8-K 1 g75128e8-k.txt SOUTHFIRST BANCSHARES, INC. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934 Date of Report (Date of earliest event reported) March 22, 2002 ------------------------------- SouthFirst Bancshares, Inc. --------------------------- (Exact name of registrant as specified in its charter) Delaware 1-13640 63-1121255 -------------------------------------------------------------------------------- (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 126 North Norton Avenue, Sylacauga, Alabama 35150 ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (205) 245-4365 ------------------------------ Not applicable -------------- (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS. On March 29, 2002, SouthFirst Bancshares, Inc. (the "Company") issued a press release (the "Press Release"), announcing that First Federal of the South, a federally chartered stock savings association (the "Bank") and wholly owned subsidiary of the Company, has entered into a Supervisory Agreement (the "Supervisory Agreement") with the Office of Thrift Supervision. For information regarding the terms of the Supervisory Agreement, reference is made to the Supervisory Agreement and the Press Release, which are attached hereto as Exhibits 99.1 and 99.2 respectively, and are incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits. The following exhibits are filed with this report:

Exhibit No. Description ----------- ----------- 99.1 ~~Earnings~~Supervisory ~~Release~~Agreement ~~for~~dated ~~Fiscal~~March ~~Year~~22, ~~Ended~~2002, ~~September~~by ~~30,~~and ~~2001~~between ~~(issued~~First ~~December~~Federal 4,of ~~2001).~~the ~~99.2~~South ~~Addendum~~and ~~(Financial~~the ~~Statements)~~Office toof ~~Earnings~~Thrift ~~Release~~Supervision ~~for~~99.2 ~~Fiscal~~Press ~~Year~~Release ~~Ended~~issued ~~September~~by 30SouthFirst Bancshares, ~~2001~~Inc., ~~(issued~~dated ~~December~~March 629, ~~2001).~~2002

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. SouthFirst Bancshares, Inc. By: /s/ Sandra H. Stephens --------------------------------- Sandra Stephens Executive Vice President and Chief Operating Officer Dated: March 29, 2002 EXHIBIT INDEX

Exhibit No. Description of Exhibit ----------- ---------------------- 99.1 ~~Earnings~~Supervisory ~~Release~~Agreement ~~for~~dated ~~Fiscal~~March ~~Year~~22, ~~Ended~~2002, ~~September~~by ~~30,~~and ~~2001~~between ~~(issued~~First ~~December~~Federal 4,of ~~2001).~~the ~~99.2~~South ~~Addendum~~and ~~(Financial~~the ~~Statements)~~Office toof ~~Earnings~~Thrift ~~Release~~Supervision ~~for~~99.2 ~~Fiscal~~Press ~~Year~~Release ~~Ended~~issued ~~September~~by 30SouthFirst Bancshares, ~~2001~~Inc., ~~(issued~~dated ~~December~~March 629, ~~2001).~~2002

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