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EX-99.1 - VINEYARD NATIONAL BANCORP | v171745_ex99-1.htm |
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): January 15, 2010
Vineyard
National Bancorp
(Exact
name of registrant as specified in its charter)
California
|
33-0309110
|
(State
or other jurisdiction of
incorporation
or organization)
|
(I.R.S.
employer
identification
number)
|
Commission
file number: 000-20862
4000
Barranca Parkway, Suite 250
Irvine,
California 92604
(Address
of principal executive offices and zip code)
Registrant’s
telephone number, including area code: (949) 262-3270
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligations 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 1.03
Bankruptcy
or Receivership.
As a
result of factors which the Company has previously disclosed, during the period
in which the Company is unable to file reports which comply with the
requirements of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), the Company intends in lieu thereof to file copies of its Chapter 11
Monthly Operating Reports (each, a “Report”) which are required to be submitted
to the Office of the United States Trustee (“OUST”) under cover of Current
Reports on Form 8-K.
On
January 15, 2010 the Company filed its unaudited Report for the month of
December 2009 with the OUST as required by the OUST Guidelines. A
copy of the Report is attached hereto as Exhibit 99.1 to this Current Report on
Form 8-K.
The
Report is limited in scope, covers a time period which is shorter or otherwise
different from that which is required for reports filed pursuant to the Exchange
Act, and has been prepared solely for the purpose of complying with reporting
requirements of the Guidelines of the OUST, the Bankruptcy Court, and the
Bankruptcy Code, 11 U.S.C. §§ 101 -1532 and does not therefore comply with the
requirements of the Exchange Act. The financial information contained
in the Report is preliminary and unaudited and does not purport to show the
financial statements of the Company in accordance with generally accepted
accounting principals in the United States of America (“GAAP”) and, therefore,
may exclude items required by GAAP. The Company cautions readers not
to place undue reliance on the Report. The Report (i) may be subject
to revision, (ii) is in a format required by the Bankruptcy Court, the OUST, and
the Bankruptcy Code and should not be used for investment purposes, and (iii)
should not be viewed as indicative of future results. Based upon the
amount of the Company’s assets and liabilities at the date of the filing of the
voluntary Chapter 11 petition, it is believed that the Company’s equity
securities will have no value and that any Chapter 11 plan approved by the
Bankruptcy Court will not include distributions to the Company’s shareholders of
cash or property of value.
This
Current Report on Form 8-K includes certain statements which may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 and the Federal securities
laws. Although the Registrant believes that the expectations
reflected in such forward-looking statements are based upon reasonable
assumptions it can give no assurance that its expectations will be
achieved. Forward-looking information is subject to certain risks,
trends and uncertainties that could cause actual results to differ materially
from those projected. For forward-looking statements herein, the
Registrant claims the protection of the safe harbor for forward-looking
statements contained in the Private Securities Litigation Reform Act of 1995 and
other protections under the Federal securities laws. The Registrant
assumes no obligation to update or supplement any forward-looking statements
whether as a result of new information, future events or otherwise.
Limitation
on Incorporation by Reference
The
Report is being furnished for informational purposes only and shall not be
deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise
subject to the liabilities of that section, nor shall it be deemed incorporated
by reference in any filing under the Securities Act of 1933, as
amended. Registration statements and other documents filed with the
Securities and Exchange Commission shall not incorporate the Report or any other
information set forth in this Current Report on Form 8-K by reference, except as
otherwise expressly stated in such filing.
Item 9.01
Financial
Statements and Exhibits.
(d)
Exhibits
EXHIBIT
NUMBER
|
DESCRIPTION
|
|
99.1
|
Monthly
Operating Report for the month of December
2009.
|
2
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Vineyard
National Bancorp
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(Registrant)
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Dated:
January 15, 2010
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By:
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/s/
James G. LeSieur III
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||
Name:
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James
G. LeSieur III
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|||
Title:
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Chief
Financial Officer
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3
EXHIBIT
INDEX
EXHIBIT
NUMBER
|
DESCRIPTION
|
|
99.1
|
Monthly
Operating Report for the month of December
2009.
|
4