8-K 1 form8k.htm 8-K
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):  September 18, 2019 (September 16, 2019)


South Plains Financial, Inc.
(Exact name of registrant as specified in its charter)


Texas
001-38895
75-2453320
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)

5219 City Bank Parkway
Lubbock, Texas
  
79407
(Address of principal executive offices)
  
(Zip Code)

(806) 792-7101
(Registrant’s 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:
 
☐
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))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $1.00 per share
SPFI
The Nasdaq Stock Market LLC
 
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 September 18, 2019, South Plains Financial, Inc. (the “Company”) announced the resignation of Kevin Bass, Chief Credit Officer of the Company and its banking subsidiary, City Bank (the “Bank”), effective as of September 16, 2019.  Mr. Bass’ resignation is not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.  A copy of the press release announcing Mr. Bass’ resignation is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
 
On September 16, 2019, Cory Newsom, President and Chief Executive Officer of the Bank, appointed Robert Kotarski, current Market President for City Bank in El Paso, as the interim Chief Credit Officer of the Bank, effective upon Mr. Bass’ resignation.
 
Item 9.01
Financial Statements and Exhibits.
 
(d)
Exhibits.
 
 
Exhibit No.
Description
 
Press release issued by South Plains Financial, Inc., dated September 18, 2019.

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.

 
SOUTH PLAINS FINANCIAL, INC.
       
Dated:  September 18, 2019
  
By:
/s/ Curtis C. Griffith
     
Curtis C. Griffith
     
Chairman and Chief Executive Officer