0000950159-16-000413.txt : 20160122 0000950159-16-000413.hdr.sgml : 20160122 20160122080945 ACCESSION NUMBER: 0000950159-16-000413 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160120 ITEM INFORMATION: Termination of a Material Definitive Agreement FILED AS OF DATE: 20160122 DATE AS OF CHANGE: 20160122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Customers Bancorp, Inc. CENTRAL INDEX KEY: 0001488813 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 272290659 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35542 FILM NUMBER: 161354731 BUSINESS ADDRESS: STREET 1: 1015 PENN AVENUE STREET 2: SUITE 103 CITY: WYOMISSING STATE: PA ZIP: 19610 BUSINESS PHONE: 484-359-7113 MAIL ADDRESS: STREET 1: 1015 PENN AVENUE STREET 2: SUITE 103 CITY: WYOMISSING STATE: PA ZIP: 19610 FORMER COMPANY: FORMER CONFORMED NAME: Customers 1st Bancorp, Inc. DATE OF NAME CHANGE: 20100408 8-K 1 customers8k.htm CUSTOMERS BANCORP, INC. FORM 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 Exchange Act of 1934

Date of Report (date of earliest event reported):  January 20, 2016
__________________

CUSTOMERS BANCORP, INC.
(Exact Name of Registrant as specified in its charter)
__________________

Pennsylvania
001-35542
27-2290659
(State or other jurisdiction
of incorporation)
(Commission File Number)
(I.R.S. Employer
Identification No.)
     
 
1015 Penn Avenue
Suite 103
Wyomissing PA 19610
  
 
(Address of principal executive offices, including zip code)
  
     
 
(610) 933-2000
  
 
(Registrant's telephone number, including area code)
  
     
 
None
  
 
(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 obligations of the registrant under any of the following provisions (see General Instructions A.2. below):
 
☐
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 1.02
  
Termination of a Material Definitive Agreement.

On December 23, 2015, Customers Bancorp, Inc. (the "Company") entered into an At Market Issuance Sales Agreement (the "Sales Agreement") with FBR Capital Markets & Co., MLV & Co. LLC and Maxim Group LLC (collectively, the "Distribution Agents"), pursuant which the Company may issue and sell shares of its common stock, par value $1.00 per share, at any time and from time to time, in an aggregate offering amount up to $30,000,000.

Pursuant to the Sales Agreement, the Company sold 7,291 shares of common stock through the Distribution Agents between December 23, 2015 and January 20, 2016 for aggregate proceeds of $204,290.  In connection with the sales, the Company paid commissions to the Distribution Agents of $5,107.  On January 20, 2016, the Company and the Distribution Agents mutually agreed to terminate the Sales Agreement, with the termination to be effective immediately.

The foregoing description of the Sales Agreement is qualified in its entirety by reference to that agreement, a copy of which was filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on December 23, 2015, and is incorporated herein by reference.

This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein, nor shall there be any offer, solicitation or sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.
 
 
 

 
 
 
SIGNATURE

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.

 
CUSTOMERS BANCORP, INC.
   
   
   
 
By:  /s/ Robert E. Wahlman
 
Name:  Robert E. Wahlman
 
Title:  Executive Vice President and Chief Financial Officer
   
Date:   January 22, 2016