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 31, 2003 -------------- Greer Bancshares Incorporated ----------------------------- (Exact name of registrant as specified in its charter) South Carolina 000-33021 57-1126200 - -------------------------------------------------------------------------------- (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification No.) incorporation) 1111 W. Poinsett Street, Greer, South Carolina 29650 ---------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (864) 877-2000 -------------- Not Applicable -------------- (Former name or former address, if changed since last report.) Item 5. Other Events. On March 31, 2003, the Board of Directors of Greer Bancshares Incorporated, the parent company of Greer State Bank, declared an annual cash dividend of 70 cents per share, to be paid in semi-annual payments of 35 cents per share on May 15, 2003 and November 15, 2003, to shareholders of record on April 15, 2003 and October 15, 2003 respectively. A copy of this press release is attached as Exhibit 99.1 to this Form 8-K. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) The following information is filed as an exhibit to the Current Report on Form 8-K: Exhibit No. 99.1 - Description: Press release issued March 31, 2003 2 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. GREER BANCSHARES INCORPORATED By: /s/ R. Dennis Hennett -------------------------------------------- Name: R. Dennis Hennett Title: President and Chief Executive Officer Dated: April 2, 2003 3