CURRENT REPORT
Pursuant to Section 13
or 15(d) of the
Securities Exchange Act
of 1934
Date of Report: December 22, 2005
CLARKSTON FINANCIAL
CORPORATION
(Exact name of
registrant as
specified in its charter)
| Michigan (State or other jurisdiction of incorporation) 6600 Highland Road, Suite 24 Waterford, Michigan (Address of principal executive office) |
333-63685 (Commission File Number) |
38-3412321 (IRS Employer Identification no.) 48327 (Zip Code) |
Registrant’s
telephone number,
including area code: (248) 625-8585
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)).
The Board of Directors of Clarkston Financial Corporation has approved the acceleration of vesting of certain unvested stock options previously awarded to certain of its directors. Options to purchase 4,812 shares of common stock are subject to the acceleration. The purpose of the acceleration is to reduce the complexity and expense of valuing such stock options under FASB Statement No. 123R.
SIGNATURE
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 thereunto duly authorized.
| Dated: December 22, 2005 | CLARKSTON FINANCIAL CORPORATION (Registrant) By: /s/ J. Grant Smith —————————————— J. Grant Smith President and Chief Operating Officer |