REGIONS FINANCIAL CORPORATION (NYSE:RF) Files An 8-K Temporary Suspension of Trading Under Registrant’s Employee Benefit Plans
Item 5.04 Temporary Suspension of Trading Under Registrant’s
Employee Benefit Plans.
Original Notice) to participants and beneficiaries in the Regions
Financial Corporation 401(k) Plan (the Plan) on November 22,
2016, informing them that the recordkeeper of the Plan was being
changed, effective January 1, 2017. The notice indicated that
there would be a blackout period beginning on December 23, 2016,
and expecting to end on January 13, 2017 (the Blackout Period).
The transition to the new recordkeeper occurred more quickly than
expected, and the Blackout Period ended earlier on January 10,
2017. Participants and beneficiaries now have access to their
plan accounts and can direct and diversify their investments and
request a loan or a distribution to the extent they could before
the Blackout Period started. The Company sent an updated notice
(the Updated Notice) to participants and beneficiaries informing
them that the Blackout Period ended on January 10, 2017, earlier
than stated in the Original Notice. A copy of the Updated Notice
is attached hereto as Exhibit 99.1 to this Current Report on Form
8-K and is incorporated herein by reference.
person may obtain, without charge, information regarding the
Blackout Period by contacting MassMutual at 800-701-8892 Monday
through Friday between 7:00 a.m. and 8:00 p.m. Central Time and
referencing 62273.
Company also sent a separate updated notice to its Executive
Officers and Directors to Section 306 of the Sarbanes-Oxley Act
of 2002 and Rule 104 of the Securities and Exchange Commission
Regulation BTR (Blackout Trading Restriction) informing them of
the change in the ending date of the Blackout Period. A copy of
that separate updated notice is attached hereto as Exhibit 99.2
to this Current Report on Form 8-K and is incorporated herein by
reference.
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No.
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Exhibit
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99.1
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Updated Notice sent on January 10, 2017 to Regions Financial
Corporation 401(k) Plan Participants and Beneficiaries regarding a Blackout Period. |
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99.2
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Separate Updated Notice sent on January 10, 2017 to Regions
Financial Corporation’s Executive Officers and Directors regarding a Blackout Period. |
About REGIONS FINANCIAL CORPORATION (NYSE:RF)
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth. It provides traditional commercial, retail and mortgage banking services, as well as other financial services. REGIONS FINANCIAL CORPORATION (NYSE:RF) Recent Trading Information
REGIONS FINANCIAL CORPORATION (NYSE:RF) closed its last trading session up +0.19 at 14.56 with 15,784,919 shares trading hands.
