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
August 27, 2003
Date of Report (Date of earliest event reported)
BB&T Corporation
(Exact name of registrant as specified in its charter)
Commission file number : 1-10853
| North Carolina | 56-0939887 |
| (State of incorporation) | (I.R.S. Employer Identification No.) |
| 200 West Second Street | |
| Winston-Salem, North Carolina | 27101 |
| (Address of principal executive offices) | (Zip Code) |
(336) 733-2000
(Registrant's telephone number, including area code)
This Form 8-K has 3 pages.
ITEM 5. OTHER EVENTS
The purpose of this Current Report on Form 8-K is to announce the approval of a new share repurchase program. On August 26, 2003, BB&T’s Board of Directors granted authority for the repurchase of up to 50 million shares of the Corporation’s common stock that may be acquired as needed for general corporate purposes.
The share repurchase plan approved on August 26, 2003, replaces a plan approved in February 2002 to repurchase up to 40 million shares of BB&T’s common stock. Approximately 35.4 million shares have been repurchased pursuant to this plan. The Board also authorized the Corporation to repurchase the remaining shares authorized under the February 2002 Board resolution.
S I G N A T U R E
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.
| BB&T CORPORATION | |
| (Registrant) | |
| By: /S/ Edward D. Vest | |
| Edward D. Vest | |
| Corporate Controller | |
| (Principal Accounting Officer) |
Date: August 27, 2003