UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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): April 8,
2010
Bimini
Capital Management, Inc.
(Exact
Name of Registrant as Specified in Charter)
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Maryland
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001-32171
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72-1571637
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(State
or Other Jurisdiction of Incorporation)
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(Commission File
Number)
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(IRS
Employer Identification No.)
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3305
Flamingo Drive, Vero Beach, Florida 32963
(Address
of Principal Executive Offices) (Zip Code)
Registrant’s
telephone number, including area code (772) 231-1400
N/A
(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:
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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ITEM
8.01. OTHER EVENTS.
On April
8, 2010, Bimini Capital Management, Inc., (the “Company”) issued a press release
announcing that, in connection with its previously announced 1-for-10 reverse
stock split, the stock symbol assigned to the Company has reverted back to
“BMNM” from “BMNMD.” This symbol change takes effect at the open of business on
April 9, 2010. A copy of the press release is filed herewith as
Exhibit 99.1 and is incorporated by reference herein.
ITEM
9.01. EXHIBITS.
(d) Exhibits
Exhibit 99.1 ― Press Release of Bimini
Capital Management, Inc. dated April 8,
2010.
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.
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Date:
April 8, 2010
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BIMINI
CAPITAL MANAGEMENT, INC.
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By:
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/s/
Robert E. Cauley
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Robert
E. Cauley
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Chairman
and Chief Executive Officer
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Exhibit
99.1
BIMINI
CAPITAL MANAGEMENT ANNOUNCES
NEW
STOCK SYMBOL – “BMNM”
VERO BEACH, Fla. (April 8,
2010) - Bimini Capital Management, Inc. (OTCBB:BMNMD) ("Bimini Capital" or the
"Company"), a real estate investment trust ("REIT"), today announced the new
stock symbol assigned in connection with the one-for-ten reverse stock
split of March 12, 2010, “BMNMD”, will be changed. Beginning
April 9, 2010, the Company’s Class A common stock will once again be reported on
the OTC Bulletin Board under the stock symbol “BMNM.” The Company's shares were
quoted on the OTC Bulletin Board under the stock symbol “BMNMD” for twenty (20)
business days after the one-for-ten reverse stock split, commencing March 12,
2010.
About
Bimini Capital Management, Inc.
Bimini
Capital Management, Inc. is a REIT that invests primarily in, but is not limited
to, residential mortgage-related securities issued by the Federal National
Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation
(Freddie Mac) and the Government National Mortgage Association (Ginnie Mae). Its
objective is to earn returns on the spread between the yield on its assets and
its costs, including the interest expense on the funds it borrows.
Statements
herein relating to matters that are not historical facts are forward-looking
statements as defined in the Private Securities Litigation Reform Act of 1995.
The reader is cautioned that such forward-looking statements are based on
information available at the time and on management's good faith belief with
respect to future events, and are subject to risks and uncertainties that could
cause actual performance or results to differ materially from those expressed in
such forward-looking statements. Important factors that could cause such
differences are described in Bimini Capital Management, Inc.'s filings with the
Securities and Exchange Commission, including Bimini Capital Management, Inc.'s
most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Bimini
Capital Management, Inc. assumes no obligation to update forward-looking
statements to reflect subsequent results, changes in assumptions or changes in
other factors affecting forward-looking statements.
CONTACT:
Bimini
Capital Management, Inc.
Robert E.
Cauley, 772-231-1400
Chairman
and Chief Executive Officer
www.biminicapital.com