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): January 27, 2011
HCSB FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
South Carolina |
| 000-26995 |
| 57-1079444 |
(State or other |
| (Commission |
| (I.R.S. Employer |
jurisdiction of |
| File Number) |
| Identification No.) |
incorporation) |
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5201 Broad Street, Loris, South Carolina 29569
(Address of principal executive offices) (Zip code)
Registrant’s telephone number, including area code: (843) 756-6333
n/a
(Former name or former address, if changed since last report)
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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5.02 Departure of Directors or Certain Officers.
On January 27, 2011, at a regularly scheduled meeting of the Board of Directors, HCSB Financial Corporation (the “Company”) and its subsidiary, Horry County State Bank (the “Bank”), received written notification from Russell R. Burgess, Jr., of his resignation as a Director of the Board of Directors from the Company and the Bank, effective immediately. Mr. Burgess’ decision to resign did not arise or result from any disagreement with the Company or the Bank on any matters relating to the Company’s operations, policies, or practices.
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.
| HCSB FINANCIAL CORPORATION | |
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Dated: January 28, 2011 | By: | /s/ James R. Clarkson |
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| James R. Clarkson |
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| Chief Executive Officer |