-----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, DAw2zAr2tXePByxHGAYNrTOZZ9C+lg6V75lGZL3rfWNMHTdUwuOC7aFnzmEbncW4 HqT/VpioSyzdYpAPJMiY8Q== 0001171843-07-000298.txt : 20070613 0001171843-07-000298.hdr.sgml : 20070613 20070613130236 ACCESSION NUMBER: 0001171843-07-000298 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070612 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20070613 DATE AS OF CHANGE: 20070613 FILER: COMPANY DATA: COMPANY CONFORMED NAME: METROCORP BANCSHARES INC CENTRAL INDEX KEY: 0001068300 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 760579161 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25141 FILM NUMBER: 07916927 BUSINESS ADDRESS: STREET 1: 9600 BELLAIRE BLVD SUITE 152 CITY: HOUSTON STATE: TX ZIP: 77036 BUSINESS PHONE: 7137763876 8-K 1 document.htm FORM 8-K FILING DOCUMENT 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) June 12, 2007


MetroCorp Bancshares Inc.
(Exact name of registrant as specified in its charter)


TX
 
000-25141
 
76-0579161
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer Identification No.)


 
9600 Bellaire Boulevard, Suite 252 Houston, Texas
 
77036
 
  (Address of principal executive offices)   (Zip Code)  

Registrant's telephone number, including area code:   (713) 776-3876



________________________________________________________________________________
(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:
  [   ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [   ] Soliciting material pursuant to Rule 14a-12(b) 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.

On June 6, 2007, the board of directors of MetroCorp Bancshares, Inc. (the "Company"), upon recommendation of the Company's Nominating Committee, voted to appoint Robert W. Hsueh as a Class I director to fill a vacancy existing on the Company's board of directors, effective June 12, 2007. As a new appointee, Mr. Hsueh will be slated to stand for re-election at the Company's 2008 Annual Meeting of Shareholders. As of the date of this filing, Mr. Hsueh has not been appointed to a committee of the Company's board of directors, nor has it been determined when, if at all, any such appointment would be made. Mr. Hsueh will receive fees consistent with those fees received by the existing directors for service as a director of the Company. A copy of the Company's press release announcing Mr. Hsueh's appointment is attached hereto as Exhibit 99.1 and the information contained therein is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d)    Exhibits

         99.1           Press Release issued by the Company dated June 12, 2007.


SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

    MetroCorp Bancshares Inc.
(Registrant)

June 13, 2007
(Date)
  /s/   GEORGE M. LEE
George M. Lee
Chief Executive Officer, Executive Vice Chairman


  Exhibit Index
  99.1 Press release dated June 12, 2007






EX-99.1 2 newsrelease.htm PRESS RELEASE MetroCorp Announces the Appointment of Robert W. Hsueh to Its Board of Directors

EXHIBIT 99.1

MetroCorp Announces the Appointment of Robert W. Hsueh to Its Board of Directors

HOUSTON, June 12, 2007 (PRIME NEWSWIRE) -- MetroCorp Bancshares, Inc. (the "Company") (Nasdaq:MCBI) announced today that Robert W. Hsueh was appointed as a Class I director to fill a vacancy existing on the Company's board of directors, effective June 12, 2007. In connection with the appointment, the Company's board of directors determined that Mr. Hsueh is an independent director as defined in the listing standards of NASDAQ Global Market. Accordingly, 7 of the Company's 13 directors are independent thus satisfying the NASDAQ independent director requirement as set forth in the Marketplace Rule 4350.

George M. Lee, Chief Executive Officer and Executive Vice Chairman, stated, "We are pleased and honored to have Mr. Robert Hsueh join us on the Company's board as an independent director. Robert has been a practicing attorney in the Dallas/Fort Worth area for the past 27 years specializing in international business and immigration law. His contributions to the community for the past two decades have been well recognized. Currently he serves as an Arbitrator to the China International Economic and Trade Arbitration Commission, a member of the Board of Directors of the DFW International Airport, the Dallas Museum of Art, and the World Affairs Council of Greater Dallas, a member of U.S. Senators John Cornyn's and Kay Bailey Hutchison's Federal Judiciary Evaluation Committee, Chairman of the Dallas-China Partnership, the Hong Kong Association of Northern Texas, founding Chairman of the Greater Dallas Asian American Chamber of Commerce and an active leader in other civic and business organizations." Lee continued , "We believe Robert's experience and expertise will provide added leadership at the board level to our strategic growth into the Greater China market as well as our expansion plan in the Dallas/Fort Worth region. In addition, we are looking to Robert for his active participation and guidance in governance, policy and regulatory matters."

MetroCorp Bancshares, Inc. provides a full range of commercial and consumer banking services through its wholly owned subsidiaries, MetroBank, N.A. and Metro United Bank. The Company has 13 full-service banking locations in the greater Houston, and Dallas, Texas metropolitan areas, and six full service banking locations in the greater San Diego, Los Angeles and San Francisco, California metropolitan areas and one loan production office in San Francisco, California. As of March 31, 2007, the Company had consolidated assets of $1.3 billion. For more information, visit the Company's web site at http://www.metrobank-na.com.

The MetroCorp Bancshares Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2894

CONTACT:  MetroCorp Bancshares, Inc.
          George M. Lee, CEO
          (713) 776-3876
-----END PRIVACY-ENHANCED MESSAGE-----