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 16, 2006
GREAT PEE DEE BANCORP, INC.
---------------------------
(Exact Name of Registrant as Specified in Charter)
Delaware 000-23521 56-2050592
- ----------------------- ------------------ -------------------
(State or Other Jurisdiction) (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
901 Chesterfield Highway, Cheraw, South Carolina 29520
- ------------------------------------------------ -----
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (843) 537-7656
--------------
Not Applicable
---------------
(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 (see General 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 1.01. Entry Into a Material Definitive Agreement
------------------------------------------
On March 16, 2006, the Board of Directors of Sentry Bank & Trust (the
"Bank"), the wholly-owned subsidiary of Great Pee Dee Bancorp, Inc., determined
to hold board meetings monthly instead of twice monthly. To reflect this change,
the Board of Directors approved fees consisting of $150 for each board meeting
attended plus a monthly retainer of $850, with a monthly retainer of $1,750 for
the Chairman of the Board. Previously, the Bank paid a monthly retainer of $700
($1,600 for the Chairman of the Board), plus $150 for each meeting attended.
Item 9.01. Financial Statements and Exhibits
---------------------------------
None.
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.
GREAT PEE DEE BANCORP, INC.
DATE: March 20, 2006 By: \s\ John M. Digby
------------------------------------
John M. Digby
Chief Financial Officer