depend upon market conditions. Coastal Bancorp, Inc. owns, through its wholly-owned subsidiary, Coastal Banc Holding Company, Inc., 100 percent of the voting stock of Coastal Banc ssb, a Texas-chartered FDIC insured, state savings bank headquartered in Houston. Coastal Banc ssb operates 50 branch offices in metropolitan Houston, Austin, Corpus Christi, the Rio Grande Valley and small cities in the southeast quadrant of Texas. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts contain forward looking information with respect to plans, projections or future performance of the company, the occurrence of which involve certain risks and uncertainties detailed in the company's filings with the Securities and Exchange Commission. # # # # -----END PRIVACY-ENHANCED MESSAGE-----