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EX-99.1 - EX-99.1 - TIDELANDS BANCSHARES INC | a11-14770_1ex99d1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): June 9, 2011
TIDELANDS BANCSHARES, INC.
(Exact Name of Registrant as Specified in Its Charter)
South Carolina |
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001-33065 |
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02-0570232 |
(State or Other Jurisdiction of Incorporation) |
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(Commission File Number) |
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(I.R.S. Employer Identification) |
875 Lowcountry Boulevard, Mount Pleasant, South Carolina 29464
(Address, Including Zip Code of Principal Executive Offices)
(843) 388-8433
(Registrants Telephone Number, Including Area Code)
Not Applicable
(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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On June 9, 2011, Alan W. Jackson informed Tidelands Bank (the Bank), a wholly-owned subsidiary of Tidelands Bancshares, Inc. (the Holding Company), of his intent to resign as Executive Vice President and Chief Financial Officer of the Bank and the Holding Company effective June 30, 2011. Mr. Jacksons decision to resign was not the result of any dispute or disagreement with the Bank or Holding Company. Mr. Jacksons June 9, 2011 letter of resignation is attached to this report as Exhibit 99.1.
Item 9.01(d) Exhibits
Exhibit No. |
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Description of Exhibit |
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99.1 |
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Letter of Resignation of Alan W. Jackson dated June 9, 2011 |
SIGNATURES
Pursuant to requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized.
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TIDELANDS BANCSHARES, INC. | |
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Date: June 10, 2011 |
By: |
/s/ Thomas H. Lyles |
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Thomas H. Lyles |
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Interim Chief Executive Officer |