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 27, 2015
FIRST FINANCIAL BANKSHARES, INC.
(Exact Name of Registrant as Specified in its Charter)
Texas | 0-7674 | 75-0944023 | ||
(State or other Jurisdiction of Incorporation) |
(Commission File No.) |
(IRS Employer Identification No.) |
400 Pine Street, Abilene, Texas 79601
(Address of Principal Executive Offices and Zip Code)
Registrants Telephone Number (325) 627-7155
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 203.425) |
¨ | 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 240.13 e-4 (c)) |
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On January 27, 2015, the Board of Directors of First Financial Bankshares, Inc. (the Company) elected Thomas S. (Stan) Limerick, age 55, as Executive Vice President and Chief Information Officer of the Company. Prior to joining the Company, Mr. Limerick served as Senior Vice President Technology of Whitney National Bank from 2008 to 2011, manager of sales engineering of Jack Henry & Associates from 2011 to 2012 and Executive Vice President and Chief Information Officer of Ameris Bank from 2012 to 2014. Mr. Limerick graduated from the University of Texas at Dallas with a Bachelor of Science degree in Computer Science.
The Company expects to enter into its standard form Executive Recognition Agreement with Mr. Limerick as has been entered into with the named executive officers of the Company. Generally, the Executive Recognition Agreement provides for certain benefits upon a change of control of the Company that satisfies the requirements set forth therein. The foregoing description of the Executive Recognition Agreement does not purport to be complete and is qualified in its entirety by reference to the Form of Executive Recognition Agreement filed as Exhibit 10.1 to the Companys Current Report on Form 8-K filed with the Securities and Exchange Commission on June 30, 2014.
There are no arrangements or understandings between Mr. Limerick and any other persons pursuant to which he was elected Executive Vice President and Chief Information Officer of the Company. There is no family relationship between Mr. Limerick and any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer of the Company. The Company has not entered into any transaction with Mr. Limerick that would require disclosure pursuant to Item 404(a) of Regulation S-K.
A copy of the press release announcing the election of Mr. Limerick is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
99.1 Press Release dated January 28, 2015
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.
FIRST FINANCIAL BANKSHARES, INC. | ||||||
(Registrant) | ||||||
DATE: January 27, 2015 | By: | /s/ F. Scott Dueser | ||||
F. SCOTT DUESER | ||||||
President and Chief Executive Officer |
Exhibit Index
Exhibit |
Description | |
99.1 | Press Release dated January 28, 2015 |
Exhibit 99.1
For immediate release | For more information: | |||
Scott Dueser, Chairman, President and CEO | ||||
325.627.7155 |
FIRST FINANCIAL BANKSHARES NAMES LIMERICK
EXECUTIVE VICE PRESIDENT AND CHIEF INFORMATION OFFICER
ABILENE, Texas, January 28, 2015 - First Financial Bankshares, Inc. (NASDAQ: FFIN) has elected Thomas S. (Stan) Limerick to the position of Executive Vice President and Chief Information Officer. The announcement was made by the Board of Directors of First Financial Bankshares, Inc.
We are delighted to welcome Stan to the Companys executive management team and to Abilene, said F. Scott Dueser, Chairman, President and CEO. Stan has the experience and expertise to manage all strategic and operational information technology needs for our growing company.
Limerick began his technology career in 1979 at Texas Instruments. He graduated from the University of Texas at Dallas with a Bachelor of Science degree in Computer Science. His career highlights include having served as chief technology architect and manager at IBM, global enterprise and strategic process architect at General Motors and sales engineering manager at Jack Henry and Associates. Having held leadership positions at Whitney National Bank in Louisiana, Ameris Bank in Georgia and GMAC in Michigan, he brings significant financial institution experience to First Financial Bankshares, Inc. Limerick holds several U.S. Patents for technological innovations and was awarded the 500 Innovation Award from Information Week in 2010. He is a former board member of OMG (Object Management Group).
About First Financial Bankshares, Inc.
Headquartered in Abilene, Texas, First Financial Bankshares is a financial holding company that operates 12 banking regions with 62 locations in Texas including Abilene, Acton, Albany, Aledo, Alvarado, Beaumont, Boyd, Bridgeport, Brock, Burleson, Cisco, Cleburne, Clyde, Decatur, Eastland, Fort Worth, Glen Rose, Granbury, Grapevine, Hereford, Huntsville, Keller, Mauriceville, Merkel, Midlothian, Mineral Wells, Moran, New Waverly, Newton, Odessa, Orange, Port Arthur, Ranger, Rising Star, Roby, San Angelo, Southlake, Stephenville, Sweetwater, Trent, Trophy Club, Vidor, Waxahachie, Weatherford and Willow Park. The Company also operates First Financial Trust & Asset Management Company, N.A., with eight locations and First Technology Services, Inc., a technology operating company.
The Company is listed on The NASDAQ Global Select Market under the trading symbol FFIN. For more information about First Financial Bankshares, please visit our website at http://www.ffin.com.
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Certain statements contained herein may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon the belief of the Companys management, as well as assumptions made beyond information currently available to the Companys management, and may be, but not necessarily are, identified by such words as expect, plan, anticipate, target, forecast and goal. Because such forward-looking statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from the Companys expectations include competition from other financial institutions and financial holding companies; the effects of and changes in trade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumer spending, borrowing and savings habits; and acquisitions and integration of acquired businesses, and similar variables. Other key risks are described in the Companys reports filed with the Securities and Exchange Commission, which may be obtained under Investor Relations-Documents/Filings on the Companys Web site or by writing or calling the Company at 325.627.7155. Except as otherwise stated in this news announcement, the Company does not undertake any obligation to update publicly or revise any forward-looking statements because of new information, future events or otherwise.