State Bank Financial Corporation (NASDAQ:STBZ) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 17, 2017, shortly after being confirmed by the United States Senate as Assistant Secretary of Defense, Major General (Ret.) Robert H. McMahon, a director of State Bank Financial Corporation (the "Company") and State Bank and Trust Company (the "Bank"), submitted his letter of resignation from the boards of the Company and the Bank effective immediately.
Major General (Ret.) McMahon's decision to resign as a director of the Company and the Bank is due to his appointment as Assistant Secretary of Defense and did not arise or result from any disagreement with the Company on any matters relating to the Company's operations, policies or practices.
The Company is grateful to Major General (Ret.) McMahon's five years of dedicated service to the Company and the Bank. A copy of the press release announcing Major General (Ret.) McMahon's resignation is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
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Exhibit |
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Press Release issued by State Bank Financial Corporation on November 20, 2017. |
STATE BANK FINANCIAL CORP ExhibitEX-99.1 2 mcmahonresignation.htm EXHIBIT 99.1 Exhibit Investor Relations Contact: Sheila Ray 404.239.8684 / sheila.ray@statebt.comState Bank Financial Corporation Congratulates Major General (Retired) McMahon on Confirmation as Assistant Secretary of Defense and Announces Resignation from Boards of DirectorsATLANTA,…To view the full exhibit click here
About State Bank Financial Corporation (NASDAQ:STBZ)
State Bank Financial Corporation is a bank holding company for State Bank and Trust Company (the Bank). The Bank is a Georgia-based state-chartered bank. The Company offers a range of community banking services to individuals and businesses within its markets. Its product line includes loans to small and medium-sized businesses (SMBs), residential and commercial construction and development loans, commercial real estate loans, farmland and agricultural production loans, residential mortgage loans, home equity loans, and consumer loans. It also offers a range of commercial and consumer demand, savings and time deposit products. The Company offers online banking and bill payment services, online cash management, safe deposit box, rentals, debit card and automatic teller machine (ATM) card services, and the availability of a network of ATMs for its customers. It operates over 25 full service banking offices.