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): August 01, 2022 |
CAPSTAR FINANCIAL HOLDINGS, INC.
(Exact name of Registrant as Specified in Its Charter)
Tennessee | 001-37886 | 81-1527911 | ||
(State or Other Jurisdiction | (Commission File Number) | (IRS Employer | ||
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1201 Demonbreun Street, Suite 700 |
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Nashville, Tennessee |
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(Address of Principal Executive Offices) |
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Registrant’s Telephone Number, Including Area Code: 615 732-6400 |
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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:
Securities registered pursuant to Section 12(b) of the Act:
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| Trading |
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Common Stock, $1.00 par value per share |
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| NASDAQ Global Select Market |
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 7.01 Regulation FD Disclosure
Representatives of CapStar Financial Holdings, Inc. will participate in the KBW Community Bank Investor Conference on August 1, 2022. A copy of the presentation that will be used in the investor meetings is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The presentation furnished as Exhibit 99.1 to this Current Report on Form 8-K contains information regarding a letter of intent entered into on July 28, 2022 to sell $64.8 million of Tri-Net loans previously held for sale. Those loans will be sold at a loss of approximately $1.2 million after tax. Upon finalizing this sale in the third quarter of 2022, the Company will have approximately $33.5 million remaining of closed or unclosed Tri-Net loans. As previously communicated, the Company has paused further commitments early in the third quarter of 2022 and will only restart originations when clear indications of market stabilization and liquidity normalization are observed.
Item 9.01 Financial Statements and Exhibits
Exhibit Number | Description |
99.1 | Presentation by CapStar Financial Holdings, Inc. on August 1, 2022 |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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 thereunto duly authorized.
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| CAPSTAR FINANCIAL HOLDINGS, INC. |
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Date: | August 1, 2022 | By: | /s/ Michael J. Fowler |
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| Michael J. Fowler |