-----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, NPp4UN4r8/epPyBJ3sFnSDB32oDuPRIjfrRmERYqadzKlqahTSR1cgtX3E5zEt07 EPJt9NbiIHe5sJ57WLZhSg== 0001094738-09-000016.txt : 20090428 0001094738-09-000016.hdr.sgml : 20090428 20090428152827 ACCESSION NUMBER: 0001094738-09-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090422 ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090428 DATE AS OF CHANGE: 20090428 FILER: COMPANY DATA: COMPANY CONFORMED NAME: M&F BANCORP INC /NC/ CENTRAL INDEX KEY: 0001094738 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 561980549 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27307 FILM NUMBER: 09775521 BUSINESS ADDRESS: STREET 1: 2634 CHAPTEL HILL BLVD STREET 2: PO BOX 19322 CITY: DURHAM STATE: NC ZIP: 27702-3221 BUSINESS PHONE: 9196831521 MAIL ADDRESS: STREET 1: 2634 CHAPTEL HILL BLVD STREET 2: PO BOX 19322 CITY: DURHAM STATE: NC ZIP: 27701-3221 8-K 1 kds8k10b51.htm 10B-5-1 K.D.S kds8k10b51.htm

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):  April 22, 2009
 
 
M&F BANCORP, INC.
(Exact Name of Registrant as specified in its charter)
 
 
         
North Carolina
  
000-27307
  
56-1980549
(State or other jurisdiction
of incorporation)
  
(Commission File No.)
  
(IRS Employer
Identification No.)
 
2634 Durham-Chapel Hill Boulevard, Durham, North Carolina 27707
(Address of principal executive offices)
 
Registrant’s telephone number, including area code (919) 687-7800
 
Not Applicable
(Former address of principal executive offices)


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):

[ ] 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 8.01 – OTHER EVENTS

On April 22, 2009, Kim D. Saunders, President and Chief Executive Officer of M&F Bancorp, Inc. (the "Company") entered into a stock purchase plan to purchase a limited amount of the Company's shares for personal financial management purposes (the "10b5-1 Plan"). The 10b5-1 Plan is designed to comply with both Rule 10b-5 under the Securities Exchange Act of 1934, as amended, and the Company's insider trading policies regarding stock transactions. Rule 10b5-1 allows corporate officers, directors and other employees to adopt written, prearranged stock trading plans when not in possession of material non-public information.

Under Ms. Saunders’ 10b5-1 Plan, a broker is authorized to purchase up to a specified number of shares of the Company's common stock, pursuant to the terms and conditions of her 10b5-1 Plan, including purchase price thresholds, unless the 10b5-1 Plan is terminated earlier pursuant to its terms. The 10b5-1 Plan, which became effective April 22, 2009, allows for the purchase of a maximum 20,000 shares. The 10b5-1 Plan will terminate, subject to certain conditions, no later than January 1, 2011.

The 10b5-1 Plan has been approved pursuant to the terms of the Company's policies. Transactions made under the 10b5-1 Plan will be disclosed publicly through appropriate filings with the Securities and Exchange Commission. Except as may be required by law, the Company does not undertake to report on specific Rule 10b5-1 pre-planned stock trading plans of Company officers, nor to report modifications or terminations of the aforementioned 10b5-1 Plan or the plan of any other individual.
 
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.

     
M&F BANCORP, INC.
   
By:
  
/s/ Lyn Hittle         
 
   
Lyn Hittle
   
Chief Financial Officer

 
Dated: April 28, 2009



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