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EX-99.1 - EXHIBIT 99.1 - ASB Bancorp Incv406100_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): March 31, 2015

 

ASB BANCORP, INC.

(Exact Name of Registrant as Specified in Its Charter)

 

North Carolina

(State or other jurisdiction of

incorporation or organization)

 

001-35279

(Commission

File Number)

 

45-2463413

(IRS Employer

Identification No.)

 

11 Church Street, Asheville, North Carolina 28801

(Address of principal executive offices) (Zip Code)

 

(828) 254-7411

(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:

 

¨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 8.01Other Events.

 

On March 31, 2015, ASB Bancorp, Inc. (the “Company”) issued a news release announcing that the Company’s Board of Directors approved a stock repurchase program whereby the Company may repurchase up to 5%, or 218,920 shares, of its outstanding common stock. For further information, reference is made to the Company’s news release dated March 31, 2015, a copy of which is attached to this Report as Exhibit 99.1 and is furnished herewith.

 

 

Item 9.01Financial Statements and Exhibits.

 

  (d)Exhibits

 

Number Description
   
99.1 News Release Dated March 31, 2015

 

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SIGNATURE

 

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.

 

  ASB BANCORP, INC.  
       
       
Date: March 31, 2015 By: /s/ SUZANNE S. DEFERIE  
    Suzanne S. DeFerie  
    President and Chief Executive Officer  

 

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