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): March 18, 1999
CAROLINA FIRST BANCSHARES, INC.
(Exact Name of Registrant as Specified in its Charter)
North Carolina 0-17939 56-165582
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(State or Other (Commission (I.R.S Employer
Jurisdiction of File Number) Identification No.
Incorporation)
236 East Main Street, Lincolnton, N.C. 28092
(Address of Principal Executive Offices, including zip code)
(704) 732-2222
(Registrant's Telephone Number, including area code)
Item 5. Other Events
Effective March 18, 1999, L.D. Warlick, Jr. has been appointed as Chairman of
the Board of Directors of the Company. Exhibit 99.1
FOR RELEASE: March 18, 1999
CONTACT: James E. Burt, III
Carolina First BancShares, Inc.
(704) 732-2222
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L.D. "Bud" Warlick, Jr. was elected Chairman of the Board of Directors of
Carolina First BancShares, Inc. the parent company of Lincoln Bank, Cabarrus
Bank and Community Bank & Trust Co. He replaces James E. Burt, III, acting
Chairman, who continues in his capacity as President and Chief Executive Officer
of the Company.
Bud Warlick is a native of Lincoln County and has been a director of
Lincoln Bank since 1983 when the bank opened and has also served on the holding
company board since the Company was formed in 1988. Mr. Warlick and his family
have been active supporters of the bank and he has chaired numerous committees
and other activities that have contributed to the bank's growth and development.
Mr. Warlick is a graduate of the University of North Carolina and is
married to the former Mollie Goldsmith. They have three children, Dave Warlick,
III, 32, Laura Warlick, 21 and Sarah Warlick, 19. The Warlicks are members of
First Presbyterian Church where Mr. Warlick is an Elder.
Subject is a past president of the Rotary Club and past chairman of the
Lincoln County Hospital Board. He has served as chairman of the United Way, The
Lincoln County Red Cross and the Heart Fund and a recipient of the Jaycee
Distinguished Service Award. In the public arena, he has served on the County
Board of Commissioners and the Board of Education.
In accepting the chairmanship of the Board, Mr. Warlick stated, "I am most
honored the Board of Directors elected me as its Chairman and pledge to continue
the policies and practices that have made our Company so successful".
Carolina First is the parent company of Lincoln Bank of North Carolina and
Cabarrus Bank of North Carolina and Community Bank & Trust Co. with 31 offices
serving the heart of Carolina. Its stock is listed in the Interdealer stock
section and carries the symbol CAFP in the over-the-counter market (pink
sheets).
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 thereunto duly authorized.
CAROLINA FIRST BANCSHARES, INC.
(Registrant)
By: /s/ Jan H. Hollar
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Jan H. Hollar
Senior Vice President & Treasurer
Date: March 19, 1999
INDEX TO EXHIBITS
Exhibit
99.1 Press Release