UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM8-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): May 18, 2017
BANC OF CALIFORNIA, INC.
(Exact name of registrant as specified in its charter)
| | | | |
| Maryland | | 001-35522 | | 04-3639825 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
| | |
| 3 MacArthur Place, Santa Ana, California | | 92707 |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code:(855) 361-2262
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule14a-12 under the Exchange Act (17 CFR240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule14d-2(b) under the Exchange Act (17 CFR240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule13e-4(c) under the Exchange Act (17 CFR240.13e-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 Rule12b-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 May 18, 2017, Banc of California, Inc. (the “Company”) announced that its Board of Directors (the “Board”) has declared a quarterly cash dividend payment of $0.13 per share on its outstanding common stock. The dividend will be payable on July 3, 2017 to record holders as of June 15, 2017.
The Company also announced that the Board has declared a quarterly dividend payment on its Series C, D and E Preferred Stock in the amount of $0.50, $0.460938 and $0.4375, respectively, representing an annualized yield of 8.00%, 7.375% and 7.00%, respectively, on the liquidation preference amount for outstanding shares. The dividend will be payable on June 15, 2017 to record holders as of June 1, 2017 of depositary shares relating to the underlying Series C, D and E Preferred Stock.
A copy of the press release is attached to this report as Exhibit 99.1 and incorporated by reference herein.
| Item 9.01 | Financial Statements and Exhibits. |
| | |
| |
| 99.1 | | Banc of California, Inc. Press Release dated May 18, 2017. |
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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.
| | | | |
| | | | BANC OF CALIFORNIA, INC. |
| | |
| May 18, 2017 | | | | /s/ John C. Grosvenor |
| | | | John C. Grosvenor |
| | | | Executive Vice President, General Counsel and |
| | | | Corporate Secretary |
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EXHIBIT INDEX
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Number | | Description |
| |
| 99.1 | | Banc of California, Inc. Press Release dated May 18, 2017. |
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