Attached files

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EX-10.1 - DEFERIE AGREEMENT - ASB Bancorp Incd245870dex101.htm
EX-10.3 - KOZAK AGREEMENT - ASB Bancorp Incd245870dex103.htm
EX-10.4 - MARTIN AGREEMENT - ASB Bancorp Incd245870dex104.htm
EX-10.2 - TYNDALL AGREEMENT - ASB Bancorp Incd245870dex102.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): October 18, 2011

 

 

 

ASB BANCORP, INC.

(Exact Name of Registrant as Specified in Its Charter)

 

 

 

North Carolina   001-35279   45-3463413

(State or other jurisdiction of

incorporation or organization)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

11 Church Street, Asheville, North Carolina 28801

(Address of principal executive offices) (Zip Code)

(828) 254-7411

(Registrant’s 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:

 

¨ 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 18, 2011, ASB Bancorp, Inc. (the “Company”) and its wholly owned subsidiary, Asheville Savings Bank, S.S.B. (the “Bank”), jointly entered into: (i) a three-year employment agreement with Suzanne S. DeFerie, the President and Chief Executive Officer of the Company and the Bank; and (ii) two-year employment agreements with each of Kirby A Tyndall, the Executive Vice President and Chief Financial Officer of the Company and the Bank, David A. Kozak, the Executive Vice President and Chief Lending Officer of the Bank, and Fred A. Martin, the Executive Vice President and Chief Information Officer of the Bank. The material terms of the employment agreements were previously disclosed in the Company’s Registration Statement on Form S-1 (File No. 333-174527), as declared effective by the U.S. Securities and Exchange Commission on August 12, 2011.

 

Item 9.01 Financial Statements and Exhibits.

 

  (d) Exhibits

 

Number    Description
10.1    Employment Agreement, dated as of October 18, 2011, by and between ASB Bancorp, Inc., Asheville Savings Bank, S.S.B. and Suzanne S. DeFerie
10.2    Employment Agreement, dated as of October 18, 2011, by and between ASB Bancorp, Inc., Asheville Savings Bank, S.S.B. and Kirby A. Tyndall
10.3    Employment Agreement, dated as of October 18, 2011, by and between ASB Bancorp, Inc., Asheville Savings Bank, S.S.B. and David A. Kozak
10.4    Employment Agreement, dated as of October 18, 2011, by and between ASB Bancorp, Inc., Asheville Savings Bank, S.S.B. and Fred A. Martin


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 thereunto duly authorized.

 

    ASB BANCORP, INC.
Date: October 21, 2011     By:   /s/ Suzanne S. DeFerie
      Suzanne S. DeFerie
      President and Chief Executive Officer