Current Report Filing (8-k)
October 22 2019 - 8:36AM
Edgar (US Regulatory)
0000090498
False
0000090498
2019-10-17
2019-10-17
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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): October
17, 2019
SIMMONS FIRST NATIONAL CORPORATION
(Exact name of registrant as specified in its charter)
_______________________________
Arkansas
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000-06253
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71-0407808
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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501 Main Street,
Pine Bluff,
Arkansas
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71601
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(Address of Principal Executive Offices)
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(Zip Code)
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(870) 541-1000
Registrant's telephone number, including area code:
Not
Applicable
(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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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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Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common stock, par value $0.01 per share
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SFNC
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The NASDAQ Global Select Market
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act
of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company,indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02.
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Results of Operations and Financial Condition.
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On October 22, 2019, Simmons First National Corporation
("Company") issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by
reference.
On October 17, 2019, the board of directors of the Company authorized a new stock repurchase program (“Program”)
under which the Company may repurchase up to $60,000,000 of its Class A common stock (“Common Stock”) currently issued
and outstanding. The Program will be executed in accordance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended
(“Exchange Act”), and will terminate on October 31, 2021 (unless terminated sooner). The new Program replaces the Company’s
existing stock repurchase program, which was announced on July 23, 2012. Under the Program, the Company may repurchase shares of
its Common Stock through open market and privately negotiated transactions or otherwise (including pursuant to a trading plan in
accordance with Exchange Act Rule 10b5-1). The timing, pricing, and amount of any repurchases under the Program will be determined
by the Company’s management at its discretion based on a variety of factors, including, but not limited to, trading volume
and market price of the Common Stock, corporate considerations, the Company’s working capital and investment requirements,
general market and economic conditions, and legal requirements. The Program does not obligate the Company to repurchase any Common
Stock and may be modified, discontinued, or suspended at any time without prior notice.
Item 9.01.
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Financial Statements and Exhibits
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Exhibit 104.
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Cover Page Interactive Date File (embedded within the Inline XBRL Document)
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SIGNATURE
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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SIMMONS FIRST NATIONAL CORPORATION
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/s/ Robert A. Fehlman
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Date: October 22, 2019
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Robert A. Fehlman, Senior Executive Vice President,
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Chief Financial Officer, Chief Operating Officer and Treasurer
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