National Bank Holdings Corp 8-K, filed Feb 26, 2020
National Bank Holdings Corp (NBHC)
About this 8-K
National Bank Holdings Corp filed this 8-K on February 26, 2020.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
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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).
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Item 8.01. Other Events.
On February 26, 2020, the Board of Directors of National Bank Holdings Corporation (the “Company”) authorized a new program to repurchase up to $50.0 million of the Company’s common stock from time to time either in the open market or in privately negotiated transactions in accordance with applicable regulations of the Securities and Exchange Commission. To date, the Company has repurchased $37.4 million of its previously authorized $50.0 million stock repurchase program announced in August 2016. The new program will go into effect once the existing program is completed.
As of the close of business on February 25, 2020, the Company had outstanding 31,177,476 shares of Class A Common Stock, excluding 120,623 shares of restricted Class A common stock issued but not yet vested. Since early 2013, the Company has repurchased 26.6 million shares, or 52% of shares issued, at a weighted average price of $20.03 per share.
The press release issued by the Company is included as Exhibit 99.1 to this Current Report on Form 8-K and incorporated into this Item 8.01 by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
| Description of Exhibit |
99.1 | | |
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104 | | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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.
| | National Bank Holdings Corporation |
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By: | /s/ Zsolt K. Besskó | |
| | Name: Zsolt K. Besskó Title: Chief Administrative Officer and General Counsel |
Date: February 26, 2020
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Exhibit 99.1
National Bank Holdings Corporation Announces
New $50 Million Stock Repurchase Program
DENVER - (Globe Newswire) - National Bank Holdings Corporation (NYSE: NBHC) announced that its Board of Directors authorized a new program to repurchase up to $50.0 million of the Company’s common stock from time to time either in the open market or in privately negotiated transactions in accordance with applicable regulations of the Securities and Exchange Commission. To date, the Company has repurchased $37.4 million of its previously authorized $50.0 million stock repurchase program announced in August 2016. The new program will go into effect once the existing program is completed.
As of the close of business on February 25, 2020, the Company had outstanding 31,177,476 shares of Class A Common Stock, excluding 120,623 shares of restricted Class A common stock issued but not yet vested. Since early 2013, the Company has repurchased 26.6 million shares, or 52% of shares issued, at a weighted average price of $20.03 per share.
About National Bank Holdings Corporation
National Bank Holdings Corporation is a bank holding company created to build a leading community bank franchise delivering high quality client service and committed to shareholder results. Through its bank subsidiary, NBH Bank, National Bank Holdings Corporation operates a network of 101 banking centers, serving individual consumers, small, medium and large businesses, and government and non-profit entities. The bank’s core geographic footprint consists of Colorado, the greater Kansas City region, New Mexico, Texas and Utah. NBH Bank operates under the following brand names: Community Banks of Colorado in Colorado, Bank Midwest in Kansas and Missouri and Hillcrest Bank in New Mexico, Texas and Utah. It also operates as Community Banks Mortgage, a division of NBH Bank, in Colorado. Additional information about National Bank Holdings Corporation can be found at www.nationalbankholdings.com.
For more information visit: cobnks.com, bankmw.com, hillcrestbank.com or nbhbank.com. Or, follow us on any of our social media sites:
Community Banks of Colorado: facebook.com/cobnks, twitter.com/cobnks, instagram.com/cobnks;
Bank Midwest: facebook.com/bankmw, twitter.com/bank_mw, instagram.com/bankmw;
Hillcrest Bank: facebook.com/hillcrestbank, twitter.com/hillcrest_bank;
NBH Bank: twitter.com/nbhbank;
or connect with any of our brands on LinkedIn.
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements contain words such as “anticipate,” “believe,” “can,” “would,” “should,” “could,” “may,” “predict,” “seek,” “potential,” “will,” “estimate,” “target,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “intend” or similar expressions that relate to the Company’s strategy, plans or intentions. Forward-looking statements involve certain important risks, uncertainties and other factors, any of which could cause actual results to differ materially from those in such statements. Such factors include, without limitation, the “Risk Factors” referenced in our most recent Form 10-K filed with the Securities and Exchange Commission (SEC), and other risks and uncertainties listed from time to time in our reports and documents filed with the SEC. The Company can give no assurance that any goal or plan or expectation set forth in forward-looking statements can be achieved and readers are cautioned not to place undue reliance on such statements. The forward-looking statements are made as of the date of this press release, and the Company does not intend, and assumes no obligation, to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law.
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Analysts/Institutional Investors: |
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Aldis Birkans, 720-554-6640 |
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Chief Financial Officer |
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IR@nationalbankholdings.com
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Media: |
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Whitney Bartelli, 816-298-2203 |
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Chief Marketing Officer |
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media@nbhbank.com |
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Source: National Bank Holdings Corporation |
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