UNITED STATES
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): March 15, 2011
SUPERIOR BANCORP
(Exact Name of Registrant as Specified in Charter)
Delaware
State or Other
Jurisdiction of
Incorporation
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0-25033
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63-1201350 |
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(Commission
File Number)
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(IRS Employer
Identification No.) |
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17 North 20th Street, Birmingham, Alabama
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35203 |
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(Address of Principal Executive Offices)
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Zip Code) |
(205) 327-1400
(Registrants Telephone Number, including Area Code)
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Section 5 Corporate Governance and Management
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Item 5.02. |
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers. |
On March 15, 2011, C. Stanley Bailey, Chairman, President and Chief Executive Officer of
Superior Bancorp (the Corporation), notified the Corporation of his decision to retire effective
immediately. Mr. Bailey also retired as Chairman of the Corporations subsidiary, Superior Bank.
On March 15, 2011, the Corporations Board of Directors elected, subject to regulatory
approval, C. Marvin Scott as Chairman and Chief Executive Officer of the Corporation and Rick D.
Gardner as President of the Corporation. Mr. Scott and Mr. Gardner had each previously served as
Vice Chairman of the Corporation. The Board of Directors of Superior Bank elected, subject to
regulatory approval, Mr. Scott, the Banks Chief Executive Officer, to also serve as Chairman of
the Bank. Information about each of Mr. Scott and Mr. Gardner has been previously filed with the
Securities and Exchange Commission in the Corporations proxy statements on Schedule 14A.
Section 7 Regulation FD
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Item 7.01. |
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Regulation FD Disclosure. |
On March 21, 2011, the Company issued a press release announcing the retirement of Mr. Bailey
and the additional duties of Mr. Scott and Mr. Gardner. The text of the press release is attached
to this report as Exhibit 99.
This information is furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be
filed for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject
to the liabilities of that Section, unless we specifically incorporate it by reference in a
document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934. By filing
this report on Form 8-K and furnishing this information, we make no admission as to the materiality
of any information in this report that is required to be disclosed solely by reason of Regulation
FD.
Section 9 Financial Statements and Exhibits
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Item 9.01. |
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Financial Statements and Exhibits. |
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Exhibit No. |
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Description |
Exhibit 99
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Press Release of Superior Bancorp dated March 21, 2011 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
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SUPERIOR BANCORP
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Date: March 21, 2011 |
By: |
/s/ C. Marvin Scott
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C. Marvin Scott |
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Chairman and Chief Executive Officer |
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