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EX-99.1 - EX-99.1 - Cadence Bancorporationd504356dex991.htm

 

 

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): February 8, 2018

 

 

Cadence Bancorporation

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-38058   47-1329858

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

  (IRS Employer
Identification No.)
2800 Post Oak Boulevard, Suite 3800 Houston, Texas     77056
(Address of principal executive offices)     (Zip Code)

(713) 871-4000

(Registrant’s telephone number, including area code)

Not Applicable

(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):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 


Item 8.01 Other Events

On February 13, 2018, Cadence Bancorp, LLC (the “Selling Stockholder”) completed a secondary offering (the “Offering”) of 8,000,000 shares of Class A common stock, par value $0.01 per share (the “Class A Common Stock”), of Cadence Bancorporation (the “Company”), at a price to the public of $25.00 per share, less underwriting discounts and commissions. In addition, the underwriters exercised in full their 30-day option to purchase up to an additional 1,200,000 shares of Class A Common Stock from the Selling Stockholder (the “Option”). Upon completion of the Offering and the exercise of the Option, the Selling Stockholder held approximately 65.6% of the issued and outstanding shares of Class A Common Stock, as compared to approximately 76.6% immediately prior to the completion of the Offering.

The shares of Class A Common Stock sold by the Selling Stockholder in the Offering were registered pursuant to the Registration Statement on Form S-1 (Commission File No. 333-222824), which was declared effective by the Securities and Exchange Commission on February 8, 2018, as well as the Registration Statement on Form S-1 (Commission File No. 333-222938), filed pursuant to the Rule 462(b) of the Securities Act of 1933, as amended, on February 8, 2018. The Company did not receive any of the proceeds from the sale of such shares of Class A Common Stock.

On February 8, 2018, the Company issued a press release in connection with the pricing of the Offering. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

*****

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

 

Exhibit No.

  

Description

99.1    Press Release of Cadence Bancorporation dated February 8, 2018.


EXHIBIT INDEX

 

Exhibit No.

  

Description

99.1    Press Release of Cadence Bancorporation dated February 8, 2018.


SIGNATURE

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.

 

    Cadence Bancorporation
Date: February 13, 2018     By:  

/s/ Jerry W. Powell

    Name:   Jerry W. Powell
    Title:   Executive Vice President and General Counsel