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
September 12, 2000
Date of Report (Date of earliest event reported)
TRUSTMARK CORPORATION
(Exact name of registrant as specified in its charter)
Mississippi 0-3683 64-0471500
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
248 East Capitol Street
Jackson, MS 39201
(Address, including zip code, of principal executive office)
(601) 354-5111
(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS
Trustmark Corporation (NASDAQ: TRMK) and The Luckyday Foundation today
announced that Trustmark has repurchased 3.35 million shares of Trustmark
Corporation stock from The Luckyday Foundation in a cash transaction valued at
$58.6 million. The Luckyday Foundation, established by the late Frank Rogers
Day, former Trustmark Chairman and CEO, supports collegiate education in
Mississippi through scholarships for Mississippi residents.
Holmes S. Adams, Chairman of the Board of Managers of The Luckyday
Foundation, said, "The Luckyday Foundation believes that Trustmark is a fine
institution and the Foundation has confidence in its management team. To fulfill
the Foundation's primary purpose of promoting higher education in Mississippi,
however, the Foundation felt it prudent to have a more diversified investment
portfolio."
Richard G. Hickson, Trustmark's President and Chief Executive Officer,
stated, "The repurchase of these shares represented an excellent opportunity for
Trustmark to continue its on-going capital management program."
In November 1998, Trustmark's Board of Directors implemented a capital
management plan which authorized the repurchase of up to 5.46 million shares of
the Corporation's common stock. In July 2000, Trustmark's Board of Directors
authorized the repurchase of an additional 3.44 million shares. On September 12,
2000, Trustmark's Board of Directors authorized the repurchase of 3.35 million
shares from The Luckyday Foundation in addition to its existing share repurchase
programs. Including the shares repurchased from The Luckyday Foundation,
approximately 8.44 million shares have been repurchased since repurchase plans
were implemented in November 1998. Collectively, Trustmark has remaining
authorization to repurchase up to 3.81 million shares. The repurchase program
continues to be subject to market conditions and management discretion and will
continue to be implemented through open market purchases or privately negotiated
transactions as previously disclosed.
Trustmark Corporation is the parent of Trustmark National Bank.
Trustmark provides banking, investment and insurance solutions through a network
of 130 banking locations and 155 ATMS.
CONTACTS:
Trustmark:
Financial:
Zach Wasson (601) 949-6818
Joey Rein (601) 949-6898
Media:
Gray Wiggers (601) 354-5942
Luckyday Foundation:
Holmes S. Adams (601) 353-3234
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.
TRUSTMARK CORPORATION
BY: /s/ Richard G. Hickson BY: /s/ Gerard R. Host
---------------------- ------------------
Richard G. Hickson Gerard R. Host
President & Chief Treasurer (Principal
Executive Officer Financial Officer)
DATE: September 12, 2000 DATE: September 12, 2000