UNITED STATES 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 4, 2003 PEOPLES BANCORP OF NORTH CAROLINA, INC. -------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) NORTH CAROLINA 000-27205 56-2132396 -------------- --------- ---------- (State or Other Jurisdiction (Commission File No.) (IRS Employer of Incorporation) Identification No.) 518 WEST C STREET NEWTON, NORTH CAROLINA 28658 ------------------------ ----- (Address of Principal Executive Offices) (Zip Code) (828) 464-5620 -------------- (Registrant's Telephone Number, Including Area Code) ITEM 5. OTHER EVENTS. On September 4, 2003, Peoples Bancorp of North Carolina, Inc. (the "Company") issued a press release announcing the resignation of John H. Elmore, Jr. from the board of directors of the Company and its wholly-owned subsidiary, Peoples Bank (the "Bank"). A copy of the press release making this announcement is attached as Exhibit 99.1. Item 7. Financial Statements and Other Exhibits. Exhibit 99.1 -- Press Release dated September 4, 2003. 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. PEOPLES BANCORP OF NORTH CAROLINA, INC. Date: September 5, 2003 By: /s/ A. Joseph Lampron ------------------------------------ A. Joseph Lampron Executive Vice President and Chief Financial Officer