t61907_10ka.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-K/A
 
Amendment No. 1

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Fiscal Year Ended December 31, 2007

Commission File Number 0-21656

UNITED COMMUNITY BANKS, INC.
(Exact name of registrant as specified in its charter)

Georgia
  
58-1807304
  (State or other jurisdiction of incorporation)
  
       (I.R.S. Employer Identification No.)
     
63 Highway 515, Blairsville, Georgia
  
30512
(Address of principal executive offices)
  
(Zip Code)

Registrant’s telephone number, including area code:  (706) 781-2265

Securities registered pursuant to Section 12(b) of the Act:  None

Name of exchange on which registered:  Nasdaq Global Select

Securities registered pursuant to Section 12(g) of the Act:
Common Stock, $1.00 par value

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Yes x  No o

Indicate by check mark if the registrant is not required to file reports pursuant to Sections 13 or 15(d) of the Act.
Yes o  No x

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x   No o

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.         o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer.  See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act.  (check one):

Large accelerated filer x
Accelerated filer o
Non-accelerated filer o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes o  No x

State the aggregate market value of the voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter: $1,088,226,189 based on shares held by non-affiliates at $25.89 per share, the closing stock price on the Nasdaq stock market on June 29, 2007).

As of January 31, 2008, 48,744,457 shares of common stock were issued and outstanding, including presently exercisable options to acquire 1,694,064 shares and 84,627 shares issuable under United Community Banks, Inc.’s deferred compensation plan.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the registrant’s Proxy Statement for the Annual Meeting of Shareholders to be held on April 30, 2008 are incorporated herein into Part III by reference.

 
 
 

EXPLANTORY NOTE

United Community Banks, Inc. is filing this amendment on Form 10-K/A to its Form 10-K for the year ended December 31, 2007 to correct an error on the cover page for the reported number of shares of common stock issued and outstanding, including presently exercisable options to acquire common stock and shares issuable under United’s deferred compensation plan at January 31, 2008.  The number originally reported in error was 49,965,766.  The correct number is 48,744,457.  The cover page has been corrected to reflect the change.

United Community Banks, Inc. is filing an unofficial PDF copy of the entire Form 10-K, as amended, with this amendment.
 
 
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SIGNATURES


Pursuant to the requirements of Section 13 or 15(a) of the Securities Exchange Act of 1934, United has duly caused this Report on Form 10-K, as amended, to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Blairsville, State of Georgia, on the 7th day of March, 2008.

 
  UNITED COMMUNITY BANKS, INC.  
 
(Registrant)
  
       
       
       
 
By:
/s/ Jimmy C. Tallent
  
   
Jimmy C. Tallent
  
   
President and Chief Executive Officer
  
   
(Principal Executive Officer)
  
       
 
By:
/s/ Rex S. Schuette
  
   
Rex S. Schuette
  
   
Executive Vice President and Chief Financial Officer
   
(Principal Financial Officer)
  
       
 
By:
/s/ Alan H. Kumler
  
   
Alan H. Kumler
  
   
Senior Vice President, Controller and Chief Accounting Officer
   
(Principal Accounting Officer)
  


 
 
/s/ Jimmy C. Tallent
  
 
Jimmy C. Tallent
  
 
President, Chief Executive Officer and Director
  
     
 
*
  
 
Robert L. Head, Jr.
  
 
Chairman of the Board
  
     
 
*
  
 
W. C. Nelson, Jr.
  
 
Vice Chairman of the Board
  
     
 
*
  
 
A. William Bennett
  
 
Director
  
     
 
*
  
 
Robert Blalock
  
 
Director
  
     
 
*
  
 
Guy W. Freeman
  
 
Director
  
 
 
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*
  
 
Thomas C. Gilliland
  
 
Director
  
     
 
*
  
 
Charles E. Hill
  
 
Director
  
     
 
*
  
 
Hoyt O. Holloway
  
 
Director
  
     
 
*
  
 
Clarence W. Mason, Sr.
  
 
Director
  
     
 
*
  
 
John D. Stephens
  
 
Director
  
     
 
*
  
 
Tim Wallis
  
 
Director
  
     
* By:
/s/ Jimmy C. Tallent
  
 
Jimmy C. Tallent
  
 
Attorney-in-Fact
  
 
 
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