BANCORPSOUTH, INC. (NYSE:BXS) Files An 8-K Results of Operations and Financial ConditionItem 2.02. Results of Operations and Financial Condition.
On July19, 2017, BancorpSouth, Inc. (the “Company”) issued a news release announcing its financial results for the second quarter ended June30, 2017. A copy of the news release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (this “Report”) and is incorporated herein by reference in its entirety.
The Company will conduct a conference call at 10:00 a.m. (Central Time) on July20, 2017 to discuss its financial results for the second quarter ended June30, 2017. A copy of the presentation to be used for the conference call is furnished as Exhibit 99.2 to this Report and is incorporated herein by reference in its entirety.
Section5 – Corporate Governance and Management
Item 2.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July17, 2017, the Company was informed by Mr.JamesR. Hodges, the Senior Executive Vice President and Chief Credit Officer of the Company and BancorpSouth Bank (the “Bank”), of his intention to retire after 44 years of dedicated service, effective as of October6, 2017 (the “Retirement Date”), which follows his 65th birthday. The Company intends to appoint Mr.Hodges’ successor prior to the Retirement Date to facilitate an orderly transition of Mr.Hodges’ duties and responsibilities to his successor.
Mr.Hodges will be eligible for certain benefits under the Company’s retirement benefit plans that are maintained for employees of the Bank. Because Mr.Hodges is a “specified employee” under section 409A of the Internal Revenue Code, the distribution of benefits he will receive under the retirement plans that are non-qualified deferred compensation programs will not commence until six months after the Retirement Date.
Section7 – Regulation FD
Item 2.02. Regulation FD Disclosure.
The disclosure set forth under Item 2.02 of this Report is incorporated herein by reference.
Section9 – Financial Statements and Exhibits
Item 2.02. Financial Statements and Exhibits.
| Exhibit99.1 | News release issued on July19, 2017 by BancorpSouth, Inc. |
| Exhibit99.2 | Presentation for conference call to be conducted by BancorpSouth, Inc. on July 20, 2017 |
Forward Looking Statements
Certain statements contained in this Report may not be based upon historical facts and are “forward-looking statements” within the meaning of Section27A of the Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by their reference to a future period or periods or by the use of forward-looking terminology such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “foresee,” “intend,” “may,” “might,” “plan,” “will,” or “would” or future or conditional verb tenses and variations or negatives of such terms. These forward-looking statements include, without limitation, those statements relating to the Company’s intention to appoint Mr.Hodges’ successor prior to the Retirement Date. The Company cautions readers not to place undue reliance on the forward-looking statements contained in this Report because actual results could differ materially from those indicated in such forward-looking statements as a result of a variety of factors. Forward-looking statements speak only as of the date of this Report, and, except as required by law, the Company does not undertake any obligation to update or revise forward-looking statements to reflect events or circumstances that occur after the date of this Report.
BANCORPSOUTH INC ExhibitEX-99.1 2 d428148dex991.htm EXHIBIT 99.1 Exhibit 99.1 Exhibit 99.1 News Release Contact: John G. Copeland Will Fisackerly Senior Executive Vice President and Senior Vice President and Chief Financial Officer Director of Corporate Finance 662/680-2536 662/680-2475 BancorpSouth Announces Second Quarter 2017 Financial Results TUPELO,…To view the full exhibit click here
About BANCORPSOUTH, INC. (NYSE:BXS)
BancorpSouth, Inc. is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services operations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. The Company’s segments include Community Banking, Insurance Agencies, and General Corporate and Other. Its Community Banking segment provides a range of deposit products, commercial loans and consumer loans. Its Insurance Agencies segment serves as agents in the sale of commercial lines of insurance and full lines of property and casualty, life, health and employee benefits products and services. Its General Corporate and Other segment includes mortgage lending, trust services, credit card activities, investment services and other activities not allocated to the Community Banking or Insurance Agencies segments.