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 8, 2015
Farmers Capital Bank Corporation | |
(Exact name of registrant as specified in its charter) |
Kentucky |
000-14412 |
61-1017851 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
P.O. Box 309 202 West Main St. 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) |
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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 8.01 OTHER EVENTS
On June 8, 2015, Farmers Capital Bank Corporation (the “Company”) issued a press release announcing that it completed the redemption of the final 10,000 shares of its outstanding Series A preferred stock. The redemption amount was equal to the stated liquidation value of $1,000 per share or $10.0 million in the aggregate, plus accrued dividends of $58 thousand. The Company used internally generated cash flows to facilitate the redemption and incurred no additional debt and issued no additional common equity.
A copy of the press release is attached hereto as Exhibit 99.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(D) Exhibits
Exhibit 99.1 – Press Release dated June 8, 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.
Farmers Capital Bank Corporation | ||
June 8, 2015 |
/s/ Mark A. Hampton | |
Date |
Mark A. Hampton | |
Executive Vice President, Secretary, and Chief Financial Officer |
3
Exhibit 99.1
Press Release Dated June 8, 2015
NEWS RELEASE
June 8, 2015
Farmers Capital Bank Corporation Redeems Final Portion of its Outstanding Preferred Stock
Frankfort, Kentucky – Farmers Capital Bank Corporation (NASDAQ: FFKT) (the “Company”) today announced that it completed the redemption of the remaining 10,000 shares of its Series A preferred stock. The redemption amount was equal to the stated liquidation value of $1,000 per share or $10.0 million in the aggregate, plus accrued dividends of $58 thousand.
The Company originally issued 30,000 shares of its Series A preferred stock in 2009. The current action is the third partial redemption of the original shares issued. No additional debt or equity was issued in connection with any of the three redemptions. Following the redemption, the Company has no preferred shares outstanding.
“Redeeming the final portion of our outstanding preferred stock is a significant event for the Company,” said Lloyd C. Hillard, Jr., President and Chief Executive Officer of the Company. “The redemption represents the full repayment of the preferred shares, which were originally issued through the U.S. Treasury’s Capital Purchase Program. The redemption is indicative of the continuing progress we’ve made to solidify the Company’s overall financial condition.”
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.