0000745981-14-000031.txt : 20140725 0000745981-14-000031.hdr.sgml : 20140725 20140725163856 ACCESSION NUMBER: 0000745981-14-000031 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20140725 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140725 DATE AS OF CHANGE: 20140725 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MIDSOUTH BANCORP INC CENTRAL INDEX KEY: 0000745981 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 721020809 STATE OF INCORPORATION: LA FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11826 FILM NUMBER: 14994680 BUSINESS ADDRESS: STREET 1: 102 VERSAILLES BLVD STREET 2: VERSAILLES CENTRE CITY: LAFAYETTE STATE: LA ZIP: 70501 BUSINESS PHONE: 3182378343 MAIL ADDRESS: STREET 1: 102 VERSAILLES BLVD CITY: LAFAYETTE STATE: LA ZIP: 70501 8-K 1 form8k.htm FORM 8-K form8k.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)
July 25, 2014
 
MidSouth Bancorp, Inc.
(Exact name of registrant as specified in its charter)
Louisiana
1-11826
72-1020809
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
102 Versailles Boulevard, Lafayette, Louisiana
70501
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code    337-237-8343
 
(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 communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Item 5.02   Appointment of Principal Officer.
 
On July 25, 2014, MidSouth Bancorp, Inc. (“MidSouth”) announced the appointment of Jeffery “Jeff” Blum as Senior Executive Vice President and Chief Credit Officer of MidSouth and its subsidiaries.  As Chief Credit Officer, Mr. Blum will serve as a member of the Board of Directors’ Loan Committee and Special Assets Committee.  He will join MidSouth in early August.  A native of Morgan City, Louisiana, Blum, age 45, worked for Whitney Bank for the past 21 years, having most recently served as Morgan City area president where his duties included managing the commercial lending group in St Mary Parish.

For his service, MidSouth expects to pay Mr. Blum an annual base salary of $220,000, as well as provide Mr. Blum term life, disability and other insurance customarily provided to MidSouth’s other executive officers.  In addition, Mr. Blum will also be entitled to an automobile, moving expenses, payment of certain club dues and other perquisites provided to MidSouth’s other executive officers.  Mr. Blum will also be entitled to participate in MidSouth’s incentive plans and receive awards thereunder when granted by the Board of Directors, including an award of 17,500 stock options granted on his date of hire.
 
Item 9.01  Financial Statements and Exhibits
 
 
99.1  Press release dated July 25, 2014
 
 
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.
 

Date:  July 25, 2014
/s/   __________________________
James R. McLemore
Senior Executive Vice President and
Chief Financial Officer



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Investor Contacts: Rusty Cloutier
  President & CEO or
  Jim McLemore, CFA
  Sr. EVP & CFO
  337.237.8343

 
Jeffery Blum to Lead MidSouth Bank Credit Team

LAFAYETTE, LA., July 25, 2014/PRNewswire-FirstCall/ -- MidSouth Bancorp, Inc. (“MidSouth”) (NYSE: MSL) announced that Jeffery “Jeff” Blum has joined MidSouth Bank as Senior Executive Vice President and Chief Credit Officer. In his new position, Blum will oversee loan underwriting and develop loan policies and procedures.  He will also identify credit risk situations and provide guidance to line of business lending managers.

A native of Morgan City, Louisiana, Blum worked for Whitney Bank for the past 21 years, having most recently served as Morgan City area president where his duties included managing the commercial lending group, the retail division and other lines of business such as Trust, Investments and International Services for the St Mary Parish market.  He earned his bachelor’s degree in 1992 from Tulane University where he was a pitcher for the Green Wave baseball team. Blum also is an alumnus of the Graduate School of Banking at LSU.

Blum has been active in his local community in Morgan City, serving as a member of the St. Mary Industrial Group, as a board member of the Atchafalaya Petroleum Institute and the Petroleum Club, as well as being a member of the Holy Cross Church Finance Committee and the Central Catholic Finance Committee & Advisory Council.  He is committed to supporting youth sports, serving as a CCJHS Baseball Coach and a Youth Baseball Coach. He will continue his commitment to community when he and his wife, Caridad, along with their two sons, Adam and Jacob, relocate to Lafayette in the coming weeks.

“Jeff’s experience as an area President with Whitney Bank, along with his over 21 years of commercial lending experience in both St Mary Parish as well as Baton Rouge, will prove very valuable in his new role as Senior Executive Vice President and Chief Credit Officer,” said MidSouth Bank Chief Banking Officer, Troy M. Cloutier. “Jeff has everything we sought in a Chief Credit Officer – recent and vast commercial lending experience, an appreciation for prudent lending practices, and a deep understanding of the oil and gas industry. He brings a level of skill and leadership to our company that will support our strong credit culture while providing our lending team the tools that they need to continue our loan growth strategy,” added C. R. “Rusty” Cloutier, President and Chief Executive Officer of MidSouth Bank.
 

About MidSouth Bancorp, Inc.

MidSouth Bancorp, Inc. is a financial holding company headquartered in Lafayette, Louisiana, with assets of $1.9 billion as of March 31, 2014. MidSouth Bancorp, Inc. trades on the NYSE under the symbol “MSL.” The Company's Series C Preferred Stock is quoted on the OTC Bulletin Board ("OTCBB") under the ticker symbol MSLXP.  Through its wholly owned subsidiary, MidSouth Bank, N.A., MidSouth offers a full range of banking services to commercial and retail customers in Louisiana and Texas. MidSouth Bank currently has 60 locations in Louisiana and Texas and is connected to a worldwide ATM network that provides customers with access to more than 55,000 surcharge-free ATMs. Additional corporate information is available at MidSouthBank.com.