Green Dot Corp 8-K, filed Jun 7, 2022
Green Dot Corp (GDOT)
8-K
2022-06-07
For: 2022-06-03
View Original
Added on
April 12, 2026
About this 8-K
Green Dot Corp filed this 8-K on June 7, 2022, reporting on events of June 3, 2022.
Items reported
- Item 7.01: Regulation FD disclosure
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 3, 2022
(Exact Name of the Registrant as Specified in Its Charter)
(State or Other Jurisdiction of Incorporation)
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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:
Securities registered pursuant to Section 12(b) of the Act: | ||||||||
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD Disclosure.
As previously disclosed, on October 4, 2021, Green Dot Corporation (the “Company”) announced that it was unable to consummate the proposed sale (the “Sale Transaction”) of substantially all of the assets and operations of the Tax Refund Solutions business of Republic Bank & Trust Company (“Republic”) to the Company, resulting in the termination of the Sale Transaction and the Company’s payment to Republic of a termination fee of $5 million in January 2022. In connection with the termination of the Sale Transaction, as previously disclosed, Republic filed a claim against the Company in the Court of Chancery of the State of Delaware (the “Litigation”), asserting that the Company had breached the definitive agreement for the Sale Transaction. On June 3, 2022, the parties to the Litigation agreed to settle the Litigation in exchange for a $13 million payment from the Company to Republic (which amount is exclusive of the $5 million termination fee paid in January 2022).
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 thereunto duly authorized.
| GREEN DOT CORPORATION | |||||||||||
| By: | /s/ Kristina Lockwood | ||||||||||
| Kristina Lockwood | |||||||||||
| General Counsel and Secretary | |||||||||||
Date: June 6, 2022