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SBCF > SEC Filings for SBCF > Form 8-K on 2-Dec-2013All Recent SEC Filings

Show all filings for SEACOAST BANKING CORP OF FLORIDA | Request a Trial to NEW EDGAR Online Pro



Other Events, Financial Statements and Exhibits

Item 8.01. Other Events.

Reverse Stock Split

On November 27, 2013, Seacoast Banking Corporation of Florida (the "Company") announced that the Company's Board of Directors (the "Board") had approved a 1-for-5 reverse split of its common stock, par value $0.10 per share. The Company's shareholders previously authorized the Board to approve a reverse stock split at the annual meeting in May 2013. The effective time for the reverse stock split is 12:01 a.m. Eastern Standard Time on December 13, 2013.

A copy of the press release announcing the reverse stock split is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Redemption of Series A Preferred Stock

On November 29, 2013, the Company announced that it had issued a notice to redeem, subject to regulatory approval, all of its 2,000 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A, for an aggregate price of $50 million, the face liquidation amount of the shares, plus approximately $386,000 of accrued but unpaid dividends. The redemption date is anticipated to be December 31, 2013, subject to regulatory approval.

A copy of the press release announcing the reverse stock split is attached hereto as Exhibit 99.2 and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.   Description
       99.1    Press Release dated November 27, 2013

       99.2   Press Release dated November 29, 2013

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