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SWS > SEC Filings for SWS > Form 8-K on 13-Jan-2014All Recent SEC Filings

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Form 8-K for SWS GROUP INC


Other Events

Item 8.01 Other Events.

On January 10, 2014, SWS Group, Inc. (the "Company") announced that it received an unsolicited acquisition proposal dated January 9, 2014 from Hilltop Holdings Inc. ("Hilltop") to acquire all of the outstanding Company common stock that Hilltop does not already own for $7.00 per share in 50% cash and 50% Hilltop common stock.

Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the Company's Board of Directors (the "Board") will review the proposal to determine the course of action it believes is in the best interests of the Company and its stockholders. The Board will make its formal recommendation to stockholders in due course. The Company's stockholders are advised to take no action at this time.

A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. A copy of the proposal is attached hereto as Exhibit 99.2.

Item 9.01(d). Exhibits.

Exhibit 99.1 Press Release issued by SWS on January 10, 2014.

Exhibit 99.2 Letter from Hilltop Holdings Inc. dated January 9, 2014.

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