SOUTH STATE CORPORATION (NASDAQ:SSB) Files An 8-K Other Events
Item 8.01Other Events.
On March 21, 2017, South State Corporation (the Company) issued a
press release announcing that the Companys Board of Directors
have approved an increase in the number of shares available to be
repurchased under its 2004 common stock repurchase program (the
Repurchase Program) to 1,000,000.The original program authorized
250,000 shares of common stock, and has approximately 54,000
common shares available for repurchase.
Shares of common stock may be purchased under the Repurchase
Program periodically in open market transactions at prevailing
market prices, in privately negotiated transactions, or by other
means in accordance with federal securities laws.The actual means
and timing of any purchases, target number of shares and prices
or range of prices under the Repurchase Program will be
determined by management at its discretion and will depend on a
number of factors, including the market price of the Companys
common stock, share issuances under Company equity plans, general
market and economic conditions, and applicable legal and
regulatory requirements.The Repurchase Program has no scheduled
expiration date and may be modified, amended, or terminated by
the Board of Directors at any time.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
|
Exhibit No. |
Description |
|
99.1 |
Press release, dated March 21, 2017 |
2
SOUTH STATE CORPORATION (NASDAQ:SSB) Recent Trading Information
SOUTH STATE CORPORATION (NASDAQ:SSB) closed its last trading session down -0.05 at 89.90 with 123,376 shares trading hands.