UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 19, 2011
Palmetto Bancshares, Inc.
(Exact name of registrant as specified in its charter)
| South Carolina | 0-26016 | 74-2235055 | ||
| State or other jurisdiction of incorporation |
Commission File Number |
IRS Employer I.D. number |
| 306 East North Street, Greenville, South Carolina | 29601 | |
| Address of principal executive offices | Zip Code |
800.725.2265
Registrant’s telephone number
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 (see General Instruction A.2. below):
| ¨ | 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)) |
This Amendment No. 1 on Form 8-K/A (“Amendment No. 1”) is being filed by Palmetto Bancshares, Inc. (the “Company”) to amend the Current Report on Form 8-K filed with the Securities and Exchange Commission on May 19, 2011 (the “Initial Report”). The sole purpose for filing this Amendment No. 1 is to disclose the results of the Company’s Board of Directors’ determination with respect to the frequency of future shareholder advisory votes on executive compensation. No other changes have been made to the Initial Report.
SECTION 5 - CORPORATE GOVERNANCE AND MANAGEMENT
Item 5.07 Submission of Matters to a Vote of Shareholders
On May 19, 2011, the shareholders of the Company voted for an advisory vote on executive compensation to be held every three years. On June 16, 2011, the Company’s Board of Directors, based on the results of the shareholder vote, approved the frequency of an advisory vote on executive compensation every three years.
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.
| PALMETTO BANCSHARES, INC. |
| By: |
| /s/ Roy D. Jones |
| Roy D. Jones |
| Chief Financial Officer |
Date: June 17, 2011