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| PPBI > SEC Filings for PPBI > Form 8-K on 6-Dec-2012 | All Recent SEC Filings |
6-Dec-2012
Entry into a Material Definitive Agreement, Other Events, Financial S
On December 6, 2012, Pacific Premier Bancorp, Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with Raymond James & Associates, Inc., as underwriter and representative of the other underwriter, D.A. Davidson & Co., to issue and sell 3,300,000 shares of the Company's common stock, par value $0.01 per share ("Common Stock"), at a public offering price of $10.00 per share in an underwritten public offering (the "Offering"). As part of the Offering, the Company granted the underwriters a 30-day option to purchase up to an additional 495,000 shares of Common Stock to cover over-allotments, if any. The underwriting discounts and commissions were $0.55 per share. The net proceeds of the Offering, after underwriting discounts and expenses, and without exercise of the underwriters' over-allotment option, will be approximately $30,880,000.
The Underwriting Agreement contains customary representations, warranties and covenants among the parties as of the date of entering into such Underwriting Agreement. These representations, warranties and covenants are not factual information to investors about the Company. A copy of the Underwriting Agreement is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference. The description of the material terms of the Underwriting Agreement is qualified in its entirety by reference to such exhibit.
Pursuant to the Underwriting Agreement, directors and executive officers of the Company entered into agreements in substantially the form included as an exhibit to the Underwriting Agreement providing for a 90-day "lock-up" period with respect to sales of specified securities, subject to certain exceptions.
The shares of Common Stock were registered under the Securities Act of 1933, as amended, pursuant to a shelf registration statement on Form S-3 (Registration No. 333-182499) declared effective by the Securities and Exchange Commission on July 12, 2012 (the "Registration Statement"). The offer and sale of the shares of common stock are described in the Company's prospectus, constituting a part of the Registration Statement, as supplemented by a final prospectus supplement dated December 6, 2012.
On December 6, 2012, the Company issued a press release announcing the pricing of the public offering, a copy of which is included as Exhibit 99.1 to this Current Report on Form 8-K.
(d) Exhibits
Exhibit
Number
1.1 Underwriting Agreement, dated as of December 6, 2012, between Pacific
Premier Bancorp, Inc. and Raymond James & Associates, Inc.
5.1 Opinion of Patton Boggs LLP, dated December 6, 2012
23.1 Consent of Patton Boggs LLP (included in Exhibit 5.1)
99.1 Press release, dated December 6, 2012, announcing the pricing of the offering
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