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): May 18, 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.
On May 18, 2007, Atlantic Coast Federal Corporation (the
"Company") finalized the previously announced transition in the position of
Chief Financial Officer, as Dawna Miller, age 40, assumed the responsibilities
of Chief Financial Officer of Atlantic Coast Federal Corporation in addition to
those of Chief Financial Officer of Atlantic Coast Bank. She succeeds Jon C.
Parker, Sr. who becomes the Chief Administrative Officer of the Company with
oversight of asset and liability management, review of potential acquisitions
and other matters. 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.
The Company announced the completion of this transition in a press
release dated May 18, 2007, the full text of which is set forth in Exhibit 99.1.
ITEM 8.01. OTHER EVENTS.
In the press release dated May 18, 2007, the Company also
announced voting results for the annual meeting of stockholders. At the meeting,
stockholders elected Charles E. Martin, Jr., Thomas F. Beeckler, and Forrest W.
Sweat, Jr. to serve three-year terms ending with the 2010 annual meeting.
Stockholders also ratified the appointment of Crowe Chizek and Company LLC as
the independent registered public accounting firm for Atlantic Coast Federal
Corporation for the fiscal year ending December 31, 2007. The full text of the
press release is set forth in Exhibit 99.1.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
99.1 Press Release dated May 18, 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: May 21, 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 May 18, 2007.