| 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): October 18, 2012 | |
| Peoples Bancorp of North Carolina, Inc. | |
| (Exact Name of Registrant as Specified in Its Charter) | |
| North Carolina | |
| (State or Other Jurisdiction of Incorporation) | |
| 000-27205 | 56-2132396 |
| (Commission File No.) | (IRS Employer Identification No.) |
| 518 West C Street, Newton, North Carolina | 28658 |
| (Address of Principal Executive Offices) | (Zip Code) |
| (828) 464-5620 | |
| (Registrant’s Telephone Number, Including Area Code) | |
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: | |
| 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)) |
| Peoples Bancorp of North Carolina, Inc. | |||
| INDEX | |||
| Page | |||
| Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 3 | ||
| Signatures | 4 | ||
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On October 18, 2012, the Board of Directors of Peoples Bancorp of North Carolina, Inc. (the “Company”) appointed Lance A. Sellers to the role of President and CEO of the Company and Peoples Bank (“the Bank”) effective November 1, 2012.
Mr. Sellers, age 50, currently serves as Executive Vice President and Assistant Corporate Secretary of the Company and Executive Vice President and Chief Credit Officer of the Bank. He has been employed by the Company and the Bank since 1998.
Peoples Bank has an existing Employment Agreement with Mr. Sellers. The terms of such Employment Agreement are disclosed in the Company's 2012 proxy statement as filed with the Securities and Exchange Commission on April 2, 2012.
Disclosure about forward-looking statements
This Form 8-K contains forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, changes in interest rate environment, management’s business strategy, national, regional, and local market conditions and legislative and regulatory conditions.
Readers should not place undue reliance on forward-looking statements, which reflect management’s view only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. Readers should also carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission.
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| 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. |
| PEOPLES BANCORP OF NORTH CAROLINA, INC. | |||
| Date: October 23, 2012 | By: | /s/ A. Joseph Lampron, Jr. | |
| A. Joseph Lampron, Jr. | |||
| Executive Vice President and Chief Financial Officer | |||
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