0000887919-16-000091.txt : 20161121 0000887919-16-000091.hdr.sgml : 20161121 20161121114513 ACCESSION NUMBER: 0000887919-16-000091 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20161121 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20161121 DATE AS OF CHANGE: 20161121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PREMIER FINANCIAL BANCORP INC CENTRAL INDEX KEY: 0000887919 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 611206757 STATE OF INCORPORATION: KY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20908 FILM NUMBER: 162009563 BUSINESS ADDRESS: STREET 1: 2883 FIFTH AVENUE STREET 2: NONE CITY: HUNTINGTON STATE: WV ZIP: 25702 BUSINESS PHONE: 3045251600 MAIL ADDRESS: STREET 1: 2883 FIFTH AVENUE CITY: HUNTINGTON STATE: WV ZIP: 25702 8-K 1 pfbi8k112116.htm PREMIER FINANCIAL BANCORP, INC. FORM 8-K, NOVEMBER 21, 2016


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) November 21, 2016


PREMIER FINANCIAL BANCORP, INC.
(Exact name of registrant as specified in its charter)

Commission file number 000-20908

Kentucky
  
61-1206757
(State or other jurisdiction of incorporation organization)
  
(I.R.S. Employer Identification No.)
     
2883 Fifth Avenue
Huntington, West Virginia
  
 
25702
(Address of principal executive offices)
  
(Zip Code)
     
Registrant’s telephone number    (304) 525-1600

Not Applicable
Former name or former address, if changes 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 communication 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))
PREMIER FINANCIAL BANCORP, INC,

INFORMATION TO BE INCLUDED IN THE REPORT


Item 7.01.  Regulation FD Disclosure

On November 21, 2016, Premier Financial Bancorp, Inc. issued a press release announcing a stock dividend and a quarterly cash dividend to its common shareholders.  At its regularly scheduled November 2016 meeting, the board of directors declared a 10% stock dividend and a $0.15 per share cash dividend to common shareholders.  Shareholders of record on December 2, 2016 will be eligible for the stock dividend which will be paid to shareholders on December 9, 2016 and shareholders of record on December 15, 2016 will be eligible for the cash dividend which will be paid to shareholders on December 31, 2016.
 
 
 
Item 9.01.  Financial Statements and Exhibits
 
(c) Exhibit 99.1 - Press Release dated November 21, 2016.
 
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.



PREMIER FINANCIAL BANCORP, INC.
(Registrant)


/s/ Brien M. Chase 
Date: November 21, 2016              Brien M. Chase, Senior Vice President
and Chief Financial Officer





EXHIBIT INDEX


Exhibit Number
  
Description
99.1
  
Press Release dated November 21, 2016 captioned “Premier Financial Bancorp, Inc. Announces 10% Stock Dividend and Fourth Quarter Cash Dividend.”
     



 
 
 
 
 
 
 EX-99.1 2 pressreleasetext112116.htm TEXT OF PRESS RELEASE DATED NOVEMBER 21, 2016
EXHIBIT 99.1 
 
NEWS FOR IMMEDIATE RELEASE
CONTACT:
BRIEN M. CHASE, CFO
NOVEMBER 21, 2016
  
304-525-1600

 
PREMIER FINANCIAL BANCORP, INC.
ANNOUNCES 10% STOCK DIVIDEND
AND FOURTH QUARTER CASH DIVIDEND

PREMIER FINANCIAL BANCORP, INC. (PREMIER), HUNTINGTON, WEST VIRGINIA (NASDAQ/GMS-PFBI) a $1.5 billion community bank holding company with two bank subsidiaries announced today that the board of directors has declared a 10% stock dividend payable to shareholders of record on December 2, 2016 and a $0.15 cash dividend payable to shareholders of record on December 15, 2016.

President and CEO, Robert W. Walker stated, “We are pleased to reward our shareholders with both dividends. The board reflected on the positive earnings performance of the company over the past several years and their desire to provide shareholders with increased value. The declared stock dividend will result in shareholders receiving 1 additional share of common stock for every 10 shares of common stock they already own on December 2, 2016 (the record date).  The shares will be added to their ownership record automatically on the payable date, December 9, 2016, with any resulting fractions of a share paid in cash at the rate of $18.23 per whole share.  Since the record date of the cash dividend is after the issuance of the 10% stock dividend, shareholders will receive the $0.15 per share cash dividend on those additional shares, effectively increasing the cash dividend by 10% as well.”

At its regularly scheduled November meeting, the board of directors declared the 10% stock dividend to common shareholders of record on December 2, 2016, payable to shareholders on December 9, 2016, and declared the $0.15 per share cash dividend to common shareholders of record on December 15, 2016.  The cash dividend will be paid to shareholders on December 30, 2016, the last business day of the quarter.

Certain Statements contained in this news release, including without limitation, statements including the word “believes,” “anticipates,” “intends,” “expects” or words of similar import, constitute “forward-looking statements” within the meaning of section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Premier to be materially different from any future results, performance or achievements of Premier expressed or implied by such forward-looking statements. Such factors include, among others, general economic and business conditions, changes in business strategy or development plans and other factors referenced in this press release. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements. Premier disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.