Attached files
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EX-5.1 - EX-5.1 - FIRSTMERIT CORP /OH/ | l39825exv5w1.htm |
EX-1.1 - EX-1.1 - FIRSTMERIT CORP /OH/ | l39825exv1w1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported May 17, 2010
FIRSTMERIT CORPORATION
(Exact name of registrant as specified in its charter)
Ohio | 0-10161 | 34-1339938 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
( IRS Employer Identification No.) |
III Cascade Plaza, 7th Floor Akron, Ohio | 44308 | |
(Address of principal executive offices) | (Zip Code) |
(330) 996-6300
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On May 17, 2010, FirstMerit Corporation (the Company) entered into an underwriting
agreement (the Underwriting Agreement) with Credit Suisse Securities (USA) LLC, RBC Capital
Markets Corporation and Sandler ONeil & Partners, L.P (collectively, the Underwriters), with
respect to the sale of 16,578,947 shares of the Companys common stock, no par value (Common
Shares), to the Underwriters in connection with a public underwritten offering (the Offering).
The Underwriting Agreement also provides the Underwriters with a 30-day option to purchase up to an
additional 2,486,842 Common Shares from the Company to cover overallotments.
Pursuant to the Underwriting Agreement, all directors and executive officers of the Company
entered into agreements in substantially the form attached as Exhibit A to the Underwriting
Agreement providing for a 90-day lock-up period with respect to sales of specified securities,
subject to certain exceptions.
The Offering is more fully described in a prospectus supplement dated May 17, 2010 to the
prospectus dated February 6, 2009 filed with the Securities and Exchange Commission as part of the
Companys Registration Statement on Form S-3 (Registration No. 333-157163) (the Registration
Statement) filed on February 6, 2009.
A copy of the Underwriting Agreement has been attached hereto as Exhibit 1.1 and is
incorporated by reference herein. The foregoing description of the Underwriting Agreement does not
purport to be complete and is qualified in its entirety by reference to such exhibit. Additional
exhibits are filed herewith in connection with the Companys Registration Statement, which are
incorporated herein by reference.
ITEM 7.01 REGULATION FD DISCLOSURE.
On May 21, 2010, the Company announced that it closed the Offering and completed the sale of a
total of 16,578,947 Common Shares to the Underwriters at $19.00 per share. The net proceeds from
the Offering were approximately $301.21 million after deducting underwriting discounts and
commissions and the estimated expenses of the Offering payable by the Company. The Company intends
to use the net proceeds of the Offering, which will qualify as tangible common equity and Tier 1
capital, for general corporate purposes, including the contribution of all or substantially all of
the net proceeds to the capital of FirstMerit Bank, N.A., which may use such amount for its general
corporate purposes following its assumption of substantially all of the deposits and certain
identified liabilities and its acquisition of substantially all of the loans and certain other
assets of Midwest Bank and Trust Company (Midwest Bank), an Illinois state-chartered bank
headquartered in Elmwood Park, Illinois and a wholly-owned subsidiary of Midwest Banc Holdings,
Inc., from the Federal Deposit Insurance Corporation, as receiver, on May 14, 2010.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
Exhibit | ||
Number | Description | |
1.1
|
Underwriting Agreement, dated May 17, 2010, between FirstMerit Corporation, Credit Suisse Securities (USA) LLC, RBC Capital Markets Corporation and Sandler ONeil & Partners, L.P. | |
5.1
|
Opinion of Vorys, Sater, Seymour and Pease LLP regarding the legality of the Common Shares to be issued pursuant to the Underwriting Agreement dated May 17, 2010. | |
23.1
|
Consent of Vorys, Sater, Seymour and Pease LLP (included in Exhibit 5.1). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FirstMerit Corporation |
||||
By: | /s/ Carlton E. Langer | |||
Carlton E. Langer | ||||
Senior Vice President and Assistant Corporate Secretary | ||||
Date: May 21, 2010