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) July 22, 2016 (July 21, 2016)
Peoples United Financial, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
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001-33326
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20-8447891
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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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850 Main Street, Bridgeport, CT
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06604
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code (203) 338-7171
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 obligations of the registrant under any of the following provisions:
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x
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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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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 2.02.
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Results of Operations and Financial Condition.
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On July 21, 2016, Peoples United Financial, Inc.
(Peoples United) issued a press release announcing its results of operations for the three- and six-month periods ended June 30, 2016. A copy of that press release is being furnished herewith as Exhibit 99.1.
The information contained in and accompanying this Form 8-K with respect to Item 2.02 (including Exhibit 99.1 hereto) is being furnished to, and not filed
with, the Securities and Exchange Commission in accordance with General Instruction B.2 to Form 8-K.
Peoples United hereby files the Investor Presentation attached hereto as Exhibit
99.2.
Item 9.01.
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Financial Statements and Exhibits
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(d)
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The following Exhibits are submitted herewith.
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Exhibit
No.
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Description
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99.1
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Earnings Press Release dated July 21, 2016
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99.2
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Investor Presentation dated July 21, 2016
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Additional Information
As previously disclosed, on June 27, 2016, Peoples United issued a press release announcing the execution of an Agreement and Plan of Merger, dated as of
June 26, 2016, by and between Peoples United and Suffolk Bancorp (Suffolk), pursuant to which, on the terms and subject to the conditions set forth therein, Suffolk will merge with and into Peoples United, with Peoples
United as the surviving corporation in the merger.
This communication contains forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 including, but not limited to, Peoples Uniteds and Suffolks expectations or predictions of future financial or business performance or conditions. Forward-looking statements are typically identified by
words such as believe, expect, anticipate, intend, target, estimate, continue, positions, plan, predict, project,
forecast, guidance, goal, objective, prospects, possible or potential, by future conditional verbs such as assume, will, would,
should, could or may, or by variations of such words or by similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time, are difficult
to predict and are generally beyond the control of either company. Forward-looking statements speak only as of the date they are made and we assume no duty to update forward-looking statements. Actual results may differ materially from current
projections.
In addition to factors previously disclosed in Peoples Uniteds and Suffolks reports filed with
the Securities and Exchange Commission (
SEC
) and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical
performance: ability to obtain regulatory approvals and meet other closing conditions to the merger, including approval by Suffolk shareholders on the expected terms and schedule, and including the risk that regulatory approvals required for the
merger are not obtained or are obtained subject to conditions that are not anticipated; delay in closing the merger; difficulties and delays in integrating the Suffolk business or fully realizing cost savings and other benefits; business disruption
following the merger; changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; customer acceptance of Peoples Uniteds products and services;
customer borrowing, repayment, investment and deposit practices; customer disintermediation; the introduction, withdrawal, success and timing of business initiatives; competitive conditions; the inability to realize cost savings or revenues or to
implement integration plans and other consequences associated with mergers, acquisitions and divestitures; economic conditions; the impact, extent and timing of technological changes; capital management activities; litigation; increased capital
requirements, other regulatory requirements or enhanced regulatory supervision; and other actions of the Federal Reserve Board and legislative and regulatory actions and reforms.
Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.
Important Additional Information and Where to Find It
This communication is being made in respect of the proposed merger transaction involving Peoples United and Suffolk. Peoples United intends to
file a registration statement on Form S-4 with the SEC, which will include a proxy statement of Suffolk and a prospectus of Peoples United, and each party will file other documents regarding the proposed transaction with the SEC. A
definitive proxy statement/prospectus will also be sent to the Suffolk shareholders seeking any required shareholder approval. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a
solicitation of any vote or approval. Before making any voting or investment decision, investors and security holders of Suffolk are urged to carefully read the entire registration statement and proxy statement/prospectus, when they become
available, and any other relevant documents filed with the SEC, as well as any amendments or supplements to these documents, because they will contain important information about the proposed transaction. The documents filed by Peoples
United and Suffolk with the SEC may be obtained free of charge at the SECs website at www.sec.gov. In addition, the documents filed by Peoples United may be obtained free of charge from Peoples United at www.peoples.com under
the tab Investor Relations and then under the heading Financial Information, and the documents filed by Suffolk may be obtained free of charge from Suffolk at www.scnb.com under the tab Investor Relations and then
under the tab SEC Filings. Alternatively, these documents, when
available, can be obtained free of charge from Peoples United upon written request to Peoples United Financial, Inc., 850 Main Street, Bridgeport, Connecticut 06604, Attn: Investor
Relations, or by calling (203) 338-4581, or from Suffolk upon written request to Suffolk Bancorp, 4 West Second Street, Riverhead, New York 11901, Attn: Investor Relations, or by calling (631) 208-2400.
Peoples United and Suffolk and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of
proxies from the shareholders of Suffolk in favor of the approval of the merger. Information regarding Peoples Uniteds directors and executive officers is contained in Peoples Uniteds Annual Report on Form 10-K for the
year ended December 31, 2015 and its Proxy Statement on Schedule 14A, dated March 11, 2016, which are filed with the SEC. Information regarding Suffolks directors and executive officers is contained in Suffolks Annual Report on Form
10-K for the year ended December 31, 2015 and its Proxy Statement on Schedule 14A, dated April 6, 2016, which are filed with the SEC. Additional information regarding the interests of those participants and other persons who may be deemed
participants in the transaction may be obtained by reading the registration statement and the proxy statement/prospectus when they become available. Free copies of these documents may be obtained as described in the preceding paragraph.
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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Peoples United Financial, Inc.
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(Registrant)
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Date: July 22, 2016
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By:
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/s/ Robert E.
Trautmann
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(Signature)
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Name:
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Robert E. Trautmann
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Title:
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General Counsel and Corporate Secretary
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EXHIBIT INDEX
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Exhibit
No.
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Description
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Page
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99.1
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Earnings Press Release dated July 21, 2016
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99.1-1
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99.2
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Investor Presentation dated July 21, 2016
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99.2-1
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