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<title>Palmetto Bancshares, Inc. Form 8-K</title>


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<p style='text-align:center'>&nbsp;</p>
<p style='text-align:center'>&nbsp;</p>
<p style='text-align:center'><b><font size="2">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
Washington, D. C. 20549</font></b></p><p
style='text-align:center'><b><font size="2">&nbsp;FORM 8-K</font></b></p>
<p
style='text-align:center'><b><font size="2">CURRENT REPORT</font></b></p>
<p
style='text-align:center'><b><font size="2">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></b></p>
<p
style='text-align:center'><font size="2">Date of Report (Date of earliest event reported):
</font> <b><font size="2">December 14, 2004</font></b></p>
<p
style='text-align:center'><b>Palmetto Bancshares, Inc.<br>
</b><font size="2">(Exact name of registrant as specified in charter)</font></p>
<p><font size="2">&nbsp; </font></p>
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			<td width="278" align="center"><font size="2"> <b>South Carolina</b>&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
			<td align="center"> <b><font size="2">0-26016&nbsp;</font></b></td>
			<td align="center"> <b><font size="2">&nbsp;&nbsp;&nbsp; 74-2235055</font></b></td>
		</tr>
		<tr>
			<td width="278" align="center"><font size="2">------------------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
			<td align="center"><font size="2">&nbsp;-----------------</font></td>
			<td align="center"><font size="2">---------------</font></td>
		</tr>
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			<td width="278" align="center"><font size="2">&nbsp; State or other&nbsp;&nbsp;</font></td>
			<td align="center"><font size="2">Commission File Number</font></td>
			<td align="center"><font size="2">IRS Employer </font></td>
		</tr>
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			<td width="278" align="center"><font size="2">&nbsp;jurisdiction ofincorporation or&nbsp;</font></td>
			<td align="center">&nbsp;</td>
			<td align="center"><font size="2">Identification&nbsp;Number</font></td>
		</tr>
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			<td width="278" align="center"><font size="2">&nbsp; organization</font></td>
			<td align="center">&nbsp;</td>
			<td align="center">&nbsp;</td>
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<p style='text-align:center'><b><font size="2">301 Hillcrest Drive, Laurens, South Carolina, 29360<br>
</font></b><font size="2">--------------------------------------------&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Address of principal executive offices, including zip code</font></p>
<p>&nbsp;</p><p style='text-align:center'><b><font size="2">(864) 984-4551<br>
</font></b><font size="2">--------------<br>
Registrant's telephone number</font></p><p><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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):</font></p>
<p><font size="2">&nbsp;&nbsp;&nbsp;&nbsp; [&nbsp; ]&nbsp; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
<p><font size="2">&nbsp;&nbsp;&nbsp;&nbsp; [&nbsp; ]&nbsp; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
<p><font size="2">&nbsp;&nbsp;&nbsp;&nbsp; [&nbsp; ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
<p><font size="2">&nbsp;&nbsp;&nbsp;&nbsp; [&nbsp; ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
<p>&nbsp;</p><hr color="#000080"><p>&nbsp;</p><font size="2"><br
clear=all style='page-break-before:always'>
</font>
<p><b><font size="2">Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.</font></b></p>

<p align="justify"><font size="2">(d) &nbsp; At
the December 14, 2004 meeting of the Board of Directors of Palmetto Bancshares,
Inc., Mr. John D. Hopkins, Jr. was elected to serve as a Director. This
election fills a Board vacancy resulting from a Director's departure earlier in
2004. </font> <strong style="font-weight: 400"><font size="2">Although it
is anticipated that Mr. Hopkins will serve on one or more committees of the
Board, his committee membership has not yet been determined.&nbsp; </font> </strong></p>

<p align="justify"><font size="2"><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </strong>
John D. Hopkins, Jr. has served as Owner and President of The Fieldstone Group,
a holding company for several real estate development limited liability
corporations, for the past five years. In addition, Mr. Hopkins serves on the
Board of Trustees for the Historic Greenville Foundation, the Board of the South
Carolina State Botanical Garden, and the Foundation Council of Anderson College.</font></p>

<p><strong><font size="2">&nbsp;</font></strong></p>

<p>&nbsp;</p><p>&nbsp;</p><p>&nbsp;</p><p>&nbsp;</p><hr color="#000080">
<font size="2"><br clear=all style='page-break-before:
always'>
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<p style='text-align:center'><b><font size="2">SIGNATURES</font></b></p>
<p
style='text-align:center'>&nbsp;</p><p><font size="2">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.</font></p>
<p>&nbsp;</p><p>&nbsp;</p><p><font size="2">PALMETTO BANCSHARES, INC.</font></p>
<p><font size="2">By:</font></p><p><font size="2">/s/ L. Leon Patterson<br>
---------------------------------<br>
L. Leon Patterson<br>
Chairman and Chief Executive Officer</font></p><p>&nbsp;</p><p>
<font size="2">/s/ Paul W. Stringer<br>
---------------------------------<br>
Paul W. Stringer<br>
President and Chief Operating Officer<br>
(Chief Accounting Officer)</font></p><p>&nbsp;</p><p><font size="2">Date:&nbsp;&nbsp; December 20, 2004</font></p><p>&nbsp;</p><p>&nbsp;</p>
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Palmetto Bancshares, Inc. Form 8-K
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
Date of Report (Date of earliest event reported):
December 14, 2004
Palmetto Bancshares, Inc.
(Exact name of registrant as specified in charter)
South Carolina
0-26016
74-2235055
------------------
-----------------
---------------
State or other
Commission File Number
IRS Employer
jurisdiction ofincorporation or
Identification Number
organization
301 Hillcrest Drive, Laurens, South Carolina, 29360
--------------------------------------------
Address of principal executive offices, including zip code
(864) 984-4551
--------------
Registrant's telephone number
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):
[  ]  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))
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
(d)   At
the December 14, 2004 meeting of the Board of Directors of Palmetto Bancshares,
Inc., Mr. John D. Hopkins, Jr. was elected to serve as a Director. This
election fills a Board vacancy resulting from a Director's departure earlier in
2004.
Although it
is anticipated that Mr. Hopkins will serve on one or more committees of the
Board, his committee membership has not yet been determined.
John D. Hopkins, Jr. has served as Owner and President of The Fieldstone Group,
a holding company for several real estate development limited liability
corporations, for the past five years. In addition, Mr. Hopkins serves on the
Board of Trustees for the Historic Greenville Foundation, the Board of the South
Carolina State Botanical Garden, and the Foundation Council of Anderson College.
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 thereunto duly authorized.
PALMETTO BANCSHARES, INC.
By:
/s/ L. Leon Patterson
---------------------------------
L. Leon Patterson
Chairman and Chief Executive Officer
/s/ Paul W. Stringer
---------------------------------
Paul W. Stringer
President and Chief Operating Officer
(Chief Accounting Officer)
Date:   December 20, 2004