-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ODIqIrOoDRNntJ/BMaiNisJeDAgaya0i5E+M/Yh3MkYIc7Nth0WJDwVsdlN+/NZC aLRbN8EjoSwK/jboD1zbWw== 0000890566-00-001796.txt : 20001222 0000890566-00-001796.hdr.sgml : 20001222 ACCESSION NUMBER: 0000890566-00-001796 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20001221 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20001221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL BANCSHARES CORP CENTRAL INDEX KEY: 0000315709 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 742157138 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-09439 FILM NUMBER: 793572 BUSINESS ADDRESS: STREET 1: 12OO SAN BERNARDO AVE STREET 2: PO BOX 1359 CITY: LAREDO STATE: TX ZIP: 78040-1359 BUSINESS PHONE: 9567227611 MAIL ADDRESS: STREET 1: P O BOX 1359 STREET 2: 1200 SAN BERNARDO CITY: LAREDO STATE: TX ZIP: 78040 8-K 1 0001.txt 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): DECEMBER 21, 2000 INTERNATIONAL BANCSHARES CORPORATION (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) COMMISSION FILE NUMBER 0-9439 TEXAS 74-2157138 - ---------------------------------------- ------------------- (STATE OR OTHER JURISDICTION (I.R.S. EMPLOYER OF INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.) 1200 SAN BERNARDO, LAREDO, TEXAS 78040-1359 - ---------------------------------------- ------------------- (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE) (956) 722-7611 NONE (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT) ITEM 5. OTHER EVENTS ON DECEMBER 21, 2000, INTERNATIONAL BANCSHARES CORPORATION ("IBC") ISSUED A NEWS RELEASE ANNOUNCING THAT ITS BOARD OF DIRECTORS AUTHORIZED IBC TO EXPAND ITS STOCK REPURCHASE PROGRAM. IBC IS NOW AUTHORIZED TO REPURCHASE UP TO $45 MILLION OF ITS COMMON STOCK THROUGH DECEMBER 2001, COMPARED TO THE PRIOR AUTHORIZATION OF $35 MILLION THROUGH DECEMBER 2000. STOCK REPURCHASES MAY BE MADE FROM TIME TO TIME, ON THE OPEN MARKET OR THROUGH PRIVATE TRANSACTIONS. SHARES REPURCHASED IN THIS PROGRAM WILL BE HELD IN TREASURY FOR REISSUE FOR VARIOUS CORPORATE PURPOSES, INCLUDING EMPLOYEE STOCK OPTION PLANS. AS OF DECEMBER 20, 2000, A TOTAL OF 729,731 SHARES WERE REPURCHASED UNDER THIS PROGRAM AT A TOTAL COST OF APPROXIMATELY $30 MILLION. THE COMPANY CURRENTLY HAS APPROXIMATELY $51 MILLION INVESTED IN TREASURY SHARES, WHICH AMOUNT HAS BEEN ACCUMULATED SINCE THE INCEPTION OF THE COMPANY. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS C. EXHIBITS THE FOLLOWING EXHIBIT IS FILED AS PART OF THIS REPORT: (99) NEWS RELEASE OF INTERNATIONAL BANCSHARES CORPORATION DATED DECEMBER 21, 2000. 2 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. INTERNATIONAL BANCSHARES CORPORATION (REGISTRANT) BY: /s/ DENNIS E. NIXON DENNIS E. NIXON, PRESIDENT, AND CHIEF EXECUTIVE OFFICER DATE: DECEMBER 21, 2000 3 EXHIBIT INDEX EXHIBIT PAGE NUMBER DESCRIPTION NUMBER ------- ----------- ------ 99 NEWS RELEASE OF INTERNATIONAL 5 BANCSHARES CORPORATION DATED DECEMBER 21, 2000 4 EX-99 2 0002.txt CONTACT: DENNIS E. NIXON CHAIRMAN & CEO INTERNATIONAL BANCSHARES CORPORATION (956) 722-7611 KATIE BRICKMAN HARVEY TAYLOR WEST ADVERTISING (210) 826-8899 FOR IMMEDIATE RELEASE: INTERNATIONAL BANCSHARES CORPORATION EXPANDS STOCK REPURCHASE PROGRAM LAREDO, TEXAS--(BUSINESS WIRE)--DECEMBER 21, 2000--INTERNATIONAL BANCSHARES CORPORATION (NASDAQ:IBOC) ANNOUNCED THAT ITS BOARD OF DIRECTORS EXPANDED ITS STOCK REPURCHASE PROGRAM. THE COMPANY IS NOW AUTHORIZED TO REPURCHASE UP TO $45 MILLION OF ITS COMMON STOCK THROUGH DECEMBER 2001, COMPARED TO THE PRIOR AUTHORIZATION OF $35 MILLION THROUGH DECEMBER 2000. STOCK REPURCHASES MAY BE MADE FROM TIME TO TIME, ON THE OPEN MARKET OR THROUGH PRIVATE TRANSACTIONS. SHARES REPURCHASED IN THIS PROGRAM WILL BE HELD IN TREASURY FOR REISSUE FOR VARIOUS CORPORATE PURPOSES, INCLUDING EMPLOYEE STOCK OPTION PLANS. AS OF DECEMBER 20, 2000, A TOTAL OF 729,731 SHARES WERE REPURCHASED UNDER THIS PROGRAM AT A TOTAL COST OF APPROXIMATELY $30 MILLION. THE COMPANY CURRENTLY HAS APPROXIMATELY $51 MILLION INVESTED IN TREASURY SHARES, WHICH AMOUNT HAS BEEN ACCUMULATED SINCE THE INCEPTION OF THE COMPANY. IBC IS A $5.8 BILLION MULTI-BANK FINANCIAL HOLDING COMPANY HEADQUARTERED IN LAREDO, TEXAS, WITH 100 FACILITIES AND 204 ATM'S SERVING 28 COMMUNITIES INCLUDING HOUSTON, SAN ANTONIO, CORPUS CHRISTI, MCALLEN, BROWNSVILLE, PORT LAVACA, ZAPATA AND OTHER COMMUNITIES THROUGHOUT THE RIO GRANDE VALLEY AND THE TEXAS GULF COAST. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THE STATEMENTS CONTAINED IN THIS RELEASE WHICH ARE NOT HISTORICAL FACTS CONTAIN FORWARD LOOKING INFORMATION WITH RESPECT TO PLANS, PROJECTIONS OR FUTURE PERFORMANCE OF IBC AND ITS SUBSIDIARIES, THE OCCURRENCE OF WHICH INVOLVE CERTAIN RISKS AND UNCERTAINTIES DETAILED IN IBC'S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. COPIES OF IBC'S SEC FILINGS AND ANNUAL REPORT (AS AN EXHIBIT TO THE 10-K) MAY BE DOWNLOADED FROM THE INTERNET AT NO CHARGE FROM FREEEDGAR, A REAL-TIME ACCESS TO SEC FILINGS SITE LOCATED AT HTTP://WWW.FREEEDGAR.COM. 5 -----END PRIVACY-ENHANCED MESSAGE-----