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 and Exchange Act of 1934

Date of Report (Date of earliest event reported): May 1623, 2012

Coastal Carolina Bancshares, Inc.

(Exact name of registrant as specified in its charter)

South Carolina	333-152331	33-1206107
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
2305 Oak Street, Myrtle Beach, South Carolina		29577
2305 Oak Street Myrtle Beach, South Carolina		29577
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code (843) 839-2265

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 (see General Instruction A.2. below):

¨	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~~ITEM 5.~~02(e)~~07. ~~Compensatory~~Submission ~~Arrangements~~of Matters to a Vote of ~~Certain~~Security ~~Officers~~Holders.

On May 1623, 2012, ~~Coastal~~of ~~Carolina~~2,188,000 ~~National~~shares ~~Bank~~outstanding ~~(the~~and ~~“Bank”),~~entitled ~~the~~to ~~subsidiary~~vote ofat ~~Coastal~~our ~~Carolina~~annual ~~Bancshares~~meeting, ~~Inc. (the “Company”)~~1,542,223 ~~entered~~shares ~~into~~were ~~written~~present ~~employment~~in ~~agreements with~~person ~~Jeff~~or ~~Benjamin~~by proxy, ~~Chief~~representing ~~Credit~~approximately ~~Officer~~70.49% ~~and~~of ~~Senior~~the ~~Vice~~issued ~~President,~~ and ~~with~~outstanding ~~Dawn Kinard~~shares, ~~Chief Financial Officer~~ and ~~Senior~~the ~~Vice~~following ~~President~~matters ~~(Mr.~~were ~~Benjamin~~voted upon and ~~Ms. Kinard~~approved ~~referred~~by toour ~~herein~~shareholders ~~individually~~at ~~as “~~the ~~Executive”~~2012 ~~and~~Annual ~~collectively~~Meeting: ~~as the “Executives”).~~

~~The initial term of each Agreement is three years and expires May 16, 2015~~1. ~~Each Agreement automatically renews for successive one year terms unless either~~ the ~~Bank~~election orof ~~the~~seven ~~Executive~~Class ~~gives~~III atdirectors ~~least~~to 90our ~~days~~Board ~~advance written notice~~ of ~~non-renewal.~~Directors; and

~~Each~~2. ~~Executive is entitled to receive an initial annual base salary of $139,000, which may be increased from time to time but not decreased without~~ the ~~written~~ ~~consent~~ratification of the ~~Executive.~~appointment ~~In addition to base salary, each Executive is eligible for an annual bonus incentive if approved by the board~~ of ~~directors~~Elliott ~~of the Bank. Each Executive is also eligible annually to receive stock option awards~~Davis, ~~restricted~~ ~~stock,~~LLC ~~and/or other equity based compensation~~ as ~~determined~~our byindependent ~~the~~auditor ~~board~~for ~~of directors of~~ the ~~Bank.~~fiscal ~~Each~~year ~~Agreement~~ending ~~also~~December ~~entitles~~31, ~~the Executive to participate in the benefit plans and programs of the Company and the Bank that are generally applicable to employees or to senior executives~~2012.

~~Each~~The ~~Agreement~~following ~~includes~~is a ~~non-compete~~summary ~~clause~~of ~~that prohibits~~ the ~~Executive~~voting ~~from~~results ~~engaging in the banking and financial service business anywhere within Horry and Georgetown Counties, South Carolina and from soliciting our employees or customers~~ for aeach ~~period~~matter ofpresented 12to ~~months~~the ~~after~~shareholders: ~~termination of employment.~~

~~Each~~Election ~~Agreement includes a change in control clause in which the Executive is entitled to give written notice~~ of ~~termination~~Directors of the Agreement within 30 days of the change in control event and to receive an amount equal to 2.00 times the Executive’s average annual W-2 compensation reported over the previous five complete years. The severance amount will be paid in lump sum within 30 days of the Executives written notice to terminate the Agreement.

IfClass ~~the~~III Bank terminates the Executive without cause or the Executive terminates the Agreement for good reason, the Bank must pay severance compensation equal to the Executive’s then current base salary for 12 months following termination or until the end of the Term, whichever is shorter. If the Executive becomes employed during this severance period, the Bank must pay the differential between the Executive’s new salary and the Executive’s pro-rated base salary at the time of termination.

The above summary of the Agreements for Ms. Kinard and Mr. Benjamin is qualified in its entirety by the attached exhibits, which are attached hereto as Exhibits 10.1 and 10.2, respectively, and incorporated herein by reference.


Name	Votes For		Votes Withheld		Broker Non-Votes
J. Egerton Burroughs		1,361,484		78,589		102,150
Marsha W. Griffin		1,354,284		85,789		102,150
L. Morgan Martin		1,366,784		73,289		102,150
Dennis L. Wade		1,366,784		73,289		102,150
Chester A. Duke		1,361,484		78,589		102,150
Benjy A. Hardee		1,323,884		116,189		102,150
John L. Napier		1,366,784		73,289		102,150

~~Item~~Ratification ~~9.01.~~of ~~Financial~~the ~~Statements~~Appointment ~~and~~of ~~Exhibits.~~Elliott Davis

(d) Exhibits


Votes For	Votes Against		Votes Abstained
1,534,723		—		7,500

ExhibitNo.		Exhibit
10.1		Employment Agreement dated May 16, 2012, between Coastal Carolina National Bank and Jeffrey A. Benjamin.
10.2		Employment Agreement dated May 16, 2012, between Coastal Carolina National Bank and Dawn M. Kinard.

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.

COASTAL CAROLINA BANCSHARES, INC. By: /s/ Laurence S. Bolchoz, Jr. Laurence S. Bolchoz, Jr. Chief Executive Officer


	COASTAL CAROLINA BANCSHARES, INC.

Dated: May 24, 2012	By:	/s/ Dawn Kinard
	Name: Dawn Kinard
	Title: Senior Vice President and Chief Financial Officer

Dated: May 21, 2012

Filing Compare · Coastal Carolina Bancshares, Inc.