UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): November 27, 2013 |
SEACOAST BANKING CORPORATION OF FLORIDA |
| (Exact Name of Registrant as Specified in its Charter) |
| |
| Florida | 000-13660 | 59-2260678 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| | | |
815 Colorado Avenue, Stuart, Florida | 34994 |
| (Address of Principal Executive Offices) | (Zip Code) |
| | |
Registrant’s telephone number, including area code: (772) 287-4000 |
|
| (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 communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
Reverse Stock Split
On November 27, 2013, Seacoast Banking Corporation of Florida (the “Company”) announced that the Company’s Board of Directors (the “Board”) had approved a 1-for-5 reverse split of its common stock, par value $0.10 per share. The Company’s shareholders previously authorized the Board to approve a reverse stock split at the annual meeting in May 2013. The effective time for the reverse stock split is 12:01 a.m. Eastern Standard Time on December 13, 2013.
A copy of the press release announcing the reverse stock split is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Redemption of Series A Preferred Stock
On November 29, 2013, the Company announced that it had issued a notice to redeem, subject to regulatory approval, all of its 2,000 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A, for an aggregate price of $50 million, the face liquidation amount of the shares, plus approximately $386,000 of accrued but unpaid dividends. The redemption date is anticipated to be December 31, 2013, subject to regulatory approval.
A copy of the press release announcing the reverse stock split is attached hereto as Exhibit 99.2 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| | | |
| Exhibit No. | | Description |
| 99.1 | | Press Release dated November 27, 2013 |
| | | |
| 99.2 | | Press Release dated November 29, 2013 |
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 undersignedhereunto duly authorized.
| | SEACOAST BANKING CORPORATION OF FLORIDA |
| | |
| | By: | /s/ William R. Hahl |
| | | William R. Hahl
Executive Vice President and Chief Financial Officer |
Date: December 2, 2013
