UNITED STATES
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
Date of Report (Date of earliest event reported): March 1, 2007
ATLANTIC COAST FEDERAL CORPORATION
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(Exact name of Registrant as specified in its charter)
Federal 000-50962 59-3764686
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
505 Haines Avenue, Waycross, Georgia 31501
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(Address of principal executive offices)
(800) 342-2824
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Registrant's telephone number, including area code
Not Applicable
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(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 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFCIERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
(b) On March 1, 2007, Atlantic Coast Federal Corporation (the "Company")
announced that Jon C. Parker, Sr. has resigned as Chief Financial Officer of
Atlantic Coast Bank, the Company's wholly owned subsidiary. He will also be
resigning from his position as Chief Financial Officer of the Company following
a transition period expected to last the next several months. Following the
transition period, Mr. Parker will become the Chief Administrative Officer of
the Company with oversight of asset and liability management, review of
potential acquisitions and other matters.
(c) On March 1, 2007, the Company appointed Dawna Miller, age 40, Chief
Financial Officer of Atlantic Coast Bank. She will become the Chief Financial
Officer of the Company following the transition period described above. Ms.
Miller, a certified public accountant, has worked as an independent business
consultant in the Jacksonville, Florida area since 2005. Previously from 2002 to
2005, she served as Vice President and Controller of National Americas
Investment, Inc. and Vice President of MSRA Holdings, Inc., units of the
National Australia Bank Limited.
A press release issued by the Company is attached as Exhibit 99.1.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
99.1 Press Release dated March 2, 2007
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.
ATLANTIC COAST FEDERAL CORPORATION
Date: March 6, 2007 By: /s/ Robert J. Larison, Jr.
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Robert J. Larison, Jr.
President and Chief Executive Officer
(Duly Authorized Representative)
EXHIBIT INDEX
Exhibit
Number Description of Exhibit(s)
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99.1 Copy of press release issued by the Company on March 2, 2007.