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: OCTOBER 22, 2003
THE SOUTH FINANCIAL GROUP, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
SOUTH CAROLINA 0-15083 57-0824914
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(STATE OF OTHER JURIS- (COMMISSION (IRS EMPLOYER
DICTION OF INCORPORATION) FILE NUMBER) IDENTIFICATION NUMBER)
102 SOUTH MAIN STREET, GREENVILLE, SOUTH CAROLINA 29601
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (864) 255-7900
1
ITEM 9. REGULATION FD DISCLOSURE
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The South Financial Group, Inc. ("TSFG") may from time to time make
written or oral "forward-looking statements," including statements contained in
TSFG's filings with the Securities and Exchange Commission ("SEC"). Certain
matters set forth in this current report may contain forward-looking statements
that are provided to assist in the understanding of anticipated future financial
performance. These statements, as well as other statements that may be made by
management, include, but are not limited to, factors which may affect earnings,
return goals, expected financial results for mergers, estimates of merger
synergies and merger-related charges, and credit quality assessment. However,
such performance involves risks and uncertainties, such as market deterioration,
that may cause actual results to differ materially from those in such
statements. For a discussion of certain factors that may cause such
forward-looking statements to differ materially from TSFG's actual results, see
TSFG's Annual Report on Form 10-K for the year ended December 31, 2002. TSFG
undertakes no obligation to release revisions to these forward-looking
statements or reflect events or circumstances after the date of such statements.
TSFG hereby furnishes the following information.
On October 22, 2003, TSFG filed a preliminary prospectus supplement
with the SEC for a proposed offering of 5.5 million shares of its common stock,
subject to market and other conditions. TSFG also expects to grant the
underwriters of the proposed offering a 30-day option to purchase up to 825,000
shares to cover over-allotments. TSFG's proposed stock offering is not in
connection with TSFG's recent acquisition of MountainBank Financial Corporation
("MBFC"), which was completed on October 3, 2003. In connection with the MBFC
acquisition, TSFG issued approximately 5.5 million shares of TSFG common stock
to MBFC shareholders.
TSFG expects to meet or exceed the current First Call EPS estimates of
$0.44 for fourth quarter 2003 and $1.93 for 2004.
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.
THE SOUTH FINANCIAL GROUP, INC.
October 24, 2003 By: /s/ William S. Hummers III
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William S. Hummers III
Executive Vice President