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) : March 12, 2019

 

 


 

NATIONAL COMMERCE CORPORATION

(Exact name of registrant as specified in its charter)

 

 


 

D elaware

 

001-36878

 

20-8627710

(State or other jurisdiction

of incorporation)

 

(Commission File No.)

 

(I.R.S. Employer ID No.)

 

600 Luckie Drive, Suite 350

Birmingham, Alabama 35223

(Address of principal executive offices)

 

Registrant’s telephone n umber, including area code: (205 313-8100

 

 

(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:

 

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))

 

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 8.01.       Other Events .

 

On March 12, 2019, National Commerce Corporation (“NCOM”) announced that CenterState Bank Corporation (“CenterState”) has received approval from the Board of Governors of the Federal Reserve System for the merger of NCOM with and into CenterState pursuant to the Agreement and Plan of Merger, dated as of November 23, 2018, by and between NCOM and CenterState (the “Merger Agreement”), and the approval from the Office of the Comptroller of the Currency for the merger of NCOM’s wholly owned subsidiary bank, National Bank of Commerce (“NBC”), with and into CenterState’s wholly owned subsidiary bank, CenterState Bank, N.A. (“CenterState Bank”). As previously reported, NCOM and CenterState each obtained the necessary stockholder approval for the transaction on March 7, 2019.

 

NCOM and CenterState also jointly announced that the two companies expect that the merger of NCOM with and into CenterState will become effective on April 1, 2019, subject to the satisfaction of other closing conditions described in the Merger Agreement. The merger of NBC with and into CenterState Bank will occur immediately after the holding company merger.

 

Forward-Looking Statements

 

Certain statements contained in this report that are not statements of historical fact constitute forward-looking statements for which NCOM claims the protection of the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995 (the “Act”), notwithstanding that such statements are not specifically identified as such. In addition, certain statements may be contained in NCOM’s future filings with the Securities and Exchange Commission (the “SEC”), in press releases and in oral and written statements made by NCOM or with NCOM’s approval that are not statements of historical fact and that constitute forward-looking statements within the meaning of the Act. Examples of forward-looking statements include, but are not limited to: (a) projections of revenues, expenses, income or loss, earnings or loss per share, the payment or nonpayment of dividends, capital structure and other financial items; (b) statements of NCOM’s plans, objectives and expectations or those of its management or Board of Directors, including those relating to the merger; (c) statements of future economic performance; and (d) statements of assumptions underlying such statements. Words such as “believes,” “anticipates,” “expects,” “intends,” “targeted,” “continue,” “remain,” “will,” “should,” “may” and other similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Forward-looking statements are subject to various risks and uncertainties, including those risks and uncertainties described under the heading “Risk Factors” in NCOM’s Annual Report on Form 10-K for the year ended December 31, 2018, and described in any subsequent reports that NCOM has filed with the SEC. With respect to the merger, these risks include, among others: (1) the risk that the cost savings and any revenue synergies from the merger may not be realized or take longer than anticipated to be realized; (2) disruption from the merger with customers, suppliers, employees or other business partners; (3) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; (4) the risk of successful integration of NCOM’s businesses into CenterState; (5) the amount of the costs, fees, expenses and charges related to the merger; (6) reputational risk and the reaction of each company’s customers, suppliers, employees or other business partners to the merger; (7) the failure of the closing conditions in the Merger Agreement to be satisfied, or any unexpected delay in closing the merger; (8) the risk that the integration of NCOM’s operations into the operations of CenterState will be materially delayed or will be more costly or difficult than expected; (9) the possibility that the merger may be more expensive to complete than anticipated, including as a result of unexpected factors or events; and (10) general competitive, economic, political and market conditions. There are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in forward-looking statements, and these forward-looking statements should not be relied upon as predictions of future events. NCOM undertakes no obligation to update any forward-looking statements or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. In that respect, NCOM cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.

 

 

 

 

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.

 

 

  NATIONAL COMMERCE CORPORATION
   
March 12, 2019 /s/ Richard Murray, IV
 

Richard Murray, IV

Chairman of the Board and Chief Executive Officer

 

 

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