SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): November 29, 2006
COOPERATIVE BANKSHARES, INC.
(Exact name of registrant as specified in charter)
NORTH CAROLINA 0-24626 56-1886527
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
201 MARKET STREET, WILMINGTON, NORTH CAROLINA 28401
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (910) 343-0181
NOT APPLICABLE
(Former name or former address, if changed since last report)
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:
[ ] 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.
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On November 29, 2006, Cooperative Bankshares, Inc. (the "Company")
issued a press release announcing that on November 28, 2006, the Board of
Directors declared the 2006 fourth quarter dividend of $0.05 per share. The
dividend is payable on or about January 15, 2007, to stockholders of record as
of January 1, 2007. The full text of the Company's press release dated November
29, 2006, issued in connection with the announcement, is attached as Exhibit
99.1 and is incorporated herein by reference.
Additionally, on November 29, 2006, the Company issued a press release
announcing that Frederick Willetts, III, the Company's Chairman and President,
will be a guest speaker and panel participant at the Financial Institutions
Investor Conference, "Strategy to Implementation," hosted by Ryan Beck & Co.,
Inc. on December 7, 2006 in New York City, New York. A copy of the press release
is attached to this Report as Exhibit 99.2 and is incorporated herein by
reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
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(d) Exhibits
Number Description
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99.1 Press Release dated November 29, 2006
99.2 Press Release dated November 29, 2006
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.
COOPERATIVE BANKSHARES, INC.
/s/ Todd L. Sammons
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Todd L. Sammons
Senior Vice President and Chief Financial
Officer
Date: November 29, 2006