UMB FINANCIAL CORPORATION (NASDAQ:UMBF) Files An 8-K Results of Operations and Financial Condition
Item2.02 Results of Operations and Financial Condition
On January24, 2017, UMB Financial Corporation (the Company)
issued a press release announcing the financial results for the
Company for the quarter and year ended December31, 2016. A copy
of the press release is attached as Exhibit 99.1.
The information contained in Item2.02 of this Current Report on
Form 8-K, including Exhibit 99.1 hereto, is being furnished and
shall not be deemed to be filed with the Securities and Exchange
Commission (SEC) for the purposes of Section18 of the Securities
Exchange Act of 1934, as amended (the Exchange Act) or otherwise
subject to the liabilities of that section and are not
incorporated by reference into any filing of the Company under
the Securities Act of 1933, as amended (the Securities Act), or
the Exchange Act, whether made before or after the date hereof,
except as shall be expressly set forth by specific reference to
this Current Report on Form 8-K in such a filing.
Item5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
Directors Terrence P. Dunn and Nancy K. Buese have each
separately provided notice to the Company of his and her decision
to not stand for re-election as a director at the Companys 2017
Annual Shareholders Meeting (the Annual Meeting). Mr.Dunn, who
previously retired from his position as Chief Executive Officer
with J.E. Dunn Construction Group on December31, 2014, has
decided to retire from serving on the Companys Board of
Directors, including serving as Chair of the Companys Corporate
Governance and Nominating Committee, as of the date of the Annual
Meeting and provided the Company with written notice of his
decision on January23, 2017. Ms.Buese, who recently accepted a
new position with Newmont Mining Corporation, provided written
notice of her decision not to stand for re-election as a director
and to resign from the Companys Board of Directors, including
serving as Chair of the Companys Audit Committee and a member of
the Companys Risk Committee, on January20, 2017. Mr.Dunn and
Ms.Buese have each indicated that their decision is not tied to
any disagreement with the Company or management of the Company.
Mr.Dunn and Ms.Buese each will complete their terms and will
remain on the Companys Board of Directors until the election of
directors at the Annual Meeting.
Item7.01 Regulation FD Disclosure
On January24, 2017, in the same press release previously noted in
Item2.02 of this Current Report on Form 8-K, the Company
announced that the Board of Directors of the Company (the Board)
declared a quarterly dividend of $0.255 per share that is payable
on April3, 2017 to shareholders of record of the Company on
March10, 2017. This press release is attached as Exhibit 99.1,
and the information is hereby incorporated herein by reference.
The Company is furnishing a copy of materials that will be used
in the Companys shareholder conference call on January25, 2017 at
8:30 a.m. (CT). A copy of the materials is attached as Exhibit
99.2 and will be available on the Companys website at
www.umb.com. The materials are dated January24, 2017, and the
Company disclaims any obligation to correct or update any of the
materials in the future, except as required by applicable
securities laws.
The information provided under Item7.01 of this Current Report on
Form 8-K, including Exhibits 99.1 and 99.2 hereto, is being
furnished and is not deemed to be filed with the SEC for the
purposes of Section18 of the Exchange Act or otherwise subject to
the liabilities of that section and are not incorporated by
reference into any filing of the Company under the Securities Act
or the Exchange Act, whether made before or after the date
hereof, except as shall be expressly set forth by specific
reference to this Current Report on Form 8-K in such a filing.
Item9.01 Financial Statements and Exhibits
| Exhibit99.1 |
Press Release announcing financial results for quarter and year ended December31, 2016, and announcing dividend declaration. |
|
| Exhibit 99.2 | Investor Presentation Materials, dated January 24, 2017. |
About UMB FINANCIAL CORPORATION (NASDAQ:UMBF)
UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Payment Solutions, which provides consumer and commercial credit and debit card, prepaid debit card solutions, healthcare services and institutional cash management; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts. UMB FINANCIAL CORPORATION (NASDAQ:UMBF) Recent Trading Information
UMB FINANCIAL CORPORATION (NASDAQ:UMBF) closed its last trading session up +0.89 at 76.72 with 447,853 shares trading hands.
