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) June 14, 2005
Beach First National Bancshares, Inc.
(Exact Name of Registrant as Specified in Its Charter)
South Carolina
(State or Other Jurisdiction of Incorporation)
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| | | 000-22503 | | | 58-1030117 | | |
| | | | (Commission File Number) | | | (IRS Employer Identification No.) | | |
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| | | 1550 Oak Street, Myrtle Beach, South Carolina
(Address of Principal Executive Offices) | | | | 29577
(Zip Code) | |
(843) 626-2265
(Registrant's Telephone Number, Including Area Code)
(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 (seeGeneral Instruction A.2. below):
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 June 14, 2005, Beach First National Bancshares, Inc. closed the sale of 1,150,000 shares of its common stock at $18.75 per share in a firm commitment underwritten offering sole managed by Sandler O’Neill & Partners, L.P. The company received net proceeds from the offering of approximately $20 million after deducting underwriting discounts and expenses. Net proceeds from the offering will be used for general corporate purposes, which may include, among other things, providing additional capital to the company’s subsidiary, Beach First National, to support asset growth.
On June 6, 2005, the company’s application for listing its common stock on The Nasdaq National Market was approved. The company’s common stock commenced trading on Nasdaq under the symbol “BFNB” on June 9, 2005.
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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.
Dated: June 14, 2005 | | BEACH FIRST NATIONAL BANCSHARES, INC.
By: /s/ Richard N. Burch
Richard N. Burch
Chief Financial Officer |
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