Form 8-K - Current report
September 03 2024 - 4:20PM
Edgar (US Regulatory)
false
0000094344
STEWART INFORMATION SERVICES CORP
DE
0000094344
2024-09-03
2024-09-03
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iso4217:USD
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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): September 3, 2024
STEWART INFORMATION SERVICES CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED
IN ITS CHARTER)
DELAWARE |
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001-02658 |
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74-1677330 |
(STATE OR OTHER
JURISDICTION) |
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(COMMISSION FILE
NO.) |
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(I.R.S. EMPLOYER
IDENTIFICATION
NO.) |
1360 Post Oak Blvd, Suite 100, Houston, Texas 77056
(Address Of Principal Executive Offices) (Zip
Code)
Registrant’s Telephone Number,
Including Area Code: (713) 625-8100
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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¨ |
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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¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
Common Stock, $1 par value |
STC |
New York Stock Exchange (NYSE) |
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 September 3, 2024,
Stewart Information Services Corporation (the “Company”) issued a press release announcing that its Board of Directors has
approved an increase in the Company’s annual cash dividend, from $1.90 to $2.00 per share, payable to common stockholders beginning
with the third quarterly payment of 2024. The Company also announced that its Board of Directors has declared a cash dividend of $0.50
per share of the Company’s common stock for the third quarter 2024, payable September 30, 2024, to common stockholders of record
on September 16, 2024. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information in this Item
8.01 and Exhibit 99.1 attached hereto are not deemed to be “filed” for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall
such information and exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange
Act, except as shall be expressly set forth by specific reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) EXHIBITS
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 thereunto duly authorized.
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STEWART INFORMATION SERVICES CORPORATION (Registrant) |
|
|
|
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By: |
/s/ David C. Hisey |
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(David C. Hisey, Chief Financial Officer and Treasurer) |
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Date: September 3, 2024 |
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Exhibit 99.1
NEWS From: |
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|
|
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STEWART INFORMATION SERVICES CORPORATION |
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P.O. Box 2029, Houston, Texas 77252-2029 |
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www.stewart.com |
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Contact: |
David Hisey, CFO, (713) 625-8043 |
|
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Kathryn Bass, Investor Relations, (713) 625-8633 |
F O R I M M E D I A T E R E L E A S E
STEWART INFORMATION SERVICES CORPORATION
ANNOUNCES DIVIDEND INCREASE
AND DECLARES THIRD QUARTER DIVIDEND
HOUSTON (September 3, 2024) - Stewart
Information Services Corporation (NYSE:STC) today announced a dividend increase that reflects the company’s continuing commitment
to return capital to its shareholders.
The Stewart Board of Directors has approved
an increase in the Company’s annual cash dividend from $1.90 to $2.00 per share, beginning with the third quarterly payment of
2024 of $0.50 per share, payable September 30, 2024, to common stockholders of record on September 16, 2024.
“I am pleased to announce this action in keeping with Stewart’s
goal of delivering a consistent return on capital to shareholders, both through its operational performance as well as the annual dividend,”
said Fred Eppinger, Stewart CEO.
About Stewart
Stewart Information Services Corporation (NYSE:STC) is a global
real estate services company, offering products and services through our direct operations, network of Stewart Trusted Providers™
and family of companies. From residential and commercial title insurance and closing and settlement services to specialized offerings
for the mortgage industry, we offer the comprehensive service, deep expertise and solutions our customers need for any real estate transaction.
Learn more at stewart.com. ST-IR
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