Attached files
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| EX-99.1 - EXHIBIT 99.1 - Carolina Trust BancShares, Inc. | ex99_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): January 29, 2019
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Carolina Trust BancShares, Inc.
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(Exact name of registrant as specified in its charter)
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North Carolina
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000-55683
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81-2019652
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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901 East Main Street, Lincolnton, North Carolina
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28092 | |
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(Address of principal executive offices)
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(Zip Code) |
Registrant’s telephone number, including area code: (704) 735-1104
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(Former name or former address, if changed since last report)
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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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or
Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 2.02. |
Results of Operations and Financial Condition.
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On January 29, 2019, Carolina Trust BancShares, Inc. (the “Registrant”) issued a news release to announce its financial results for the
three months ended December 31, 2018. The news release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
The news release includes disclosure of adjusted net income, adjusted net income per common share, pre-tax pre-provision income, tangible
common equity, and tangible book value per share, which are non-GAAP (Generally Accepted Accounting Principles) measures. Management believes that it is useful to present this data because it provides information that is helpful to investors.
The Registrant cautions that non-GAAP financial measures should be considered in addition to, but not as a substitute for, the reported
GAAP results. A reconciliation between the non-GAAP financial measures presented and the most directly comparable financial measures calculated in accordance with GAAP is included in the news release and financial summary attached hereto as
Exhibit 99.1.
This information contained in Item 2.02 of this Current Report shall not be deemed “filed” for purposes of section 18 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
| Item 9.01. |
Financial Statements and Exhibits.
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(d)
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Exhibits.
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Exhibit No.
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Description of Exhibit
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News release dated January 29, 2019.
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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.
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Carolina Trust BancShares, Inc.
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Date: January 30, 2019
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By:
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/s/ Edwin E. Laws
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Name: Edwin E. Laws
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Title: EVP and Chief Financial Officer
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