Current Report Filing (8-k)
20 December 2022 - 12:33AM
Edgar (US Regulatory)
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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): December 19,
2022
Amerant Bancorp Inc.
(Exact name of registrant as specified in its
charter)
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Florida |
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001-38534 |
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65-0032379 |
(State or other jurisdiction
of incorporation |
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(Commission
file number) |
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(IRS Employer
Identification Number) |
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220 Alhambra Circle |
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Coral Gables, Florida
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33134 |
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(Address of principal executive offices) |
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(Zip Code) |
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(305) 460-8728
(Registrant's telephone number,
including area code)
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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 (see General Instruction A.2.
below):
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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:
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Title of each class |
Trading Symbol |
Name of each exchange on which registered |
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Class A Common Stock |
AMTB |
NASDAQ |
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).
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Emerging growth company |
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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.
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Item 8.01 Other Events.
On December 19, 2022, Amerant Bancorp Inc. (the “Company”) issued a
press release announcing that the Company's Board of Directors
authorized a new share repurchase program (the “New Repurchase
Program”), pursuant to which the Company may purchase, from time to
time, up to an aggregate amount of $25 million of its shares of
Class A common stock. The New Repurchase Program will be effective
from January 1, 2023 until December 31, 2023. A copy of the press
release is attached as Exhibit 99.1 to this Current Report on Form
8-K.
Under the New Repurchase Program, the Company may repurchase shares
of the Class A common stock through open market purchases, by block
purchase, in privately-negotiated transactions, or otherwise in
compliance with Rule 10b-18 under the Securities Exchange Act of
1934, as amended (the “Exchange Act”). The extent to which the
Company repurchases its shares of Class A common stock and the
timing of such purchases will depend upon market conditions,
regulatory requirements, other corporate liquidity requirements and
priorities and other factors as may be considered in the Company’s
sole discretion. Repurchases may also be made pursuant to a trading
plan under Rule 10b5-1 under the Exchange Act, which would permit
shares to be repurchased when the Company might otherwise be
precluded from doing so because of self-imposed trading blackout
periods or other regulatory restrictions. The New Repurchase
Program does not obligate the Company to repurchase any particular
amount of Class A common stock and may be suspended or discontinued
at any time without notice.
Item 9.01 Financial Statements and Exhibits
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Number
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Exhibit
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99.1
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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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.
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Date: December 19, 2022 |
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Amerant Bancorp Inc. |
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By: |
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/s/ Julio V. Pena |
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Name: Julio V. Pena |
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Title: Senior Vice President, Securities Counsel and
Assistant Corporate Secretary |
Amerant Bancorp (NASDAQ:AMTB)
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