Team Financial Inc /Ks - Current report filing (8-K)
September 25 2008 - 5:05PM
Edgar (US Regulatory)
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
September 19, 2008
(Date of earliest event reported)
TEAM
FINANCIAL, INC.
(Exact name of registrant as specified in its charter)
KANSAS
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000-26335
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48-1017164
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer
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of incorporation)
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File Number)
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Identification No.)
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8 West Peoria, Suite 200, Paola, Kansas, 66071
(Address of principal executive offices) (Zip Code)
Registrants telephone, including area code:
(913) 294-9667
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:
o
Written
Communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Table of
Contents
SECTION 8
OTHER EVENTS
ITEM
8.01 OTHER EVENTS.
On
September 19, 2008, the board of directors of TeamBank, N.A. (TeamBank),
a subsidiary of Team Financial, Inc. (the Registrant), appointed Sandra
J. Moll as Interim President and Chief Executive Officer of TeamBank. Ms. Moll also serves as a Director and
the Chief Operating Officer of the Registrant.
On
September 23, 2008, the board of directors of the Registrant appointed
Kaila D. Beeman as Principal Accounting Officer. Ms. Beeman had served in the same
position on an interim basis since April 28, 2008. Ms. Beeman,
44, joined the Registrant in February, 2007 and served as the Cashier for
TeamBank, a subsidiary of the Registrant. Prior to joining the
Registrant, Ms. Beeman served as Chief Financial Officer of the Bank of
the Prairie, a $105 million bank, from 2005 to 2007, and as Vice President of
Finance/Cashier of Legacy Bank, a $165 million bank, from 1992 to 2005. Ms. Beeman
also has experience working in public accounting with a regional accounting
firm.
On
September 19, 2008, the Registrant notified Wells Fargo Bank, National
Association (the Trustee) pursuant to the Indenture by and between the Registrant
and the Trustee, dated September 14, 2006 (the Indenture) that the
Registrant has elected to defer all payments of interest on the Registrants
Junior Subordinated Debt Securities due October 7, 2036 by extending the
interest distribution period until further notice (the Extension Period). Accordingly, as provided in the Indenture,
the Registrant may not pay cash dividends or other distributions during the
Extension Period and until all deferred interest is fully paid.
Additionally,
on September 25, 2008, the Registrant officially withdrew its Application
for Confidential Treatment to portions of Exhibit 17.1 filed on Form 8-K
on April 27, 2006. Pursuant to the
Registrants withdrawal request, Exhibit 17.1 is attached hereto in
unredacted form.
SECTION 9
FINANCIAL STATEMENTS AND EXHIBITS
ITEM
9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(a)
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Financial
statements of businesses acquired:
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Not
applicable.
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(b)
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Pro
forma financial information:
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Not
applicable.
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(c)
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Shell
company transactions:
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Not
applicable.
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(d)
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Exhibits:
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Exhibit 17.1
Unredacted Form of Letter from Lloyd A. Byerhof dated April 22,
2006.
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3
Table of
Contents
SIGNATURE
Pursuant to the requirement 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.
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TEAM
FINANCIAL, INC.
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By:
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/s/
Bruce R. Vance
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Bruce
R. Vance,
Interim Chief Financial
Officer
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Date:
September 25, 2008
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Table of Contents
Exhibit Index
Exhibit No.
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Description
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17.1
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Unredacted
Form of Letter from Lloyd A. Byerhof dated April 22, 2006.
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