SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): June 23, 2005
DEKALB BANKSHARES, INC.
(Exact name of registrant as specified in its charter)
Incorporated under the Commission File No. 000-50466 I.R.S. Employer
laws of South Carolina Identification No.
61-1444253
631 West DeKalb Street
Camden, South Carolina 29020
(Address of principal executive offices)
Telephone: 803-432-7575
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))
Section 1 - Registrant's Business and Operations
Item 1.01 Entry into a Material Definitive Agreement
On June 23, 2005 the registrant granted stock options to William C.
Bochette, III, its chief executive officer. The options are for the purchase of
20,000 shares of the common stock of the registrant for $11.50 per share and the
options expire June 23, 2015. The options were issued under The Bank of Camden
2001 Stock Option Plan.
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, hereunto duly authorized.
DEKALB BANKSHARES, INC.
(Registrant)
Date: June 28, 2005 By: s/William C. Bochette, III
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William C. Bochette, III
Chief Executive Officer, President,
and Chief Financial Officer