UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Community Shores Bank Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
204046 10 6
(CUSIP Number)
June 25, 2012
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
¨ Rule 13d-1(b)
x Rule 13d-1(c)
¨ Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Schedule 13G | Page 2 of 5 |
CUSIP No. 204046 10 6
1. |
Names of Reporting Persons: Bruce J. Essex, Jr.
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2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨
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3. | SEC Use Only
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4. | Citizenship or Place of Organization: United States of America
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Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power: 119,000
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6. | Shared Voting Power: 6,250
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7. | Sole Dispositive Power: 119,000
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8. | Shared Dispositive Power: 6,250
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9. |
Aggregate Amount Beneficially Owned by Each Reporting Person: 125,250
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10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
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11. |
Percent of Class Represented by Amount in Row (9): 8.5%
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12. |
Type of Reporting Persons (See Instructions) IN
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Schedule 13G | Page 3 of 5 |
Item 1. (a) Name of Issuer: Community Shores Bank Corporation
Item 1. (b) Address of Issuers Principal Executive Offices: 1030 W. Norton Avenue, Muskegon, Michigan 49441
Item 2. (a) Name of Person Filing:
This Schedule 13G is being filed by Bruce J. Essex, Jr. (Mr. Essex).
This Schedule 13G is intended to report an aggregate beneficial ownership of 125,250 shares of Common Stock of Community Shores Bank Corporation (Community Shores). Of these 125,250 shares, Mr. Essex beneficially owns directly 119,000 shares, and beneficially owns indirectly 6,250 shares that are owned by Port City Metal Products, Inc. (Port City). Mr. Essex has sole power to vote and dispose of the 119,000 shares, and on behalf of Port City, has the power to vote and dispose of the 6,250 shares. Mr. Essex is the President and Chief Executive Officer of Port City, and owns a substantial majority of its outstanding stock.
Item 2. (b) Address of Principal Business Office or, if none, Residence:
Mr. Essexs principal business office is located at:
1985 E. Laketon Avenue
Muskegon, MI 49442
Item 2. (c) Citizenship: Mr. Essex is a citizen of the United States of America.
Item 2. (d) Title of Class of Securities: Common stock
Item 2. (e) CUSIP Number: 204046 10 6
Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not Applicable.
(a) |
¨ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); | ||
(b) |
¨ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
Schedule 13G | Page 4 of 5 |
(c) |
¨ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); | ||
(d) |
¨ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); | ||
(e) |
¨ | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); | ||
(f) |
¨ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); | ||
(g) |
¨ | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); | ||
(h) |
¨ | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | ||
(i) |
¨ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | ||
(j) |
¨ | A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J). | ||
(k) |
¨ | Group, in accordance with §240.13d-1(b)(1)(ii)(K). |
Item 4. Ownership
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
Bruce J. Essex, Jr.
(a) |
Amount beneficially owned: 125,250. | |||
(b) |
Percent of class: 8.5%. | |||
(c) |
Number of shares as to which the person has: | |||
(i) Sole power to vote or to direct the vote: 119,000. | ||||
(ii) Shared power to vote or to direct the vote: 6,250. | ||||
(iii) Sole power to dispose or to direct the disposition of: 119,000. | ||||
(iv) Shared power to dispose or to direct the disposition of: 6,250. |
Schedule 13G | Page 5 of 5 |
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ¨. Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
Not Applicable.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
Item 10. Certifications
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
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.
Dated: June 29, 2012 | ||||||
/s/ Bruce J. Essex, Jr. | ||||||
Bruce J. Essex, Jr., Individually |