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)
April 3, 2017
FNB BANCORP
(Exact name of registrant as specified in its charter)
California
(State or other jurisdiction of incorporation)
000-49693 | 92-2115369 |
(Commission File Number) | (IRS Employer Identification No.) |
975 El Camino Real, South San Francisco, California | 94080 |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (650) 588-6800
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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On March 31, 2017, the registrant announced that its Board of Directors declared a stock split, aggregating approximately 2,436,057 shares, payable at the rate of three shares of FNB Bancorp common stock for every two shares of FNB Bancorp common stock owned. The stock split will be payable on May 26, 2017, to shareholders of record as of May 5, 2017.
A copy of the News Release issued by the registrant on April 3, 2017, is attached to this report as Exhibit 99.01 and is incorporated here by reference.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
99.01 | News Release dated April 3, 2017, announcing a three for two stock split, payable on May 26, 2017. |
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.
FNB BANCORP (Registrant) | ||
Dated: April 3, 2017. |
By: | /s/ David A. Curtis |
David A. Curtis | ||
Senior Vice President and | ||
Chief Financial Officer |
Exhibit 99.01
NEWS RELEASE
For Immediate Release | Contact: Tom McGraw |
650-875-4865 |
FNB Bancorp Declares Three for Two Stock Split
South San Francisco, CA: April 3, 2017: FNB Bancorp (OTCQB: FNBG), the parent company of First National Bank of Northern California, announced that its Board of Directors declared a three share for two share stock split, aggregating approximately 2,436,057 shares, payable on May 26, 2017 to shareholders of record as of May 5, 2017.
"We are pleased to be able to announce our three for two stock split. We believe this action may make it easier for the small investor to acquire our shares and we are hopeful that the additional shares outstanding may, over time, add to the daily trading volume of our stock" stated Tom McGraw, CEO.
Cautionary Statement: This release contains certain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those stated herein. Management's assumptions and projections are based on their anticipation of future events and actual performance may differ materially from those projected. Risks and uncertainties which could impact future financial performance include, among others, (a) competitive pressures in the banking industry; (b) changes in the interest rate environment; (c) general economic conditions, either nationally or regionally or locally, including fluctuations in real estate values; (d) changes in the regulatory environment; (e) changes in business conditions or the securities markets and inflation; (f) possible shortages of gas and electricity at utility companies operating in the State of California, and (g) the effects of terrorism, including the events of September 11, 2001, and thereafter, and the conduct of war on terrorism by the United States and its allies. Therefore, the information set forth herein, together with other information contained in the periodic reports filed by FNB Bancorp with the Securities and Exchange Commission, should be carefully considered when evaluating its business prospects. FNB Bancorp undertakes no obligation to update any forward-looking statements contained in this release.