8-K
OFG BANCORP (OFG)
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): December 3, 2020 (November 30, 2020)
OFG Bancorp
(Exact Name of Registrant as Specified in Charter)
| Commonwealth of Puerto Rico | 001-12647 | 66-0538893 |
|---|---|---|
| (State or other Jurisdiction<br><br>of Incorporation) | (Commission<br><br>File No.) | (I.R.S. Employer<br><br>Identification No.) |
| Oriental Center, 15^th^ Floor | ||
| --- | --- | |
| 254 Muoz Rivera Avenue | ||
| San Juan, Puerto Rico | 00918 | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (787) 771-6800
(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><br>Symbol(s) | Name of each exchange<br><br>on which registered |
|---|---|---|
| Common Stock, par value $1.00 per share | OFG | New York Stock Exchange |
| 7.125% Noncumulative Monthly Income Preferred Stock, Series A ($25.00 liquidation preference per share) | OFG.PRA | New York Stock Exchange |
| 7.0% Noncumulative Monthly Income Preferred Stock, Series B ($25.00 liquidation preference per share) | OFG.PRB | New York Stock Exchange |
| 7.125% Noncumulative Perpetual Preferred Stock, Series D ($25.00 liquidation preference per share) | OFG.PRD | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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 1.01. | Entry into a Material Definitive Agreement. |
|---|
On November 30, 2020, the Technology Outsourcing Agreement, dated as of January 26, 2007, as amended (the “Agreement”), by and between Oriental Bank, the banking subsidiary of OFG Bancorp, and Metavante Corporation (“Metavante”) was amended to (i) assign Metavante’s rights and obligations thereunder to Fidelity Information Services, LLC, and (ii) amend or establish certain confidential pricing terms and conditions.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| OFG BANCORP | ||
|---|---|---|
| Date: December 3, 2020 | By: | /s/ Carlos O. Souffront |
| Carlos O. Souffront<br> <br>General Counsel and Secretary of the Board of Directors |
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