Home BancShares, Inc. (NASDAQ:HOMB) Files An 8-K Amendment to Registrant’s Code of Ethics, or Waiver of a Provision of the Code of Ethics
Item5.05
| Amendments to the Registrants Code of Ethics |
On January20, 2017, the Board of Directors of Home BancShares,
Inc. (the Company) adopted a refreshed and updated Corporate Code
of Ethics for Directors, Officers and Employees of the Company
(the Code). The Code superseded the Companys existing Code of
Ethics adopted by the Board of Directors in 2006. The Code
applies to all directors, officers and employees of the Company.
The existing code was refreshed and updated to enhance Company
personnels understanding of the Companys standards of ethical
business practices, promote awareness of ethical issues that may
be encountered in carrying out an employees or directors
responsibilities, and improve its clarity as to how to address
ethical issues that may arise. The updates include clarifications
and enhancements to the descriptions of the purposes of the Code,
the corporate assets to be protected by Company employees and
directors, and the procedures for considering and approving
waivers and conflicts of interest and for reporting suspected
violations of the Code. The updated Code includes an express
prohibition on loans by the Company to directors and officers to
illustrate compliance with Sarbanes-Oxley, while clarifying that
ordinary course loans by the Companys bank subsidiary are
permissible if made in compliance with applicable regulations and
good banking practices. The Code also as a good corporate
practice adds an express prohibition on the misuse of material
nonpublic information regarding the Company.
The refreshed and updated Code is filed as Exhibit 14.1 to this
Current Report on Form 8-K and is incorporated herein by
reference. The Code is posted on the Companys web site at
www.homebancshares.com under the captions Investor
Relations/Corporate Profile/Governance Documents. The contents of
the Companys website are not incorporated by reference in this
report or made a part hereof for any purpose.
| Item8.01. | Other Events. |
On January20, 2017, the Board of Directors of the Company
authorized the repurchase of up to an additional 5,000,000 shares
of Companys common stock under its common stock repurchase
program which was approved by the Board in January 2008. As of
December31, 2016, a total of 1,084,936 shares remained available
for repurchase under the existing repurchase authorization.
| Item9.01 | Financial Statements and Exhibits |
| (d) | Exhibits |
| 14.1 |
Home BancShares, Inc. Corporate Code of Ethics for Directors, Officers and Employees |
About Home BancShares, Inc. (NASDAQ:HOMB)
Home BancShares, Inc. is a bank holding company. The Company is engaged in providing a range of commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals and municipalities through its community bank subsidiary, Centennial Bank (the Bank). The Company offers a range of products and services, including 24-hour Internet banking, mobile banking and voice response information, cash management, overdraft protection, direct deposit, safe deposit boxes, United States savings bonds and automatic account transfers. Cook Insurance Agency, Inc. is an independent insurance agency. Centennial Insurance Agency writes policies for commercial and personal lines of business, including insurance for property, casualty, life, health and employee benefits. The Centennial Bank trust department offers an array of trust services. These trust services is focused on personal trusts, corporate trusts and employee benefit trusts. Home BancShares, Inc. (NASDAQ:HOMB) Recent Trading Information
Home BancShares, Inc. (NASDAQ:HOMB) closed its last trading session up +0.30 at 27.10 with 721,057 shares trading hands.