SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
Under
The Securities Exchange Act of 1934
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GOLDEN ISLES FINANCIAL HOLDINGS, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
381087105
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(CUSIP Number)
Charles K. Werk
203 Medinah
St. Simon's Island, Georgia 31522
(912) 638-2585
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 8, 2001
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition that is the Subject
of this Schedule 13D, and is filing this schedule because of
Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]
CUSIP No. 381087105
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1. Names of Reporting Persons. Social Security Numbers or
I.R.S. Identification Numbers of above persons (entities
only).
Charles K. Werk
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2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) Not Applicable
(b) Not Applicable
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3. SEC Use Only
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4. Source of Funds (See Instructions)
PF
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5. Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2(e)
Not Applicable
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6. Citizenship or Place of Organization
United States of America
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7. Sole Voting Power 153,380
Number of ______________________________________________________
Shares
Beneficially 8. Shared Voting Power 0
Owned By ______________________________________________________
Each
Reporting 9. Sole Dispositive Power 153,380
Person ______________________________________________________
With
10. Shared Dispositive Power 0
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
153,380
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12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions).
Not Applicable
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13. Percent of Class Represented by Amount in Row (11)
6.1%
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14. Type of Reporting Person (See Instructions)
IN
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Item 1. Security and Issuer.
This statement relates to the No Par Value Common Stock of
Golden Isles Financial Holdings, Inc., a Georgia corporation
("GIFH"). The principal executive offices of GIFH are located at
3440 Cypress Mill Road, Brunswick, Georgia 31522.
Item 2. Identity and Background.
(a) The name of the person filing this statement is Charles
K. Werk.
(b) Mr. Werk's business address is 200 Indigo Drive,
Brunswick, Georgia 31525.
(c) Mr. Werk is currently employed as a the President of a
label manufacturing company. The name and address of
the company in which Mr. Werk is employed at Coastal
Sleeve Label, Inc., 200 Indigo Drive, Brunswick, Georgia
31525.
(d) Mr. Werk has not, during the last five years, been
convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) Mr. Werk has not, during the last five years, been a
party to a civil proceeding as a result of which he was
or is subject to a judgment, decree, or final order
enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state
securities laws or finding any violation with respect to
such laws.
(f) Mr. Werk is a citizen of the United States of America.
Item 3. Source and Amount of Funds or Other Consideration.
The total cost of the shares of Common Stock in GIFH
purchased by Mr. Werk was $1,112,005. Mr. Werk utilized personal
funds to purchase the Common Stock in GIFH.
Item 4. Purpose of Transaction.
The purpose of the acquisition by Mr. Werk of the shares of
Common Stock of GIFH was to make a long term investment in GIFH.
Mr. Werk plans to continue to acquire shares of Common Stock of
GIFH as a long term investment in GIFH. Mr. Werk is a member of
the Board of Directors of GIFH. Mr. Werk does not have any
present plans or proposals which would result in:
(a) The disposition of securities of GIFH;
(b) An extraordinary corporate transaction, such as a
merger, reorganization or liquidation, involving GIFH or
any of its subsidiaries;
(c) A sale or transfer of a material amount of assets of
GIFH or any of its subsidiaries;
(d) Except as set forth above, any change in the present
board of directors or management of GIFH, including any
plans or proposals to change the number or term of
directors or to fill any existing vacancies on the
board;
(e) Any material change in the present capitalization or
dividend policy of GIFH;
(f) Any other material change in the business or corporate
structure of GIFH;
(g) Changes in the charter or bylaws of GIFH or instruments
corresponding thereto or other actions which may impede
the acquisition of control of GIFH by any person;
(h) Causing a class of securities of GIFH to be delisted
from a national securities exchange or to cease to be
authorized to be quoted in an inter-dealer quotation
system of a registered national securities association;
(i) A class of securities of GIFH becoming eligible for
termination of registration pursuant to Section 12(g)(4)
of the Securities Exchange Act of 1934; or
(j) Any action similar to any of those enumerated above.
Although Mr. Werk does not have any present plans to effect any
of the foregoing, Mr. Werk would consider any such proposal.
Item 5. Interest in Securities of the Issuer.
(a) The aggregate number of shares of Common Stock of GIFH
beneficially owned by Mr. Werk is 158,380. The 158,380
shares of Common Stock of GIFH beneficially owned by Mr.
Werk constitutes 6.1 percent of the issued and
outstanding shares of the Common Stock of GIFH;
(b) Mr. Werk has the sole power to vote, and sole power to
dispose of, the shares described in paragraph (a) above;
(c) Mr. Werk has not effected any acquisitions of shares of
Common Stock of GIFH in the last sixty (60) days.
(d) No other person is known to have the right to receive or
the power to direct the receipt of dividends from, or
proceeds from the sale of, the shares of Common Stock of
GIFH described in paragraph (a) above; and
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
There are no contracts, arrangements, understandings or
relationships (legal or otherwise) between Mr. Werk and any other
person with respect to any securities of GIFH.
Item 7. Material to Be Filed as Exhibits
Not Applicable.
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
December 31, 2000
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Date
/s/
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Signature
Charles K. Werk
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Name/Title
