UNITED STATES
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): March 31, 2008
CORNERSTONE BANCORP
Incorporated under the Commission File No. 333-79543 I.R.S. Employer
laws of South Carolina Identification No.
57-1077978
1670 East Main Street
Easley, South Carolina 29640
(864) 306-1444
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))
Section 5 - Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
(b) On March 31, 2008, Ben L. Garvin, President of the Registrant's
subsidiary, Cornerstone National Bank, retired. Mr. Garvin is concurrently
resigning from the board of directors of the Registrant.
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.
CORNERSTONE BANCORP
(Registrant)
Date: March 31, 2008 By: s/J. Rodger Anthony
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J. Rodger Anthony
Chief Executive Officer