8-K

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 and Exchange Act of 1934

Date of Report: September 24, 2015

(Date of earliest event reported)

Umpqua Holdings Corporation

(Exact Name of Registrant as Specified in Its Charter)

OREGON (State or Other Jurisdiction of Incorporation or Organization) 000-25597 (Commission File Number) 93-1261319 (I.R.S. Employer Identification Number)

One SW Columbia Street, Suite 1200

Portland, Oregon 97258

(address of Principal Executive Offices) (Zip Code)

(503) 727-4100

(Registrant's Telephone Number, Including Area Code)

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))

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) On September 24, 2015, Umpqua Holdings Corporation (the “Company”) announced the appointment of John Schultz to the Company’s Board of Directors beginning effective September 25, 2015. A copy of the press release is attached as Exhibit 99.1 and incorporated herein by reference. Mr. Schultz will receive the Company’s standard independent director compensation, which consists of: (i) a quarterly retainer of $17,500 payable in the form of an equity award (with up to 30% paid in cash), and (ii) eligibility for an annual equity award in 2016 with an approximate value of $40,000. Mr. Schultz will initially serve on the Board’s Audit & Compliance Committee and Enterprise Risk & Credit Committee.

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.

	UMPQUA HOLDINGS CORPORATION (Registrant)
Dated:  September 24, 2015	By:/s/ Andrew H. Ognall Andrew H. Ognall Executive Vice President, General Counsel and Secretary

EXHIBIT INDEX

Exhibit Number	Description
99.1	Press Release dated September 24, 2015

EX-99.1

FOR IMMEDIATE RELEASE    

Contact:

Eve Callahan    

EVP, Corporate Communications    

Umpqua Holdings Corporation

503-727-4188

evecallahan@umpquabank.com

UMPQUA HOLDINGS CORPORATION NAMES JOHN F. SCHULTZ, HEWLETT-PACKARD COMPANY EVP & GENERAL COUNSEL, TO BOARD OF DIRECTORS

PORTLAND, Ore. – September 24, 2015 – Umpqua Holdings Corporation (NASDAQ:UMPQ), the parent company of Umpqua Bank, has appointed John F. Schultz to its board of directors, effective September 25, 2015.

As Executive Vice President, General Counsel and Corporate Secretary for HP, Schultz oversees all of the company’s legal efforts as well as all of HP’s ethics and compliance and global security functions. Schultz currently manages more than 1,200 attorneys and staff spanning 50 countries.

“John is a tremendous addition to Umpqua’s board of directors,” said Ray Davis, president and CEO of Umpqua Holdings Corporation. “He brings exceptional legal, regulatory and risk management expertise that complements that of our board and management team, and will help position Umpqua for continued growth.”

Previously, Schultz was HP’s Deputy General Counsel for Litigation Investigations and Global Functions, managing major litigation filed against the company on a global basis, including intellectual property, government and commercial / employment disputes. Before joining HP, he was a litigation partner at Morgan Lewis, defending consumer class-action, fiduciary responsibility and technology-related commercial litigation.

Schultz also serves on the boards of a number of nonprofit organizations, including the Haiti Outreach Board, The Silicon Valley Law Foundation, the National Legal Aid and Defender Association and the Albright College Board of Trustees.

About Umpqua Holdings Corporation

Umpqua Holdings Corporation (NASDAQ: UMPQ) is the parent company of Umpqua Bank, an Oregon-based community bank recognized for its entrepreneurial approach, innovative use of technology, and distinctive banking solutions. Umpqua Bank has locations between San Francisco, California, and Seattle, Washington, along the Oregon and Northern California Coast, Central Oregon and Northern Nevada. Umpqua Holdings also owns a retail brokerage subsidiary, Umpqua Investments, Inc., which has locations in Umpqua Bank stores and in dedicated offices in Oregon. Umpqua Private Bank serves high net worth individuals and non-profits, providing trust and investment services. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit www.umpquaholdingscorp.com.

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