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): April 25, 2003
KS Bancorp, Inc.
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(Exact Name of Registrant as Specified in Its Charter)
North Carolina 000-22734 56-1842707
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(State or Other Jurisdiction (Commission File No.) (IRS Employer
of Incorporation) Identification No.)
207 W Second Street
Kenly, North Carolina 27542
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(Address of Principal Executive Offices) (Zip Code)
(919) 284-4157
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(Registrant's Telephone Number, Including Area Code)
KS Bancorp, Inc.
INDEX
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Page
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Item 7 - Financial Statements and Exhibits 3
Item 9 - Regulation FD Disclosure 3
(Item 9(b)--disclosure pursuant to Item 12,
Results of Operations and Financial Condition)
Signatures 4
Exhibit 99(a) Press Release dated April 25, 2003 5
Exhibit 99(b) Press Release dated April 25, 2003 6
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Item 7. Financial Statements and Exhibits
(c) Exhibits
(99)(a) Press Release, dated April 25, 2003
(99)(b) Press Release, dated April 25, 2003
Item 9. Regulation FD Disclosure
(a) On April 25, 2003, KS Bancorp, Inc. declared a quarterly dividend
of $0.16 per share for shareholders of record on May 2, 2003 with payment to be
made on May 6, 2003.
A copy of the press release announcing the quarterly dividend is attached hereto
as Exhibit (99)(a) and is incorporated by reference herein.
(b) (disclosing information pursuant to Item 12, Results of Operations
and Financial Condition)
On April 25, 2003, KS Bancorp, Inc., issued a press release announcing
first quarter earnings.
A copy of the press release announcing first quarter earnings is attached hereto
as Exhibit (99)(b) and is incorporated by reference herein.
Disclosure about forward-looking statements
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.
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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.
KS BANCORP, INC.
Date: April 25, 2003 By: /s/ Earl W. Worley, Jr.
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Earl W. Worley, Jr.
Chief Financial Officer
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