- Current report filing (8-K)
December 31 2009 - 2:45PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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)
December 29, 2009
First National Bancshares,
Inc.
(Exact
name of registrant as specified in its charter)
South
Carolina
(State or
other jurisdiction of incorporation)
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000-30523
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58-2466370
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(Commission
File Number)
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(IRS
Employer Identification No.)
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215 North Pine Street,
Spartanburg, S.C.
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29302
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(Address
of principal executive offices)
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(Zip
Code)
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(864)
948-9001
(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 (see General Instruction A.2. below):
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR
240.14d-2(b))
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o
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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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On
December 31, 2009, the Company issued a press release announcing the
receipt of a letter from The NASDAQ Stock Market (“Nasdaq”). A
copy of the press release is attached hereto as Exhibit 99.1 and is
incorporated by reference herein.
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Item
3.01
Failure
to Satisfy a Continued Listing
Standard.
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On
December 29, 2009, First National Bancshares (the “Company”) received a
letter from Nasdaq that stated the Company’s common stock closed below the
required minimum $1.00 per share bid price for the previous 30 consecutive
business days. The letter also indicated that, in accordance with
Marketplace Rule 5810(c)(3)(A), the Company has a period of 180 calendar
days, until June 28, 2010, to regain compliance with Rule
5550(a)(2). If at any time before June 28, 2010, the bid price
of the Company’s common stock closes with a bid price of $1.00 per share or more
for a minimum of 10 consecutive business days, Nasdaq will notify the Company
that it has regained compliance with Rule 5550(a)(2).
The
following exhibit is filed as part of this report:
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Exhibit
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Number
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Description
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99.1
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Press
Release of First National Bancshares, Inc. dated December 31,
2009.
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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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FIRST
NATIONAL BANCSHARES, INC.
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By:
Name
Title:
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/s/ Kitty
B.
Payne
Kitty
B. Payne
Executive
Vice President/Chief Financial
Officer
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Dated: December
31, 2009
EXHIBIT
INDEX
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Exhibit
Number
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Description
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99.1
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Press
Release of First National Bancshares, Inc. dated December 31,
2009.
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