8-K 1 doc1.txt DIRECTOR PASSES AWAY Form 8-K Page 1 of 3 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): MAY 27, 2003 COASTAL BANCORP, INC. (Exact name of registrant as specified in charter) TEXAS 0-24526 76-0428727 ----- ------- ---------- (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 5718 WESTHEIMER, SUITE 600, HOUSTON, TEXAS 77057 ------------------------------------------ ------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number including area code: (713) 435-5000 (Former name or former address, if changed since last report): NOT APPLICABLE Form 8-K Page 2 of 3 ITEM. 5. OTHER EVENTS AND REQUIRED FD DISCLOSURE. On May 26, 2003, Clayton T. Stone, a Director of Coastal Bancorp, Inc. and its subsidiary Coastal Banc ssb ("the Company") passed away after a lingering illness. The Company. At this time, has not determined who will fill the vacancy on the Board. Coastal Bancorp, Inc. owns, through its wholly-owned subsidiary, Coastal Banc Holding Company, Inc., 100 percent of the voting stock of Coastal Banc ssb, a Texas-chartered FDIC insured, state savings bank headquartered in Houston. Coastal Banc ssb currently operates 44 branch offices in metropolitan Houston, Austin, Corpus Christi, the Rio Grande Valley and small cities in the southeast quadrant of Texas. 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. Date: May 27, 2003 COASTAL BANCORP, INC. /s/ Catherine N. Wylie --------------------------- By: Catherine N. Wylie Senior Executive Vice President/ Chief Financial Officer