EQUITY BANCSHARES INC false 0001227500 0001227500 2025-02-03 2025-02-03

 

 

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): February 3, 2025

 

 

EQUITY BANCSHARES, INC.

(Exact name of Registrant as Specified in Its Charter)

 

 

 

Kansas   001-37624   72-1532188

(State or Other Jurisdiction

of Incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

7701 East Kellogg Drive

Suite 300

  
Wichita, Kansas     67207
(Address of Principal Executive Offices)     (Zip Code)

Registrant’s Telephone Number, Including Area Code: 316 612-6000

(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 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:

 

Title of each class

  

Trading

Symbol(s)

  

Name of each exchange

on which registered

Class A, Common Stock, par value $0.01 per share   EQBK   New York Stock Exchange

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 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 3, 2025, Gregory H. Kossover was appointed as Executive Vice President, Capital Markets of Equity Bank. Mr. Kossover, age 62, served as Executive Vice President and Chief Financial Officer of Equity Bancshares, Inc. (the “Company”) from October 2013 through April 2020, at which point he transitioned to the role of Executive Vice President and Chief Operating Officer until his retirement from banking in May 2023. He has served as a member of the Board of Directors of the Company (the “Board”) since December 2011. From June 2023 until January 2025, Mr. Kossover served as the President and Chief Financial Officer of Vantage Point Properties, Inc., a commercial real estate development and management company.

In connection with his appointment, Mr. Kossover will receive a base salary of $400,000 and will be eligible to receive an annual incentive bonus of up to 50% of his base salary, which shall be payable in cash. Mr. Kossover will receive an equity award in connection with his appointment with a target grant date fair value equal to $250,000, which will be comprised of time-based restricted stock units or stock options that will vest in five equal annual installments beginning on the first anniversary of his employment, subject to his continuing employment through each such vesting date.

There are no family relationships between Mr. Kossover and any director or executive officer of the Company, or person nominated or chosen by the Company to become a director or executive officer of the Company, nor are there any arrangements or understandings between Mr. Kossover and other persons pursuant to which he was appointed as an executive officer of the Company. The Company has had no transactions since the beginning of its last fiscal year, and has no transactions proposed, in which Mr. Kossover or any member of his immediate family, has a direct or indirect material interest that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission.

Mr. Kossover will continue serving on the Board and will remain a member of the Risk Committee of the Company and Loan Committee of Equity Bank.

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.

 

      Equity Bancshares, Inc.
Date: February 7, 2025     By:  

/s/ Chris M. Navratil

      Chris M. Navratil
      Executive Vice President and Chief Financial Officer
v3.25.0.1
Document and Entity Information
Feb. 03, 2025
Cover [Abstract]  
Entity Registrant Name EQUITY BANCSHARES INC
Amendment Flag false
Entity Central Index Key 0001227500
Document Type 8-K
Document Period End Date Feb. 03, 2025
Entity Incorporation State Country Code KS
Entity File Number 001-37624
Entity Tax Identification Number 72-1532188
Entity Address, Address Line One 7701 East Kellogg Drive
Entity Address, Address Line Two Suite 300
Entity Address, City or Town Wichita
Entity Address, State or Province KS
Entity Address, Postal Zip Code 67207
City Area Code 316
Local Phone Number 612-6000
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Class A, Common Stock, par value $0.01 per share
Trading Symbol EQBK
Security Exchange Name NYSE
Entity Emerging Growth Company false
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