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): March 25, 2016
Guaranty Federal Bancshares, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
43-1792717
(I.R.S. employer identification number)
0-23325
(Commission file number)
1341 West Battlefield
Springfield, Missouri 65807
(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: (417) 520-4333
Not applicable
(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. to Form 8-K):
[_] |
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
[_] |
Soliciting materials 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)) |
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
In accordance with the corporate governance policies of Guaranty Federal Bancshares, Inc. (the “Company”), Don M. Gibson, Chairman of the Board, will be retiring as a Director of the Company and Guaranty Bank (the “Bank”), after reaching the Company’s mandatory retirement age of 72 years. Mr. Gibson’s retirement will be effective at the expiration of his current term prior to the call to order of the Company’s 2016 Annual Meeting of Stockholders to be held on May 25, 2016. Mr. Gibson has served as a Director for the Company and the Bank since February 2002 and has held the position of Chairman since March 2005.
Mr. Gibson’s tenure with the Company began in January 2002 when he was elected as President and Chief Executive Officer. He served in that capacity until his retirement in February 2005. Mr. Gibson also served as President and Chief Executive Officer of the Bank from January 2002 to March 2004.
The press release announcing the retirement is attached as Exhibit 99.1 hereto and incorporated by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number Description
99.1 |
Press Release dated March 30, 2016 |
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.
Guaranty Federal Bancshares, Inc. | |
By: /s/ Shaun A. Burke | |
Shaun A. Burke President and Chief Executive Officer |
Date: March 30, 2016
Exhibit 99.1
NASDAQ:GFED
www.gbankmo.com
For Immediate Release |
For Immediate Release
NASDAQ:GFED
www.gbankmo.com
Contacts: Shaun A. Burke, President and CEO or Carter M. Peters, CFO
1341 W. Battlefield
Springfield, MO 65807
417-520-4333
Guaranty Federal Bancshares, Inc. Announces The retirement
of chAIRMAN OF THE BOARD, DON M. GIBSON
SPRINGFIELD, MO – (March 30, 2016) – In accordance with the corporate governance policies of Guaranty Federal Bancshares, Inc. (the “Company”), Don M. Gibson, Chairman of the Board, will be retiring as a Director of the Company and Guaranty Bank (the “Bank”), after reaching the Company’s mandatory retirement age of 72 years. Mr. Gibson’s retirement will be effective at the expiration of his current term prior to the call to order of the Company’s 2016 Annual Meeting of Stockholders to be held on May 25, 2016. Mr. Gibson has served as a Director for the Company and the Bank since February 2002 and has held the position of Chairman since March 2005.
Mr. Gibson’s tenure with the Company began in January 2002 when he was elected as President and Chief Executive Officer. He served in that capacity until his retirement in February 2005. Mr. Gibson also served as President and Chief Executive Officer of the Bank from January 2002 to March 2004.
Shaun A. Burke, President and Chief Executive Officer of the Company and the Bank commented "on behalf of the Board and all of our employees, I would like to thank Don for his tenure with our Company and for his 55 years of service to the banking industry. He has been an integral part of our success and his experience has made him a valuable member and resource to the Company and the Board of Directors. We wish him all the best in retirement."
About Guaranty Federal Bancshares, Inc.
Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) has a subsidiary corporation offering full banking services. The principal subsidiary, Guaranty Bank, is headquartered in Springfield, Missouri, and has nine full-service branches in Greene and Christian Counties and a Loan Production Office in Webster County. Guaranty Bank is a member of the MoneyPass and TransFund ATM networks which provide its customers surcharge free access to over 24,000 ATMs nationwide. For more information visit the Guaranty Bank website: www.gbankmo.com.
The Company may from time to time make written or oral “forward-looking statements,” including statements contained in the Company’s filings with the SEC, in its reports to stockholders and in other communications by the Company, which are made in good faith by the Company pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Words such as “anticipates,” “estimates,” “believes,” “expects,” and similar expressions are intended to identify such forward-looking statements but are not the exclusive means of identifying such statements.
These forward-looking statements involve risks and uncertainties, such as statements of the Company’s plans, objectives, expectations, estimates and intentions, that are subject to change based on various important factors (some of which are beyond the Company’s control). The following factors, among others, could cause the Company’s financial performance to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements:
● the strength of the United States economy in general and the strength of the local economies in which we conduct operations;
● the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve, inflation, interest rates, market and monetary fluctuations;
● the timely development of and acceptance of new products and services and the perceived overall value of these products and services by users, including the features, pricing and quality compared to competitors’ products and services;
● the willingness of users to substitute competitors’ products and services for our products and services;
● our success in gaining regulatory approval of our products and services, when required;
● the impact of changes in financial services laws and regulations (including laws concerning taxes, banking, securities and insurance);
● technological changes;
● the ability to successfully manage and integrate any future acquisitions if and when our board of directors and management conclude any such acquisitions are appropriate;
● changes in consumer spending and saving habits;
● our success at managing the risks resulting from these factors; and
● other factors set forth in reports and other documents filed by the Company with the SEC from time to time.