- Current report filing (8-K)
11 Mayo 2012 - 9:17AM
Edgar (US Regulatory)
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
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Date of Report
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May 11, 2012
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(Date of earliest event re
ported)
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First
Ottawa Bancshares, Inc.
(Exact
name of Registrant as specified in its charter)
Delaware
(State
or other jurisdiction of incorporation)
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000-30495
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36-4331185
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(Commission File Number)
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(I.R.S. Employer Identification Number)
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701 LaSalle Street, Ottawa, Illinois
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61350
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(Address of principal executive offices)
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(Zip Code)
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(815)
434-0044
(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 (
see
General Instruction A.2 below):
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o
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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o
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
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Item
8.01. Other Events
On
May 11, 2012, First Ottawa Bancshares, Inc. (the “Company”) filed a Form 15 with the Securities and Exchange Commission
to deregister the Company’s common stock under Section 12(g)(4) of the Securities Exchange Act of 1934, as amended
by the Jumpstart Our Business Startups Act (as amended, the “Exchange Act”). The Section 12(g) deregistration will
become in 90 days, or such shorter period as determined by the Securities and Exchange Commission. Based on the filing date of
the Form 15, the Company does not expect to have any further reporting obligations under the Exchange Act after August 9, 2012.
Until the Section 12(g) deregistration is effective, the Company is required to file all reports as required by the Exchange
Act Sections 13(a), 14, and 16. The Company expects the deregistration to provide substantial cost savings in the form of reduced
audit, legal and filing expenses and other costs related to complying with the Exchange Act.
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.
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Dated:
May 11, 2012
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FIRST
OTTAWA BANCSHARES, INC.
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By:
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/s/Joachim
J. Brown
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Name:
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Joachim
J. Brown
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Title:
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President
and Chief Executive Officer
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First Ottawa Bancshares (PK) (USOTC:FOTB)
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