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 4, 2007
FOUR OAKS FINCORP, INC.
(Exact name of registrant as specified in its charter)
North Carolina 000-22787 56-2028446
(State or other jurisdiction of (Commission File (I.R.S. Employer
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 4, 2007, Four Oaks Fincorp, Inc. issued a press release announcing
that its Board of Directors approved a 10% stock dividend of its common stock on
October 3, 2007. The dividend is payable on November 9, 2007 to shareholders of
record on October 30, 2007. The full text of the press release is set forth in
Exhibit 99.1 hereto and 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 10, 2006:
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
----------- -----------
99.1 Press Release issued on October 4, 2007
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.
Chairman, President and Chief Executive Officer
Date: October 4, 2007
EXHIBIT INDEX
-------------
Exhibit No. Description
- ----------- -----------
99.1 Press Release issued on October 4, 2007