-----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, HmlLeYckbfGKQTFOOE+0sUn3rU5Rzz+EnNCh1dhbhvK0coa1l64nwtNZrIJ62ISK NBFhCSBDTWgmv11bvVjfCQ== 0000926044-05-000584.txt : 20051223 0000926044-05-000584.hdr.sgml : 20051223 20051223090446 ACCESSION NUMBER: 0000926044-05-000584 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20051222 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20051223 DATE AS OF CHANGE: 20051223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CLARKSTON FINANCIAL CORP CENTRAL INDEX KEY: 0001068366 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-63685 FILM NUMBER: 051284072 BUSINESS ADDRESS: STREET 1: 158 S MAIN STREET CITY: CLARKSTON STATE: MI ZIP: 48346 MAIL ADDRESS: STREET 1: 15 S MAIN STREET CITY: CLARKSTON STATE: MI ZIP: 48346 8-K 1 clarkston8k_122205.htm Clarkston Financial Corporation Form 8-K

SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report: December 22, 2005

CLARKSTON FINANCIAL CORPORATION
(Exact name of registrant as
specified in its charter)

Michigan
(State or other
jurisdiction of
incorporation)

6600 Highland Road, Suite 24
Waterford, Michigan
(Address of principal executive office) 		333-63685
(Commission
File Number) 		38-3412321
(IRS Employer
Identification no.)



48327
(Zip Code)

Registrant’s telephone number,
including area code: (248) 625-8585

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 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 1.01. Entry into a Material Definitive Agreement.

        The Board of Directors of Clarkston Financial Corporation has approved the acceleration of vesting of certain unvested stock options previously awarded to certain of its directors. Options to purchase 4,812 shares of common stock are subject to the acceleration. The purpose of the acceleration is to reduce the complexity and expense of valuing such stock options under FASB Statement No. 123R.

SIGNATURE

        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.

Dated: December 22, 2005 CLARKSTON FINANCIAL CORPORATION
(Registrant)


By: /s/ J. Grant Smith
      ——————————————
      J. Grant Smith
      President and Chief Operating Officer




EXHIBIT INDEX

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