Hilltop Holdings Inc. (NYSE:HTH) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition.
On January 25, 2018, Hilltop Holdings Inc., or the Company, issued a press release announcing its results of operations and financial condition as of and for the three months and yearendedDecember 31, 2017. The text of the release is set forth in Exhibit99.1 attached to this Current Report on Form 8-K and is incorporated herein by reference.
The information in this Current Report on Form 8-K (including Exhibit 99.1) is being furnished to Item 2.02 and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth in such filing.
Section 8 – Other Events
Item 8.01 Other Events.
OnJanuary 25, 2018, the Board of Directors of the Company declared a quarterly cash dividend of $0.07 per common share, payable on February28, 2018, to stockholders of record as of the close of business on February 15, 2018.
Additionally, on January 25, 2018, the Board of Directors of the Company authorized anew stock repurchase program through January 2019. Under the program, the Company is authorized to repurchase, in the aggregate, up to $50.0 million of its outstanding common stock in open-market purchases or through privately negotiated transactions as permitted under Rule 10b-18 promulgated under the Securities Exchange Act of 1934. The extent to which the Company repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations, as determined by the Company’s management team. The purchases will be funded from available cash balances.
Section 9 – Financial Statements and Exhibits
Item 9.01Financial Statements and Exhibits.
|
(a) |
Financial statements of businesses acquired. |
Not applicable.
|
(b) |
Pro forma financial information. |
Not applicable.
|
(c) |
Shell company transactions. |
Not applicable.
The following exhibit(s) are filed or furnished, depending on the relative item requiring such exhibit, in accordance with the provisions of Item 601 of Regulation S-K and Instruction B.2 to this form.
