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EX-99.1 - EXHIBIT 99.1 - TRI CITY BANKSHARES CORPex99-1.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):  August 8, 2012

TRI CITY BANKSHARES CORPORATION
(Exact name of registrant as specified in its charter)


Wisconsin
 
0-9785
 
39-1158740
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)

6400 South 27th Street
Oak Creek, Wisconsin
 
53154
(Address of principal executive offices)
 
(Zip Code)

Registrant’s telephone number, including area code:  (414) 761-1610

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 8.01 Other Events
 
On August 8, 2012, Tri City Bankshares Corporation (“Registrant”) filed a Form 15 with the Securities and Exchange Commission terminating the registration of its $1.00 par value common stock under the Securities Exchange Act of 1934 (“Exchange Act”).  Registrant is relying on Section 12(g)(4) of the Exchange Act, as amended by Section 601 of the Jumpstart Our Business Startups Act (“JOBS Act”), allowing bank holding companies to terminate the registration of any class of securities held by fewer than 1,200 shareholders of record to and thereby terminate their duty to file reports under the Exchange Act.  As of August 8, 2012, Registrant had approximately 570 holders of record of its $1.00 par value common stock.

Registrant has no other class of securities registered under the Exchange Act.  Registrant expects that deregistration will become effective, and its reporting obligations under the Exchange Act will cease, 90 days from the date of filing the Form 15.

On or about August 13, 2012, Registrant will mail a letter to its shareholders announcing the filing of the Form 15.  A copy of such letter is filed herewith as Exhibit 99.1.

 
Item 9.01  Financial Statements and Exhibits
 
(d)           Exhibits
 
 
Exhibit 99.1
Letter to shareholders dated August 8, 2012 announcing filing of Form 15
 
FORWARD-LOOKING STATEMENTS
--------------------------

With the exception of historical information, the statements set forth in this Report and the accompanying Exhibit 99.1 may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  “Forward-looking statements” are those statements that speak of the Corporation's plans, goals, beliefs or expectations, refer to estimates or use similar terms. Future filings by the Corporation with the Securities and Exchange Commission, and statements other than historical facts contained in written material, press releases and oral statements issued by, or on behalf of the Corporation may also contain forward-looking statements.  Forward-looking statements are subject to significant risks and uncertainties and the Corporation's actual results may differ materially from the results discussed in such forward-looking statements.  Factors that might cause actual  results to differ from the results  discussed  in  forward-looking statements include,  but are not limited to, the factors set forth in Item 1A of the Corporation's Annual Report on Form 10-K for the year ended  December 31, 2011, which item is incorporated herein by reference.  All  forward-looking  statements contained  in this report or which may be contained in future statements made for or on behalf of the Corporation are based  upon  information  available  at the time the  statement  is made and the Corporation assumes no obligation to update any forward-looking statement.
 
 
 

 

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, thereunto duly authorized.

TRI CITY BANKSHARES CORPORATION
 
DATE:  August 8, 2012
 
/s/ Frederick R. Klug                                
 
   
Frederick R. Klug
 
   
Senior Vice President
 
   
(Chief Financial Officer)