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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): June 6, 2006
AMERICASBANK CORP.
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(Exact Name of Registrant as Specified in Its Charter)
Maryland 0-22925 52-2090433
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(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
500 York Road, Towson, Maryland 21204
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(Address of principal executive offices) (Zip Code)
(410) 823-0500
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(Registrant's telephone number, including area code)
Not Applicable
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(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:
[ ] 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))
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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
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On June 6, 2006, at the 2006 Annual Meeting of Stockholders (the "Annual
Meeting") of AmericasBank Corp. (the "Company"), the Company's stockholders
approved an amendment to the Company's 2004 Stock Incentive Plan (the "Incentive
Plan"). The amendment increased the number of shares authorized under the Plan
from 320,780 to 800,000. The material terms and conditions of the Incentive Plan
and the amendment to increase the number of shares available for issuance under
the Incentive Plan are disclosed in Proposal 2 of the proxy statement for the
Annual Meeting as filed with the Securities and Exchange Commission on April 28,
2006, which disclosure is incorporated herein by reference.
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SIGNATURE
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.
AMERICASBANK CORP.
Date: June 12, 2006 By: /s/ A. Gary Rever
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A. Gary Rever
Executive Vice President and
Chief Financial Officer