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): June 24, 1998
FOUR OAKS FINCORP, INC.
(Exact name of registrant as specified in its charter)
North Carolina 000-22787 56-2028446
(State or other (Commission File No.) I.R.S. Employer
jurisdiction Identification Number
of incorporation)
6144 U. S. 301 South, Four Oaks, North Carolina 27524
(Address of principal executive offices)
(919) 963-2177
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
Four Oaks Fincorp, Inc. announced on June 24, 1998, a three-for-two
stock split of its common stock, par value $1.00 per share ("Common
Stock"), to be effected as a stock dividend (the "Stock Split"). Each
shareholder of record of Common Stock on July 6, 1998, is entitled to
receive one and one-half (1 1/2) shares of Common Stock for each share
of Common Stock held by such shareholder on the record date. The
payment date for the Stock Split is July 21, 1998.
In accordance with Rule 416(b) promulgated under the Securities Act of
1933, as amended (the "Securities Act"), the number of shares of Common
Stock registered for sale under the Securities Act by the following
Registration Statements on Forms S-3 and S-8 will be deemed to be
increased by the Stock Split to cover the additional shares resulting
from the application of the Stock Split to the registered shares of
Common Stock remaining unsold under the Registration Statements listed
below as of July 21, 1998:
Registration Statement on Form S-3 (Reg. No.
333-33527) filed with the Securities and Exchange
Commission on August 13, 1997.
Registration Statement on Form S-8 (Reg. No.
333-30677) filed with the Securities and Exchange
Commission on July 2, 1997
The foregoing Registration Statements, each of which incorporates this
current report on Form 8-K, are hereby amended pursuant to Rule 416(b)
promulgated under the Securities Act to increase the number of shares
of the Common Stock registered thereunder to reflect the effects of the
Stock Split.
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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.
FOUR OAKS FINCORP, INC.
By: /s/ NANCY S. WISE
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Dated: July 10, 1998 Nancy S. Wise
Senior Vice President,
Chief Financial Officer
