8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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 31, 2017

SEACOAST BANKING CORPORATION OF FLORIDA

(Exact Name of Registrant as Specified in Charter)

Florida	001-13660	59-2260678
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

815 Colorado Avenue, Stuart, Florida	34994
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (772) 287-4000

(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:

¨ 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 communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) On January 31, 2017, the Board of Directors of Seacoast National Bank (the “SNB”), a wholly-owned subsidiary of Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”), upon recommendation of the Company’s Compensation and Governance Committee, increased the size of SNB’s Board of Directors from fifteen to sixteen and elected Alvaro J. Monserrat as a director of SNB, effective immediately. SNB’s board of directors also appointed Mr. Monserrat to its Strategy and Innovation Committee.

Mr. Monserrat has served as CEO of RES Software, a leading digital workspace technology company since April 2015, after serving as Citrix Systems’ senior vice president of Worldwide Sales & Service from July 2008 to 2015. Mr. Monserrat’s career spans more than 25 years in large enterprises and entrepreneurial ventures within enterprise software, mobility, cloud, networking and business strategy. At Citrix, Monserrat was part of the executive leadership team that grew the company from hundreds of millions to more than $3 billion in revenue by 2014, and was instrumental in crafting the strategy that helped Citrix grow from a single-product company, to a multi-product industry leader. Prior to joining Citrix, Mr. Monserrat was a principal in Innovex Group (acquired by Citrix) and received numerous awards including Microsoft’s Best E-Commerce Solution and Best Small Business Solution Awards. In addition, Mr. Monserrat has served on the board of advisors for Virsto and Whiptail (2010 to 2013), on the national sponsor advisory board of the Leukemia and Lymphoma Society (2008-2009), and on the board (2009) and the board of advisors (2014-2015) of the Children’s Harbor Society. Mr. Monserrat holds a Masters of Business Administration degree from the University of Texas at Austin and a Bachelor of Science degree in Computer Science from the University of Miami.

There are no related party transactions (as defined in Item 404(a) of Regulation S-K) between the Company, SNB and Mr. Monserrat. Mr. Monserrat’s compensation for his service as a director of SNB is in accordance with the Company’s customary director compensation policies.

On February 6, 2017, Seacoast issued a press release announcing the appointment of Mr. Monserrat to SNB’s Board. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

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Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
99.1	Press release dated February 6, 2017 announcing the appointment of Alvaro J. Monserrat as a director of Seacoast National Bank

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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.

	SEACOAST BANKING CORPORATION
	OF FLORIDA
	By:	/s/ Dennis S. Hudson, III
	Dennis S. Hudson, III
	Chairman and Chief Executive Officer
Date: February 6, 2017

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release dated February 6, 2017 announcing the appointment of Alvaro J. Monserrat as Director of Seacoast National Bank

EX-99.1

Exhibit 99.1

to 8-K dated January 31, 2017

NEWS RELEASE

Dennis S. Hudson, III

Chairman and Chief Executive Officer

Seacoast Banking Corporation of Florida

(772) 288-6085

SEACOAST BANK APPOINTS AL MONSERRAT TO BOARD OF DIRECTORS

STUART, Fla., February 6, 2017 -- Seacoast Banking Corporation of Florida (“Seacoast”) (NASDAQ: SBCF) announced that it has appointed Al Monserrat, CEO of RES Software, a leading digital workspace technology company, to the board of directors of its bank subsidiary, Seacoast National Bank, effective immediately.

Monserrat’s career spans more than 25 years in large enterprises and entrepreneurial ventures within enterprise software, mobility, cloud, networking and business strategy. Monserrat became RES Software CEO in April 2015 after serving as Citrix’s senior vice president of Worldwide Sales & Service since July 2008. At Citrix, Monserrat was part of the executive leadership team that grew the company from hundreds of millions to more than $3B in revenue by 2014, and was instrumental in crafting the strategy that helped Citrix grow from a single-product company, to a multi-product industry leader. He lives in Boca Raton, Fla.

“Seacoast will benefit from Al’s superb leadership skills in employing technological change,” said Dennis S. Hudson, III, Seacoast chairman and CEO. “We are confident he will make a significant contribution to our transformational strategy that reflects the rapid evolution in today’s banking environment.”

Monserrat noted, “Seacoast is engaged in reorienting itself around the expectations of today’s customers for a convenient, mobile-centered banking experience. I look forward to helping implement this transformation, the positive results of which already are apparent in Seacoast’s digital and financial metrics.”

About Seacoast’s director development program, Hudson noted, “Beginning in 2013, we actively recruited new talent to our board to increase its diversity of thought and experience and better align overall board capability with Seacoast's strategic focus. During this period, we have appointed an independent lead director and, with Al’s appointment announced today, have added eight new directors, all of whom have the skills needed to help navigate the changing environment impacting our business.

“As a result, our governance has altered significantly across important aspects, creating a vibrant board culture with an unrelenting focus on creating shareholder value,” he added.

About Seacoast Banking Corporation of Florida

Seacoast Banking Corporation of Florida is one of the largest community banks headquartered in Florida with approximately $4.7 billion in assets and $3.5 billion in deposits as of December 31, 2016. The Company provides integrated financial services including commercial and retail banking, wealth management, and mortgage services to customers through advanced banking solutions, 47 traditional branches of its locally-branded wholly-owned subsidiary bank, Seacoast Bank, and five commercial banking centers. Offices stretch from Ft. Lauderdale, Boca Raton and West Palm Beach north through the Daytona Beach area, into Orlando and Central Florida, and west to Okeechobee and surrounding counties. More information about the Company is available at SeacoastBanking.com.