FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) August 11, 1997
ANCHOR FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
South Carolina 0-13759 57-0778015
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification number)
2002 Oak St., Myrtle Beach, S. C. 29577
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (803) 448-1411
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ITEM 5. OTHER EVENTS
On August 11, 1997, the Board of Directors of Anchor Financial Corporation (the
"Corporation") declared a three-for-two stock split in the form of a 50% common
stock dividend payable on September 26, 1997, to shareholders of record of the
Corporation on August 29, 1997.
Currently, the Corporation has 7,000,000 shares of common stock authorized,
$6.00 par value per share, of which 2,560,673 shares are issued and outstanding,
and 264,175 shares are subject to options. After the three-for-two stock split,
the Corporation will have 7,000,000 shares of common stock authorized, $6.00 par
value, of which approximately 3,840,559 shares will be issued and outstanding,
and 396,263 shares will be subject to options. Shareholders will be issued new
stock certificates for whole shares and cash for fractional shares.
All prior consolidated financial statements will be restated to reflect the
three-for-two stock split and future cash dividends will be adjusted
accordingly.
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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 thereunto duly authorized.
/s/ John J. Moran
John J. Moran, Senior Vice President
and Comptroller
Date: August 14, 1997
