- Current report filing (8-K)
May 12 2009 - 10:47AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 6, 2009
CNB CORPORATION
Incorporated under the Commission File No. 2-96350 I.R.S. Employer
laws of South Carolina Identification No.
57-0792402
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P.O. Box 320
Conway, South Carolina 29528
Telephone: 843-248-5271
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))
Section 3 - Securities and Trading Markets
Item 3.02 Unregistered Sales of Equity Securities
The Company began a limited offering of up to 25,000 shares of the
Company's Common Stock, $10.00 par value per share, in March, 2009. The offering
price is $158.00 per share with a minimum purchase of 25 shares, or $3,950, and
an aggregate offering amount of $3,950,000. On May 6, 2009, the aggregate number
of shares sold to date exceeded one percent of total shares outstanding at
commencement of the offering. There were no underwriting discounts or
commissions. The shares were offered to and purchased by selected accredited
investors and nonaccredited investors employed by or having a business
relationship with the Company (limited to 35 purchasers). The shares were
offered in reliance upon the exemption from registration provided by Section
4(2) of the Securities Act of 1933 and Rule 506 thereunder.
The dates on which shares were sold, and the number of shares sold on
each such date were as follow:
Date No. Shares Issued
---- -----------------
3/23/09 300
3/31/09 100
4/1/09 350
4/2/09 500
4/3/09 150
4/7/09 300
4/8/09 200
4/9/09 550
4/13/09 100
4/14/09 300
4/15/09 600
4/20/09 900
4/21/09 1225
4/23/09 300
4/30/09 833
5/1/09 450
5/4/09 327
5/5/09 425
5/6/09 400
5/7/09 100
5/8/09 1000
----
TOTAL 9410
AGGREGATE PROCEEDS $1,486,780.00
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SIGNATURE
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.
CNB Corporation
(Registrant)
Date: May 11, 2009 By: s/L. Ford Sanders, II
------------------------------------------------
L. Ford Sanders, II
Executive Vice President, Chief Financial
Officer and Treasurer
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