MidSouth Bancorp, Inc. (NYSE:MSL) Files An 8-K Results of Operations and Financial ConditionItem 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On July 25, 2017, MidSouth Bancorp, Inc. (the “Company”) issued a press release regarding the Company’s earnings for the quarter ended June 30, 2017.The Company’s earnings release, including financial highlights, is attached as Exhibit 99.1.
The preceding information (including Exhibit 99.1) is being furnished to Item 2.02 of this Form 8-K. This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Item 5.02.DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
On July 19, 2017, the Board of Directors of the Company appointed Andrew G. Hargroder, M.D. to serve as a member of the Company’s Board of Directors effective immediately. Dr. Hargroder has served as a member of the Board of Directors of MidSouth Bank, N.A. since June 25, 2015. He will fulfill the remainder of Troy Cloutier’s term, which expires in 2019, and will serve as a Class II Director. Mr. Troy Cloutier announced his resignation from the board, effective June 15, 2017.
Dr. Hargroder was not selected for this position to any arrangement or understanding between him and any other person. There are no related party transactions (as defined in Item 404(a) of Regulation S-K) between the Company and Dr. Hargroder.
Item 8.01.OTHER EVENTS
On July 25, 2017, the Board of MidSouth Bancorp, Inc. announced a cash dividend was declared in the amount of one cent ($.01) per share to be paid on its common stock on October 2, 2017 to shareholders of record as of the close of business on September 15, 2017. The Board also announced a quarterly cash dividend of 1.00% per preferred share on its 4.00% Non-Cumulative Perpetual Convertible Preferred Stock, Series C was declared payable on October 16, 2017 to shareholders of record as of the close of business on October 2, 2017.
Supplemental information on second quarter 2017 results can be found on the Investor Relations tab of the Company’s website at www.midsouthbank.com. A copy of the slides is included under the Investor Relations tab are filed herewith as Exhibit 99.2.
Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d)Exhibits
99.1Press Release dated July 25, 2017.
99.2 Supplemental Materials for 2nd Quarter 2017 – Slide Deck
MIDSOUTH BANCORP INC ExhibitEX-99.1 2 mslq206302017er-8kex991.htm EXHIBIT 99.1 Exhibit Investor Contacts: Jim McLemore,…To view the full exhibit click here
About MidSouth Bancorp, Inc. (NYSE:MSL)
MidSouth Bancorp, Inc. is a financial holding company. The Company operates primarily through its wholly owned bank subsidiary, MidSouth Bank, N.A. The Company is operating principally in the community banking business by providing banking services to commercial and retail customers through the Bank. The Bank is community oriented and focuses primarily on offering commercial and consumer loan and deposit services to individuals and small to middle market businesses in Louisiana, and central and east Texas. Deposit products and services offered by the Bank include interest-bearing and noninterest-bearing checking accounts, investment accounts, cash management services and electronic banking services, including remote deposit capturing services, Internet banking, and debit and credit cards. Loans offered by the Bank include commercial and industrial loans, commercial real estate loans (both owner-occupied and non-owner occupied), other loans secured by real estate and consumer loans.
