UNITED STATES

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

 

Date of Report (Date of earliest event reported):  March 6, 2013

 

Hilltop Holdings Inc.

(Exact name of registrant as specified in its charter)

 

Maryland

 

1-31987

 

84-1477939

(State or other jurisdiction of
incorporation)

 

(Commission

File Number)

 

(IRS Employer Identification
No.)

 

200 Crescent Court, Suite 1330

 

 

Dallas, Texas

 

75201

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code:  (214) 855-2177

 

 

(Former name or former address, if changed since last report.)

 

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 (see General Instruction A.2. below):

 

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))

 

 

 



 

Section 5 — Corporate Governance and Management

 

Item 5.02                   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

2012 Bonuses

 

On March 6, 2013, the Compensation Committee of the Board of Directors of Hilltop Holdings Inc., or the Company, awarded bonuses as follows for fiscal 2012:

 

Name

 

Amount

 

Jeremy B. Ford

 

$

300,000

 

Darren Parmenter

 

$

100,000

 

Alan B. White

 

$

1,350,000

 

Hill A. Feinberg

 

$

850,000

 

Todd Salmans

 

$

900,000

 

 

The bonuses awarded to Messrs. Ford, Parmenter, Feinberg and Salmans were determined at the discretion of the Compensation Committee based upon an evaluation of their respective performance.  The bonus awarded to Mr. White was determined in accordance with that certain Retention Agreement among the Company, PlainsCapital Corporation and Mr. White.

 

2013 Compensation

 

On March 6, 2013, the Compensation Committee of the Board of Directors determined to increase the salaries of Messrs. Ford and Parmenter as follows for 2013:

 

Name

 

2012 Salary

 

2013 Salary

 

Increase

 

 

 

 

 

 

 

 

 

Jeremy B. Ford

 

$

400,000

 

$

500,000

 

$

100,000

 

Darren Parmenter

 

$

290,000

 

$

300,000

 

$

10,000

 

 

The Compensation Committee expects to consider 2013 incentive compensation at its next meeting.

 

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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.

 

 

 

 

Hilltop Holdings Inc.,

 

 

 

a Maryland corporation

 

 

 

 

 

 

 

 

Date:  March 12, 2013

 

By:

/s/ COREY PRESTIDGE

 

 

 

Name:  Corey G. Prestidge

 

 

 

Title:    General Counsel & Secretary

 

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