Attached files
| file | filename |
|---|---|
| EX-10.1 - EXHIBIT 10.1 - COMMUNITY SHORES BANK CORP | v405031_ex10-1.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): March 18, 2015
____________________
COMMUNITY SHORES BANK CORPORATION
(Exact name of registrant as specified in its charter)
| Michigan | 000-51166 | 38-3423227 |
| (State or other jurisdiction | (Commission File | (IRS Employer |
| of incorporation) | Number) | Identification Number) |
| 1030 W. Norton Avenue, Muskegon, Michigan | 49441 | |
| (Address of principal executive offices) | (Zip Code) |
| Registrant's telephone number, including area code | 231-780-1800 |
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):
| ¨ | 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 1.01 Entry into a Material Definitive Agreement.
On March 18, 2015, Community Shores Bank Corporation amended its Convertible Secured Note Purchase Agreement and Secured Convertible Note (this "Amendment") with 1030 Norton LLC, a Michigan limited liability company owned by nine individuals; including three directors of the Company, Gary F. Bogner, Robert L. Chandonnet and Bruce J. Essex, one former director and five local businessmen. This Amendment changed the maturity date from March 31, 2015 to March 31, 2017. All other terms of the Convertible Secured Note Purchase Agreement and Convertible Note will remain the same.
This Amendment is included as an exhibit to this report.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
| Exhibit Number | Description | |
| 10. 1 | Amendment to Convertible Secured Note Purchase Agreement and Secured Convertible Note dated March 18, 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.
| COMMUNITY SHORES BANK CORPORATION | ||
| By: | /s/ Tracey A. Welsh | |
| Tracey A. Welsh | ||
| Senior Vice President, | ||
| Chief Financial Officer and Treasurer | ||
Date: March 20, 2015
| 2 |
EXHIBIT INDEX
| Exhibit Number | Description | |
| 10. 1 | Amendment to Convertible Secured Note Purchase Agreement and Secured Convertible Note dated March 18, 2015 |
| 3 |