0001437749-14-018999.txt : 20141029 0001437749-14-018999.hdr.sgml : 20141029 20141029121031 ACCESSION NUMBER: 0001437749-14-018999 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20141029 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20141029 DATE AS OF CHANGE: 20141029 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FARMERS CAPITAL BANK CORP CENTRAL INDEX KEY: 0000713095 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 611017851 STATE OF INCORPORATION: KY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14412 FILM NUMBER: 141179223 BUSINESS ADDRESS: STREET 1: PO BOX 309 STREET 2: 202 W MAIN ST CITY: FRANKFORT STATE: KY ZIP: 40602 BUSINESS PHONE: 5022271668 MAIL ADDRESS: STREET 1: P O BOX 309 STREET 2: 202 WEST MAIN STREET CITY: FRANKFORT STATE: KY ZIP: 40602 8-K 1 ffkt20141029_8k.htm FORM 8-K ffkt20141029_8k.htm

 

 

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) – October 29, 2014

 

Farmers Capital Bank Corporation

(Exact name of registrant as specified in its charter)

  

 

Kentucky

0-14412

61-1017851

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

P.O. Box 309 Frankfort, KY

40602

(Address of principal executive offices)

(Zip Code)

 

Registrant’s telephone number, including area code: (502) 227-1668

 

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 Instruction 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))

 

 

 

 
1
 

 

ITEM 8.01     OTHER EVENTS

 

 

On October 29, 2014, Farmers Capital Bank Corporation issued a press release announcing it will repurchase a portion of its outstanding preferred stock. A copy of this press release is attached hereto as Exhibit 99.1.

 

 

ITEM 9.01     FINANCIAL STATEMENTS AND EXHIBITS

 

(D)     Exhibits

 

Exhibit 99.1 – Press Release dated October 29, 2014.

 

 
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.

 

 

 

   

Farmers Capital Bank Corporation

     
     

October 29, 2014

  

/s/ Doug Carpenter

Date

  

C. Douglas Carpenter

   

Executive Vice President, Secretary, and Chief Financial Officer

 

 

3

 EX-99 2 ex99-1.htm EXHIBIT 99.1 ex99-1.htm

 

Exhibit 99.1

Press Release Dated October 29, 2014

 

 

 

NEWS RELEASE

October 29, 2014

 

Farmers Capital Bank Corporation to Repurchase a Portion of its Outstanding Preferred Stock

 

Frankfort, Kentucky – Farmers Capital Bank Corporation (NASDAQ: FFKT) (the “Company”) announced on October 29, 2014 that the Federal Reserve Bank of St. Louis approved the request to repurchase 10,000 shares, or one-half, of its remaining outstanding Series A preferred stock. The Company will redeem, on a pro-rata basis, the preferred shares at the stated liquidation value of $1,000 per share, plus any accrued dividends. The timing of the repurchase has yet to be determined, but is expected to be completed during the fourth quarter of 2014. The total redemption amount will be $10.0 million, plus accrued dividends at 9.0% per share.

 

The Company originally issued 30,000 shares of its Series A preferred stock in 2009. The current action will be the second partial redemption of the original shares issued. No additional debt or equity was issued in connection with the first redemption of 10,000 shares during May 2014. Likewise, none will be issued in connection with the current redemption.

 

“We are pleased to be able to repay another portion of our outstanding preferred stock,” said Lloyd C. Hillard, Jr., President and Chief Executive Officer of the Company. “Repurchasing the preferred shares is another significant milestone and represents further progress we’ve made to strengthen the financial condition of the Company. Our goal is to redeem the remaining 10,000 outstanding shares as soon as possible, pending future financial performance and regulatory approval.”

 

Farmers Capital Bank Corporation is a bank holding company headquartered in Frankfort, Kentucky. The Company operates 36 banking locations in 23 communities throughout Central and Northern Kentucky, a data processing company, and an insurance company. Its stock is publicly traded on the NASDAQ Stock Market LLC exchange in the Global Select Market tier under the symbol: FFKT.