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
Date of Report (Date of earliest event reported): August 5, 2005
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UNITED TENNESSEE BANKSHARES, INC.
(Exact Name of Registrant as Specified in Charter)
Tennessee 0-23551 62-1710108
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(State or Other Jurisdiction of (Commission (I.R.S. Employer
Incorporation or Organization) File Number) Identification Number)
344 W. Broadway, Newport, Tennessee 37821-0249
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (423)623-6088
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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 (see General Instruction A.1. 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 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
Item 3.01 Notice of Delisting or Failure to Satisfy A Continued Listing
Rule or Standard; Transfer of Listing.
On August 4, 2005, United Tennessee Bankshares, Inc. (the "Company") was
telephonically notified by the Nasdaq Listing Qualifications Department that the
Company's July 26, 2005 certification of compliance under Nasdaq Marketplace
Rule 4350 (the "Rule") did not comply with the audit, compensation and
nominating committee requirements set forth under the Rule. Accordingly, at a
meeting of its Board of Directors on August 5, 2005, the Company revised its
audit and compensation committee composition as well as its nomination process
to comply with the Rule and submitted to Nasdaq a new certification of
compliance with the Rule and separately set forth the steps the Company has
taken to comply with the Rule.
In written correspondence to the Company dated August 5, 2005, Nasdaq confirmed
that the Company was now in compliance with Nasdaq's requirements under the Rule
and the matter closed.
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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.
UNITED TENNESSEE BANKSHARES, INC.
Dated: August 9, 2005 By:/s/ Richard G. Harwood
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Richard G. Harwood
President and Chief Executive Officer
(Duly Authorized Representative)