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):June 10, 2019

People’s Utah Bancorp

(Exact name of Registrant as Specified in Its Charter)

Utah	001-37416	87-0622021
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
1 East Main Street, American Fork, UT		84003
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s Telephone Number, Including Area Code: (801) 642-3998

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 (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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	PUB	The Nasdaq Stock Market LLC

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 8.01Other Events.

On June 10, 2019, the Company issued a press release formally announcing Natalie Gochnour joining its Board of Directors.  A copy of the press release is attached as Exhibit 99.1 and incorporated herein by reference.  

Item 9.01Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number	Description
99.1	Press release announcing the appointment of a new member of Board of Directors.

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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.

	People’s Utah Bancorp
Date: June 10, 2019	By:	/s/ Mark K. Olson
		Mark K. Olson
		Executive Vice President and Chief Financial Officer

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EX-99.1

Exhibit 99.1

,

NATALIE GOCHNOUR JOINS PEOPLE’S UTAH BANCORP’S
BOARD OF DIRECTORS

AMERICAN FORK, UTAH (June 10, 2019) – People’s Utah Bancorp (NASDAQ: PUB) has announced the addition of Natalie Gochnour, M.S., to its Board of Directors. The election by People’s Utah Bancorp shareholders took place at the 2019 Annual Shareholders meeting. Gochnour has served on the Salt Lake County Advisory Board for Bank of American Fork since 2017.  Her three-year term on the People’s Utah Bancorp board begins immediately.

Gochnour is an associate dean in the David Eccles School of Business and the director of the Kem C. Gardner Policy Institute at the University of Utah.  She also serves as the chief economist for the Salt Lake Chamber.  Her election to the board brings additional economic and business expertise to People’s Utah Bancorp and its operating bank.

“With a broad background in business and economics, and with strong ties to the Utah community, we believe Natalie is a perfect fit for the People’s Utah Bancorp Board of Directors,” said Rick Beard, Chairman of the Board. “Her experience and expertise will be invaluable as we execute our plan for continued growth and maintaining the best possible service for our clients.”

Gochnour has a long history of public service and involvement in the community.  She advised Utah governors Norman H. Bangerter, Michael O. Leavitt, and Olene Walker and was the media spokesperson for the governor’s office during the 2002 Olympic Winter Games.  She was a political appointee in the George W. Bush administration, serving in both the Environmental Protection Agency and the Department of Health and Human Services.

Gochnour currently serves on several community non-profit boards, including Primary Children’s Hospital, World Trade Center Utah, Utah Olympic Legacy Foundation, and Envision Utah. She also serves on an advisory board for Dominion Energy and the Corporate Governing Board of O.C. Tanner. Gochnour is keenly interested in public policies that promote balance, civility, and prosperity, sharing her views in regular columns in both Utah Business magazine and the Deseret News, and also co-hosting Both Sides of the Aisle, a weekly public radio program on public affairs.

About People’s Utah Bancorp

People’s Utah Bancorp is the holding company for People’s Intermountain Bank.  People’s Intermountain Bank is a full-service community bank providing loans, deposit, and cash management services to individuals and businesses. The Company offers its clients direct access to decision makers, unparalleled responsiveness, seasoned relationship managers, and technology solutions. People’s Intermountain Bank has 26 locations in three banking divisions, Bank of American Fork, Lewiston State Bank, and People’s Town & Country Bank; and a mortgage division, People’s Intermountain Bank Mortgage. The Company has been serving communities in Utah and southern Idaho for more than 100 years. More information about PUB is available at www.peoplesutah.com.

Investor Relations Contact:

Mark K. Olson

Executive Vice President and Chief Financial Officer

1 East Main Street

American Fork UT 84003

investorrelations@peoplesutah.com

Phone: 801-642-3998