0001144204-16-083373.txt : 20160219 0001144204-16-083373.hdr.sgml : 20160219 20160219141954 ACCESSION NUMBER: 0001144204-16-083373 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160219 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160219 DATE AS OF CHANGE: 20160219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MUTUALFIRST FINANCIAL INC CENTRAL INDEX KEY: 0001094810 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 371392810 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27905 FILM NUMBER: 161441351 BUSINESS ADDRESS: STREET 1: 110 E CHARLES STREET CITY: MUNCIE STATE: IN ZIP: 47305 BUSINESS PHONE: 7657472800 MAIL ADDRESS: STREET 1: 110 E CHARLES STREET CITY: MUNCIE STATE: IN ZIP: 47305 FORMER COMPANY: FORMER CONFORMED NAME: MFS FINANCIAL INC DATE OF NAME CHANGE: 19990910 8-K 1 v432299_8k.htm FORM 8-K

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) February 19, 2016

  

MUTUALFIRST FINANCIAL, INC.  
(Exact name of registrant as specified in its chapter)

 

Maryland 000-27905 35-2085640

(State or other jurisdiction

of incorporation)

(Commission

File Number)

 (IRS Employer Identification No.)

 

110 E. Charles Street, Muncie, Indiana 47305-2419
(Address of principal executive offices) (Zip Code)

  

Registrant's telephone number, including area code (765) 747-2800 

 

Not Applicable
(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))

 

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Item 8.01.  Other Events

 

On February 19, 2016, MutualFirst Financial, Inc. issued a press release announcing its first quarter cash dividend of $.14 per share, a 17% increase. MutualFirst Financial, Inc. also announced that its Board of Directors has authorized a new stock repurchase program. Under that program, the Company may purchase up to 375,000 shares, or approximately 5% of its currently outstanding shares of common stock. The repurchases will be made from time to time in open-market or negotiated transactions as deemed appropriate by the Company and will depend on market conditions. The stock repurchase program will expire on February 17, 2017 unless completed sooner or otherwise extended.

 

A copy of the press release is attached as Exhibit 99 to this Current Report on Form 8-K and incorporated by reference herein.

 

Item 9.01.  Financial Statements and Exhibits

 

  (d) Exhibits

 

    99 Press release dated February 19, 2016.

 

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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 thereunto duly authorized.

 

  MUTUALFIRST FINANCIAL, INC.
     
Date: February 19, 2016 By:   /s/ David W. Heeter
    David W. Heeter
    President and Chief Executive Officer

  

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EXHIBIT INDEX

 

Exhibit Number 

Description 

   
99     Press Release, dated February 19, 2016


 












 EX-99 2 v432299_ex99.htm EXHIBIT 99

MutualFirst Financial, Inc. Announces Increased Cash Dividend And Stock Repurchase Program

MUNCIE, Ind., Feb. 19, 2016 /PRNewswire/ -- MutualFirst Financial, Inc. (NASDAQ:MFSF), the holding company of MutualBank, has announced the Company will pay a cash dividend of $ .14 per share, a 17% increase, for the first quarter of 2016. The dividend will be payable on March 25, 2016 to shareholders of record on March 11, 2016.

"MutualFirst continues to build momentum, which is reflected in the increased dividend," CEO David Heeter commented. The Company and its subsidiary MutualBank are well capitalized and strong by all regulatory standards.

MutualFirst Financial, Inc. has also announced its intention today to repurchase up to 375,000 shares or approximately 5% of its outstanding shares in the open market and in privately negotiated transactions. These shares will be purchased from time to time over a twelve-month period depending upon market conditions.

David W. Heeter, President and Chief Executive Officer of the Company, indicated that the Board of Directors approved the repurchase program in view of the current price level of the Company's common stock and the strong capital position of the Company's subsidiary, MutualBank. Mr. Heeter stated, "We believe that the disciplined repurchase of our shares represents an attractive investment opportunity that will benefit the Company and our stockholders."

MutualFirst Financial, Inc. is the parent company of MutualBank, an Indiana-based financial institution since 1889. MutualBank has thirty-one full-service retail financial centers in Allen, Delaware, Elkhart, Grant, Kosciusko, Randolph, St. Joseph and Wabash Counties in Indiana. MutualBank has two offices located in Carmel and Crawfordsville, Indiana specializing in wealth management and trust services and a loan origination office in New Buffalo, Michigan. MutualBank also operates a wholly owned mortgage banking subsidiary named Summit Mortgage which operates out of Fort Wayne, Indiana. MutualBank provides a full range of financial services including commercial and business banking, personal banking, wealth management, trust services, investments and internet banking services. The Company's stock is traded on the NASDAQ National Market under the symbol "MFSF." Additional information can be found online at www.bankwithmutual.com.

Statements contained in this release, which are not historical facts, are forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time.



CONTACT: Chris Cook, Senior Vice President, Treasurer and CFO, (765) 747-2945