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): October 19, 2005
FOUR OAKS FINCORP, INC.
(Exact name of registrant as specified in its charter)
North Carolina 000-22787 56-2028446
(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification Number)
6114 U.S. 301 South
Four Oaks, North Carolina 27524
(Address of principal executive offices) (Zip Code)
(919) 963-2177
Registrant's telephone number, including area code
N/A
(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:
[ ] 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 8.01 Other Events.
On October 19, 2005, Four Oaks Fincorp, Inc. issued a press release announcing
that its Board of Directors approved a five-for-four stock split of its common
stock, which represents a 25% stock dividend. The split is payable on November
25, 2005 to shareholders of record on November 9, 2005. The full text of the
press release is set forth in Exhibit 99.1 hereto and is incorporated herein by
reference.
In accordance with Rule 416(b) promulgated under the Securities Act of 1933, as
amended (the "Securities Act"), the number of shares of common stock registered
for sale under the Securities Act by the following Registration Statements on
Form S-8 will be deemed to be increased by the stock split to cover the
additional shares resulting from the application of the stock split to the
registered shares of common stock remaining unsold under the Registration
Statements listed below as of November 25, 2005:
Registration Statement on Form S-8 (file no. 333-30677) filed with the
Securities and Exchange Commission on July 2, 1997.
Registration Statement on Form S-8 (file no. 333-69792) filed with the
Securities and Exchange Commission on September 21, 2001.
The foregoing Registration Statements, each of which incorporates this Current
Report on Form 8-K, are hereby amended pursuant to Rule 416(b) promulgated under
the Securities Act to increase the number of shares of common stock registered
thereunder to reflect the effects of the stock split.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
Exhibit No. Description
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99.1 Press Release issued on October 19, 2005
SIGNATURE
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.
FOUR OAKS FINCORP, INC.
By: /s/ Ayden R. Lee, Jr.
---------------------------------
Ayden R. Lee, Jr.
President and Chief Executive Officer
Date: October 19, 2005
EXHIBIT INDEX
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Exhibit No. Description
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99.1 Press Release issued on October 19, 2005