Regions Financial Corp 8-K, filed Mar 16, 2020
Regions Financial Corp (RF)
8-K
2020-03-16
For: 2020-03-16
View Original
Added on
April 11, 2026
About this 8-K
Regions Financial Corp filed this 8-K on March 16, 2020.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): March 16, 2020
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
(Address, including zip code, of principal executive office)
Registrant’s telephone number, including area code: (800 ) 734-4667
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 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)) | |
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.¨
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Depositary Shares, each representing a 1/40th Interest in a Share of | ||
Depositary Shares, each representing a 1/40th Interest in a Share of | ||
Depositary Shares, each representing a 1/40th Interest in a Share of | ||
Item 8.01 | Other Events. |
On March 16, 2020, Regions Financial Corporation announced that it will temporarily suspend its share buyback program for the remaining period of the first quarter and second quarter of 2020 in response to the COVID-19 pandemic.
The press release announcing the temporary suspension is attached as Exhibit 99.1 hereto and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
99.1 |
104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. |
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.
REGIONS FINANCIAL CORPORATION | ||
By: | /s/ Hope D. Mehlman | |
Name: | Hope D. Mehlman | |
Title: | Executive Vice President, | |
Chief Governance Officer, | ||
Assistant General Counsel, and | ||
Assistant Corporate Secretary | ||
Date: March 16, 2020
EXHIBIT 99.1
Media Contact: Investor Relations Contact:
Evelyn Mitchell Dana Nolan
205-264-4551 205-264-7040
Regions Financial Corp. Temporarily Suspends Share Buyback Program
BIRMINGHAM, Ala. - March 16, 2020 - Regions Financial (NYSE:RF) announced today that it will temporarily suspend its share buyback program for the remaining period of the first quarter and second quarter of 2020 in response to the COVID-19 pandemic.
Regions is committed to maintaining strong capital and liquidity to meet the needs of its customers and communities during this exceptional period of economic uncertainty. The suspension of share buybacks will not impact dividend payments to shareholders and Regions has the ability to reinstate the buyback program as circumstances warrant. Regions is subject to the Federal Reserve’s annual stress test and has consistently demonstrated the capability to support lending and other necessary financial services during a significant economic downturn.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $126 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,400 banking offices and 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.
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