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): August 22, 2008
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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OTHER
EVENTS.
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On August
22, 2008, Bimini Capital Management, Inc. (the “Company”) issued the press
release attached hereto as Exhibit 99.1 announcing that the Company’s Class
A Common Stock, par value $0.001, has been added to the list of securities
eligible to be quoted on the OTC Bulletin Board effective August 18,
2008. The Company’s ticker symbol remains “BMNM.”
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ITEM
9.01.
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FINANCIAL
STATEMENTS AND EXHIBITS.
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(d)
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Exhibits
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Exhibit
99.1 – Press Release of Bimini Capital Management, Inc. dated August 22,
2008
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:
August 22, 2008
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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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Vice
Chairman, President and Chief Executive
Officer
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Exhibit
99.1
BIMINI
CAPITAL MANAGEMENT CLASS A COMMON STOCK
NOW
QUOTED ON THE OTC BULLETIN BOARD
VERO BEACH, FL (August 22,
2008) — Bimini Capital Management, Inc. (OTCBB: BMNM) (“Bimini Capital”
or the “Company”), a real estate investment trust (“REIT”), today announced that
its Class A Common Stock, par value $0.001, has been added to the list of
securities eligible to be quoted on the OTC Bulletin Board effective as of
August 18, 2008. The Company’s ticker symbol remains
“BMNM.”
About
Bimini Capital Management
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.
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Contact:
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Robert
E. Cauley
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President
& Chief Executive Officer
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(772)
231-1400
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HU
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www.biminicapital.com
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