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| CATY > SEC Filings for CATY > Form 8-K on 13-Oct-2009 | All Recent SEC Filings |
13-Oct-2009
Termination of a Material Definitive Agreement, Regulation FD Disclosure,
On October 12, 2009, Cathay General Bancorp (the "Company") terminated its distribution agreements with each of J.P. Morgan Securities Inc. and Deutsche Bank Securities Inc. (collectively, the "Distribution Agreements") as sales agents and/or principals. Further details regarding the terms of the Distribution Agreements are set forth in the Company's Current Report on Form 8-K dated September 9, 2009, as amended on September 23, 2009, which is incorporated herein by reference.
On October 12, 2009, the Company issued a press release announcing that it has commenced a public offering (the "Offering") of up to $70.5 million in shares of common stock and that it has granted the underwriter a 30-day option to purchase up to an additional $10.5 million in shares of common stock to cover over-allotments, if any. The press release is attached as Exhibit 99.1 and is incorporated herein by reference.
Pursuant to the Distribution Agreements, during the period from September 9, 2009 through September 30, 2009, the Company sold 3,490,000 shares of its common stock, at market prices through J.P. Morgan Securities Inc., as sales agent. The gross proceeds from such sales were $32,378,960.49, and the aggregate gross sales commission to J.P. Morgan Securities Inc. was approximately $647,579.19.
The information furnished in this Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
The preliminary prospectus supplement used by the Company in connection with the Offering updated the risk factors contained in the Company's Current Report on Form 8-K filed on September 9, 2009, as amended on September 23, 2009. A copy of the updated risk factors is filed herewith as Exhibit 99.2 and incorporated herein by reference.
(d) Exhibits.
Exhibit No. Description
Exhibit 99.1 Press release, dated October 12, 2009*
Exhibit 99.2 Risk Factors
* This exhibit shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
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