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): SEPTEMBER 18, 2001
PEOPLES BANCORP OF NORTH CAROLINA, INC.
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(Exact Name of Registrant as Specified in Its Charter)
NORTH CAROLINA 000-27205 56-2132396
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(State or Other Jurisdiction (Commission File No.) (IRS Employer
of Incorporation) Identification No.)
518 WEST C STREET
NEWTON, NORTH CAROLINA 28658
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(Address of Principal Executive Offices) (Zip Code)
(828) 464-5620
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(Registrant's Telephone Number, Including Area Code)
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
Peoples Bank, Newton, NC the operating subsidiary of Peoples Bancorp of
North Carolina, Inc. (Nasdaq: PEBK) has announced new titles and definitions for
the Bank's most senior executive officers. The new titles and definitions and
related appointments are intended to prepare the Bank for future growth and the
accomplishment of strategic initiatives.
The Bank's senior executive officers will be President and Chief Executive
Officer, Executive Vice President and Chief Administrative Officer, Executive
Vice President and Chief Financial Officer, Executive Vice President and Chief
Banking Officer, Executive Vice President and Chief Operations Officer, and
Secretary.
The persons who will serve in these positions are as follows:
President and CEO Tony W. Wolfe
Executive Vice President and
Chief Administrative Officer Joseph F. Beaman, Jr.
Executive Vice President and
Chief Banking Officer Lance A. Sellers
Executive Vice President and
Chief Operations Officer William D. Cable
Secretary Joseph F. Beaman, Jr.
The Bank expects to name a new Executive Vice President and Chief Financial
Officer in the future. In the meantime, Tony Wolfe will serve as interim Chief
Financial Officer.
It is expected that the Bank's parent company, Peoples Bancorp of North
Carolina, Inc. will adopt the same officer positions and appoint the same
officers to fill them at its next meeting.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PEOPLES BANK
By: /s/ Tony W. Wolfe
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Tony W. Wolfe
Date: September 21, 2001 President and CEO
This Form 8-K contains forward-looking statements. These statements are
subject to certain risks and uncertainties that could cause actual results to
differ materially from those anticipated in the forward-looking statements.
Factors that might cause such a difference include, but are not limited to,
changes in interest rate environment, management's business strategy, national,
regional, and local market conditions and legislative and regulatory conditions.
Readers should not place undue reliance on forward-looking statements,
which reflect management's view only as of the date hereof. The Company
undertakes no obligation to publicly revise these forward-looking statements to
reflect subsequent events or circumstances. Readers should also carefully
review the risk factors described in other documents the Company files from time
to time with the Securities and Exchange Commission.