8-K
HANCOCK WHITNEY CORP (HWC)
UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, 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): January 26, 2023 |
|---|
Hancock Whitney Corporation
(Exact name of Registrant as Specified in Its Charter)
| Mississippi | 001-36872 | 64-0693170 |
|---|---|---|
| (State or Other Jurisdiction<br>of Incorporation) | (Commission File Number) | (IRS Employer<br>Identification No.) |
| Hancock Whitney Plaza<br><br>2510 14th Street | ||
| Gulfport, Mississippi | 39501 | |
| (Address of Principal Executive Offices) | (Zip Code) | |
| Registrant’s Telephone Number, Including Area Code: (228) 868-4727 | ||
| --- |
(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))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading<br>Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| COMMON STOCK, $3.33 PAR VALUE | HWC | The Nasdaq Stock Market LLC |
| 6.25% SUBORDINATED NOTES | HWCPZ | The Nasdaq Stock Market LLC |
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 8.01 Other Events.
On January 26, 2023, the Board of Directors (the “Board”) of Hancock Whitney Corporation (the “Company”) declared an 11% increase in the regular first quarter 2023 cash dividend. The annual cash dividend payable increased to $1.20 per share, compared with the previous annual cash dividend of $1.08 per share. The quarterly cash dividend of $0.30 per share is payable on March 15, 2023 to shareholders of record as of March 6, 2023. The Company has paid uninterrupted quarterly dividends to shareholders since 1967.
Additionally, on January 26, 2023, the Board authorized a stock buyback program (the “Stock Buyback Program”) pursuant to which the Company may, from time to time, purchase up to 4,297,000 shares of its outstanding common stock (approximately 5% of the shares of common stock outstanding as of December 31, 2022). The shares may be repurchased in the open market, by block purchase, through accelerated share repurchase plans, in privately negotiated transactions or otherwise, in one or more transactions, from time to time, depending upon market conditions and other factors, and in accordance with applicable regulations of the Securities and Exchange Commission. The Stock Buyback Program has an expiration date of December 31, 2024 and does not obligate the Company to purchase any shares. The Stock Buyback Program may be terminated or amended by the Board at any time prior to the expiration date.
A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number Description
99.1 Press Release dated January 26, 2023
104 Cover Page Interactive Data File (embedded within the inline XBRL document)
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.
| HANCOCK WHITNEY CORPORATION | |||
|---|---|---|---|
| Date: | January 26, 2023 | By: | /s/ Michael M. Achary |
| Michael M. Achary<br>Chief Financial Officer |
EX-99.1

FOR IMMEDIATE RELEASE
January 26, 2023
For more information
Trisha Voltz Carlson, EVP, Investor Relations Manager
504.299.5208 or trisha.carlson@hancockwhitney.com
Hancock Whitney Increases Quarterly Dividend 11%; Renews Share Repurchase Authorization
GULFPORT, Miss. (January 26, 2023) — Hancock Whitney Corporation (Nasdaq: HWC) today announced that at its January meeting, the Company’s Board of Directors (“the Board”) approved a regular first quarter 2023 common stock cash dividend of $0.30 per common share, an increase of $0.03 per common share, or 11%. The first quarter dividend is payable on March 15, 2023 to shareholders of record as of March 6, 2023.
Additionally, during the January meeting, the Board authorized a stock buyback program (the “Stock Buyback Program”) pursuant to which the Company may, from time to time, purchase up to 4,297,000 shares of its outstanding common stock (approximately 5% of the shares of common stock outstanding as of December 31, 2022), replacing the previous stock buyback program that expired on December 31, 2022.
The Stock Buyback Program expires on December 31, 2024. The shares may be repurchased in the open market, by block purchase, through accelerated share repurchase plans, in privately negotiated transactions or otherwise, in one or more transactions, from time to time, depending upon market conditions and other factors, and in accordance with applicable regulations of the Securities and Exchange Commission. The Stock Buyback Program may be terminated or amended by the Board at any time prior to the expiration date.
About Hancock Whitney
Since the late 1800s, Hancock Whitney has embodied core values of Honor & Integrity, Strength & Stability, Commitment to Service, Teamwork, and Personal Responsibility. Hancock Whitney offices and financial centers in Mississippi, Alabama, Florida, Louisiana, and Texas offer comprehensive financial products and services, including traditional and online banking; commercial and small business banking; private banking; trust and investment services; healthcare banking; and mortgage services. The company also operates a loan production office in Nashville, Tennessee. More information is available at www.hancockwhitney.com.
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