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): February
15, 2007
SCBT
FINANCIAL CORPORATION
(Exact
name of registrant as specified in its charter)
|
South
Carolina
(State
or other jurisdiction of incorporation)
|
001-12669
(Commission
File Number)
|
57-0799315
(IRS
Employer Identification
No.)
|
|
520
Gervais Street
Columbia,
South Carolina
(Address
of principal executive offices)
|
29201
(Zip
Code)
|
(800)
277-2175
(Registrant’s
telephone number, including area code)
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:
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))
Item
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
In
view of
the potential benefits of unifying risk management functions throughout SCBT
Financial Corporation (“SCBT” or the “Company”) in order to foster a more
integrated approach to risk management, the Board of Directors and management
of
the Company have established a new executive officer position - Chief Risk
Officer (CRO). The position is intended to provide a synchronized focus for
proactively managing many of the risks associated with governance activities,
internal controls, regulatory relationships, bank analyst activities, allocation
of capital, bank investments, contract reviews, risk transfer and other
functions. SCBT’s CRO position will exist not only as a protective measure of
controlling risk but also as a strategic decision-making mechanism for
allocating resources.
Richard
C.
Mathis, age 56, who has served since May 2000 as the Company’s Executive Vice
President and Chief Financial Officer, assumed the new position as Executive
Vice President and Chief Risk Officer effective February 16, 2007. SCBT believes
that his technical as well as decision-making skills, combined with a
comprehensive understanding of SCBT’s businesses and internal activities, make
him uniquely qualified for this position.
John
C.
Pollok, age 41, who has been with SCBT since 1996 in executive positions and
has
served for the past two years as the Company’s Senior Executive Vice President
and Chief Operating Officer (COO), will continue as COO and has also assumed
the
duties of Chief Financial Officer effective February 16, 2007. SCBT believes
that Mr. Pollok’s intricate knowledge of the Company likewise makes him highly
qualified for these roles.
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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.
|
SCBT
FINANCIAL CORPORATION
(Registrant)
|
||
| Date: February 21, 2007 | /s/ Robert R. Hill, Jr. | |
|
Robert
R. Hill, Jr.
President
and Chief Executive Officer
|
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