UNITED STATES
SECURITIESAND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANTTO SECTION 13OR 15(d)OFTHE
SECURITIES EXCHANGE ACTOF 1934
Date of Report (Date of earliest event reported): October 22, 2008
BANKOFTHE CAROLINAS CORPORATION
(Exact name of registrant as specified in its charter)
North Carolina | 000-52195 | 20-4989192 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
135 Boxwood Village Drive Mocksville, North Carolina | 27028 | |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (336) 751-5755
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 8.01. | Other Events. |
On October 22, 2008, our Board of Directors approved the grant of stock options under our 2007 Omnibus Equity Plan to our outside directors as described in the following table:
Name | Type of Award | Number of Shares | Exercise Price | Expiration Date | Other Terms | ||||||
Jerry W. Anderson | Stock Option | 1,500 | $ | 5.25 | October 22, 2018 | Exercisable as to all shares upon grant | |||||
Alan M. Bailey | Stock Option | 1,500 | $ | 5.25 | October 22, 2018 | Exercisable as to all shares upon grant | |||||
William A. Burnette | Stock Option | 1,500 | $ | 5.25 | October 22, 2018 | Exercisable as to all shares upon grant | |||||
John A. Drye | Stock Option | 1,500 | $ | 5.25 | October 22, 2018 | Exercisable as to all shares upon grant | |||||
Thomas G. Fleming | Stock Option | 1,500 | $ | 5.25 | October 22, 2018 | Exercisable as to all shares upon grant | |||||
John W. Googe | Stock Option | 1,500 | $ | 5.25 | October 22, 2018 | Exercisable as to all shares upon grant | |||||
Henry H. Land | Stock Option | 1,500 | $ | 5.25 | October 22, 2018 | Exercisable as to all shares upon grant | |||||
Steven G. Laymon | Stock Option | 1,500 | $ | 5.25 | October 22, 2018 | Exercisable as to all shares upon grant | |||||
Grady L. McClamrock, Jr. | Stock Option | 1,500 | $ | 5.25 | October 22, 2018 | Exercisable as to all shares upon grant | |||||
Lynne Scott Safrit | Stock Option | 1,500 | $ | 5.25 | October 22, 2018 | Exercisable as to all shares upon grant | |||||
Francis W. Slate | Stock Option | 1,500 | $ | 5.25 | October 22, 2018 | Exercisable as to all shares upon grant |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, we have duly caused this Report to be signed on our behalf by the undersigned thereunto duly authorized.
BANKOFTHE CAROLINAS CORPORATION | ||||||
(Registrant) | ||||||
Date: October 28, 2008 | By: | /S/ Michelle L. Clodfelter | ||||
Michelle L. Clodfelter | ||||||
Vice President and Principal Financial Officer |
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