- Current report filing (8-K)
April 23 2010 - 4:19PM
Edgar (US Regulatory)
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)
April 21, 2010
Southern
Community Financial Corporation
North
Carolina
|
000-33227
|
56-2270620
|
(State
of Incorporation)
|
(Commission
File Number)
|
(I.R.S.
Employer
|
|
|
Identification
No.)
|
4605
Country Club Road, Winston-Salem, North Carolina
|
|
27104
|
(Address
of principal executive offices)
|
|
(Zip
Code)
|
Issuer's
telephone number: (336) 768-8500
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
5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Year.
On April
21, 2010,
Southern
Community Financial Corporation (NASDAQ: SCMF and SCMFO) (the “Company”), the
parent company for Southern Community Bank and Trust, amended the bylaws at a
board meeting held on April 21, 2010. The amendments (1) add a new
subparagraph (d) to Section 3.2 requiring the Corporation to conduct a review of
a director nominee’s existing loan relationships and other dealings with the
Company prior to their approval as a nominee for election as a director; and (2)
conform Section 3.10 of the bylaws to the recently adopted Securities and
Exchange Commission disclosure requirements for directors. A copy of
the amendments is attached hereto as Exhibit 99.1.
Item
9.01 Financial Statements and Exhibits.
(
d) Exhibits
99.1
Amendments to Sections 3.2 and 3.10 of the Bylaws of the Company dated April 21,
2010
Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, Southern Community
Financial Corporation has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
|
Southern
Community Financial Corporation
|
|
|
April
23, 2010
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By:
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/s/ James
Hastings
|
|
Name:
James Hastings
|
|
Title:
Executive Vice President and Chief Financial
Officer
|
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