-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BMqgCiadVZD3joMoweTwSd4lM/HfAw38glk9Low99FFbgMxtBIePhX4XfnAx1fgv MuxQd0hpU8SMxPGE7xyQHw== 0001354488-06-000814.txt : 20061122 0001354488-06-000814.hdr.sgml : 20061122 20061122155738 ACCESSION NUMBER: 0001354488-06-000814 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20061122 ITEM INFORMATION: Other Events FILED AS OF DATE: 20061122 DATE AS OF CHANGE: 20061122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FOUR OAKS FINCORP INC CENTRAL INDEX KEY: 0001040799 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 562028446 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22787 FILM NUMBER: 061236526 BUSINESS ADDRESS: STREET 1: 6144 US 301 SOUTH STREET 2: P O BOX 309 CITY: FOUR OAKS STATE: NC ZIP: 27524 BUSINESS PHONE: 9199632177 8-K 1 filing_340.htm FOUR OAKS FINCORP - FORM 8-K Filing
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) November 22, 2006
Four Oaks FinCorp, Inc.
(Exact name of registrant as specified in its charter)
North Carolina000-2278756-2028446
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)
6114 U.S. 301 South - Four Oaks, NC 27524
(Address of principal executive offices & zip code)
 
Registrant's telephone number, including area code:  919-963-2177
 
(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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 8.01 Other Events.


          On November 20, 2006, the board of directors (the “Board”) of Four Oaks Fincorp, Inc. (the “Corporation”) authorized the increase and extension of the Corporation’s previously approved share repurchase program (the “Share Repurchase Program”).  The Share Repurchase Program previously allowed the Corporation to repurchase up to 100,000 shares of its common stock through December 31, 2006.  The Board authorized the extension of the Share Repurchase Program through December 31, 2007 and increased the number of authorized shares that may be repurchased under the Share Repurchase Program by an additional 100,000 shares, such that the Corporation is now authorized to repurchase up to a total of 200,000 shares of the Corporation’s common stock.  As of November 20, 2006, the Corporation had repurchased 65,889 shares under the Sha re Repurchase Program.  

 
Exhibits
None

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.
   
 

Date: November 22, 2006By:   /s/ Ayden R. Lee, Jr.
  Ayden R. Lee, Jr.
President & Chief Executive Officer

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