0001626129-16-000760.txt : 20160816 0001626129-16-000760.hdr.sgml : 20160816 20160816082726 ACCESSION NUMBER: 0001626129-16-000760 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160816 FILED AS OF DATE: 20160816 DATE AS OF CHANGE: 20160816 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Carolina Trust BancShares, Inc. CENTRAL INDEX KEY: 0001676667 IRS NUMBER: 812019652 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 901 EAST MAIN STREET CITY: LINCOLNTON STATE: NC ZIP: 28092 BUSINESS PHONE: 740-735-1104 MAIL ADDRESS: STREET 1: 901 EAST MAIN STREET CITY: LINCOLNTON STATE: NC ZIP: 28092 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Rhyne Johnathan L Jr CENTRAL INDEX KEY: 0001676637 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-55683 FILM NUMBER: 161834793 MAIL ADDRESS: STREET 1: 901 EAST MAIN STREET CITY: LINCOLNTON STATE: NC ZIP: 28092 3 1 rhyne-form3_081616.xml OWNERSHIP DOCUMENT X0206 3 2016-08-16 0 0001676667 Carolina Trust BancShares, Inc. CART 0001676637 Rhyne Johnathan L Jr 901 EAST MAIN STREET LINCOLNTON NC 28093 1 0 0 0 Common Stock 138018 D Option to purchase Common Stock 2.13 2022-03-20 Common Stock 4161 D The option is fully vested. /s/ Jonathan A. Greene, by power of attorney 2016-08-16 EX-24 2 ex24.htm POWER OF ATTORNEY

Exhibit 24

POWER OF ATTORNEY

Know all by these presents that the undersigned hereby constitutes and appoints each of Sue S. Stamey, Whitney A. Meeks, Holly A. Wagner, and Jonathan A. Greene, and each of them acting alone, signing singly and with full power of substitution, the undersigned's true and lawful attorney-in-fact to: (1) execute for and on behalf of the undersigned, in the undersigned's capacity as an officer, director and/or 10% or more stockholder of Carolina Trust BancShares, Inc. (the "Company"), Forms ID, 3, 4, 5 and Update Passphrase Acknowledgement (and any amendments thereto) in accordance with Section 16(a) of the Securities Exchange Act of 1934, as amended (the "1934 Act"), and the rules promulgated thereunder; (2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form ID, 3, 4, 5 and Update Passphrase Acknowledgement (and any amendments thereto) and to file timely such form with the United States Securities and Exchange Commission and any stock exchange or similar authority; and (3) take any other action of any type whatsoever in connection with the foregoing which in the opinion of such attorney-in-fact may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion.

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the 1934 Act.

This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms ID, 3, 4 and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to each of the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 1st day of June 2016.

	/s/Jonathan L. Rhyne, Jr.
	Jonathan L. Rhyne, Jr.