UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): May 22, 2009
ATLANTIC COAST FEDERAL CORPORATION
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(Exact name of Registrant as specified in its charter)
Federal 000-50962 59-3764686
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
505 Haines Avenue, Waycross, Georgia 31501
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(Address of principal executive offices)
(800) 342-2824
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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))
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFCIERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
(b) On May 22, 2009, Dawna R. Miller resigned as Senior Vice President and Chief
Financial Officer of Atlantic Coast Federal Corporation (the "Company"), its
mutual holding company parent, Atlantic Coast Federal, MHC (the "MHC") and its
wholly owned subsidiary, Atlantic Coast Bank (the "Bank"), to pursue other
opportunities.
(c) On May 22, 2009, the Company appointed Thomas B. Wagers, Sr., age 52, Senior
Vice President and Chief Financial Officer of the Company, the MHC and the Bank.
Mr. Wagers was formerly Chief Operating Officer of the Bank. In connection with
the appointment of Mr. Wagers to the post of Senior Vice President and Chief
Financial Officer, he will relinquish most of his prior responsibilities as
Chief Operating Officer. Day-to-day oversight of the Company's marketing and
human resource functions will return to President and Chief Executive Officer
Robert J. Larison, Jr., while Carl W. Insel, Executive Vice President -
Commercial Lending, will resume responsibility for the retail branch network.
Mr. Wagers has served as Chief Operating Officer of the Bank since his
appointment in December 2006 and previously served as Vice President of Finance
beginning in June 2004. Prior to joining the Bank, Mr. Wagers, who is a
Certified Public Accountant, was an independent accounting consultant from
August 2002 until May 2004 and also was in various senior financial positions
with Barnett Banks of Florida for 12 years. Including his time with the Company,
Mr. Wagers has approximately 17 years of banking experience.
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.
ATLANTIC COAST FEDERAL CORPORATION
Date: May 26, 2009 By: /s/ Robert J. Larison, Jr.
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Robert J. Larison, Jr.
President and Chief Executive Officer
(Duly Authorized Representative)