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): June 29, 2015
ATLANTIC COAST FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
|
Maryland (State or Other Jurisdiction of Incorporation) |
001-35072 (Commission File Number) |
65-1310069 (I.R.S. Employer Identification No.)
|
4655 Salisbury Road, Suite 110, Jacksonville, FL 32256
(Address of principal executive offices)
Registrant's telephone number, including area code: (800) 342-2824
No Change
(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 8.01. OTHER EVENTS.
On June 29, 2015, the Jacksonville Business Journal published an interview with John K. Stephens, Jr., President and Chief Executive Officer of Atlantic Coast Financial Corporation (the Company) and Atlantic Coast Bank, which contained a comment that the Company "should report $3 million in revenue for the quarter,…" This reference was intended to speak to the approximate net income effect of previously announced transactions to reverse a valuation allowance during the second quarter of 2015, which had previously been recorded against the Company's deferred tax asset, as partially offset by prepayment penalties related to revisions to the terms of a portion of the Company's wholesale debt. These transactions occurred as outlined in the Company's Form 8-K filed on June 23, 2015.
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.
| ATLANTIC COAST FINANCIAL CORPORATION | |||
| Date: June 30, 2015 | By: | /s/ Tracy L. Keegan | |
| Name: | Tracy L. Keegan | ||
| Title: | Executive Vice President and | ||
| Chief Financial Officer | |||