1 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 ------------------------------ Date of Report (Date of earliest event reported): May 2, 2006 COOPERATIVE BANKSHARES, INC. (Exact name of registrant as specified in charter) NORTH CAROLINA 0-24626 (State or other (Commission 56-1886527 jurisdiction of File Number) (IRS Employer incorporation) Identification No.) 201 MARKET STREET, WILMINGTON, NORTH CAROLINA 28401 (Address of principal executive offices, including zip code) Registrant's telephone number, including area code: (910) 343-0181 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: /_/ 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)) 2 ITEM 8.01 OTHER EVENTS. ------------- On May 2, 2006, Cooperative Bankshares, Inc. (the "Company") issued a press release announcing that Frederick Willetts, III, the Company's Chairman and President, will be a guest speaker at the America's Community Bankers Community Bank Investor Conference on May 4, 2006 in New York, New York. A copy of the press release is attached to this Report as Exhibit 99.1 and is incorporated herein by reference. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. --------------------------------- (d) Exhibits Number Description ------ ----------- 99.1 Press Release dated May 2, 2006. 3 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. COOPERATIVE BANKSHARES, INC. /S/ Todd L. Sammons ------------------------------------- Todd L. Sammons Senior Vice President and Chief Financial Officer Date: May 2, 2006 4 EXHIBIT 99.1