SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
January 27, 2017
|Carolina Trust BancShares, Inc.|
|(Exact Name of Registrant as Specified in Charter)|
(State or Other Jurisdiction
|901 East Main Street, Lincolnton, North Carolina
|(Address of Principal Executive Offices)
Registrant’s Telephone Number, Including
Area Code: (704) 735-1104
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:
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))|
Carolina Trust BancShares, Inc.
|Item 2.02 – Results of Operations and Financial Condition
|Item 8.01 – Other Events
|Item 9.01 – Financial Statements and Exhibits
|Exhibit 99.1 News Release dated January 27, 2017
Item 2.02 – Results of Operations and Financial Condition
On January 27, 2017, Carolina Trust BancShares, Inc. (the
“Registrant”) issued a news release to announce its financial results for the three and twelve months ended December
31, 2016. The news release is attached hereto as Exhibit 99.1.
The news release includes disclosure of tangible common equity
and tangible book value per share which are non-GAAP measures. Management believes that is useful to present this data that excludes
intangible assets and preferred stock 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 8.01 – Other Events
On January 27, 2017, the Registrant issued a news release
to announce its financial results for the three and twelve month periods ended December 31, 2016. The news release is attached
hereto as Exhibit 99.1.
Item 9.01 – Financial Statements and Exhibits
Pursuant to the requirements of the Securities and Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
||Carolina Trust BancShares, Inc.|
|February 1, 2017
||/s/ Edwin E. Laws|
||Edwin E. Laws|
||Executive Vice President and Chief Financial Officer|