UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
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(Address of principal executive offices) | (Zip Code) |
(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 (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)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
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 5.07 | Submission of Matters to a Vote of Security Holders |
A special meeting of shareholders of Riverview Financial Corporation (the “Company”) was held on November 18, 2021 (the “Special Meeting”). The proposals listed below were submitted to a vote of the shareholders of the Company. The proposals are described in detail in the Company’s proxy statement filed with the Securities and Exchange Commission on October 6, 2021. The final results of the shareholder votes were as set forth below. Each proposal was approved by the shareholders of the Company.
Proposal 1 – Approval of the Merger Agreement and Merger.
The shareholders of the Company approved and adopted the Agreement and Plan of Merger, dated as of June 30, 2021, and amended on August 26, 2021 (the “Merger Agreement”), by and between Mid Penn Bancorp, Inc. (“Mid Penn”) and the Company, pursuant to which the Company will merge with and into Mid Penn, with Mid Penn as the surviving corporation (the “merger proposal”). The vote on the merger proposal was as follows:
For |
6,583,734 | |||
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Against |
54,881 | |||
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Abstain |
17,974 | |||
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Broker non-votes |
— | |||
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Proposal 2 – Approval of the Compensation Proposal
The shareholders of the Company approved an advisory, non-binding proposal to approve the merger-related compensation payments that will be paid to the named executive officers of the Company in connection with the merger (the “compensation proposal”). The vote on the compensation proposal was as follows:
For |
5,606,485 | |||
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Against |
889,191 | |||
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Abstain |
160,913 | |||
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Broker non-votes |
— | |||
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Proposal 3 – Approval of Adjournment of Special Meeting
The shareholders of the Company approved the adjournment of the Special Meeting, if necessary, to solicit additional proxies in favor of the merger proposal (the “adjournment proposal”), but the adjournment was not necessary in light of the approval of the merger proposal. The vote on the adjournment proposal was as follows:
For |
6,444,061 | |||
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Against |
201,505 | |||
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Abstain |
11,023 | |||
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Broker non-votes |
— | |||
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2
Item 7.01 | Regulation FD Disclosure |
On November 18, 2021, the Company and Mid Penn issued a joint press release announcing that, at special meetings of their respective shareholders held on November 18, 2021, the Company’s shareholders and Mid Penn’s shareholders each approved the Merger Agreement. Subject to customary closing conditions, the merger is expected to close on November 30, 2021. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K (this “Current Report”).
Information contained in Item 7.01 of this Current Report, including Exhibit 99.1, will not be deemed filed for the purposes of the Securities Exchange Act of 1934, as amended, nor will such information and exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.
Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
Exhibit Number |
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99.1 | Press release, dated November 18, 2021 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, thereunto, duly authorized.
RIVERVIEW FINANCIAL CORPORATION | ||||
(Registrant) | ||||
Dated: November 22, 2021 | /s/ Brett D. Fulk | |||
Brett D. Fulk | ||||
President and Chief Executive Officer |
4
Exhibit 99.1
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NEWS RELEASE
Contact: | Mid Penn Bancorp, Inc. | |
Matt Miller | ||
matt.miller@midpennbank.com | ||
484-527-4025 | ||
Riverview Financial Corporation | ||
Scott A. Seasock | ||
sseasock@riverviewbankpa.com | ||
717-827-4039 |
FOR IMMEDIATE RELEASE
Shareholders of Mid Penn Bancorp, Inc. and Riverview Financial Corporation Approve Merger
MILLERSBURG, Pa. and HARRISBURG, Pa., (November 18, 2021) (GLOBE NEWSWIRE) Mid Penn Bancorp, Inc. (Mid Penn) (NASDAQ: MPB) and Riverview Financial Corporation (Riverview) (NASDAQ: RIVE) announced today that shareholders from both Mid Penn and Riverview overwhelmingly approved Mid Penns proposed acquisition of Riverview at special meetings of their respective shareholders held on November 18, 2021.
The level of support for this transaction was tremendous, said Rory G. Ritrievi, President and CEO of Mid Penn Bancorp, Inc. Of the total number of votes received, over 98% of Riverview shares voted in favor of the merger and more than 98% of Mid Penn shares also voted in favor of the merger.
The merger will extend Mid Penns footprint into attractive new markets, including the Lehigh Valley and State College region, and will expand its presence in Western Pennsylvania. Mid Penn, on a pro forma basis following completion of the merger, is expected to have $4.7 billion in assets. The acquisition is subject to various conditions to closing and is anticipated to close on November 30, 2021.
1
About Mid Penn Bancorp, Inc.
Mid Penn Bancorp Inc. (NASDAQ: MPB), headquartered in Millersburg, Pennsylvania, has been serving the community since 1868. Mid Penn has 36 retail locations in the state of Pennsylvania and total assets of more than $3 billion. Its footprint includes Berks, Bucks, Chester, Cumberland, Dauphin, Fayette, Lancaster, Luzerne, Montgomery, Northumberland, Schuylkill and Westmoreland counties. The bank offers a comprehensive portfolio of products and services to meet the banking needs of the communities it serves. To learn more about Mid Penn Bank, visit www.midpennbank.com.
About Riverview Financial Corporation
Riverview Financial Corporation is the parent company of Riverview Bank. An independent community bank, Riverview Bank serves the Pennsylvania market areas of Berks, Blair, Bucks, Centre, Clearfield, Cumberland, Dauphin, Huntingdon, Lebanon, Lehigh, Lycoming, Perry and Schuylkill Counties through 23 community banking offices and three limited purpose offices. Each office, interdependent with the community, offers a comprehensive array of financial products and services to individuals, businesses, not-for-profit organizations and government entities.
Safe Harbor for Forward-Looking Statements
This document may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various risks, uncertainties and other factors. Such risks, uncertainties and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: the continued effectiveness of regulatory approvals and the satisfaction of other closing conditions to the merger; the timing of closing the merger; difficulties and delays in integrating the business or fully realizing cost savings and other benefits; ineffectiveness of the companys business strategy due to changes in current or future market conditions; the effects of competition, and of changes in laws and regulations, including industry consolidation and development of competing financial products and services; interest rate movements; changes in credit quality; inability to achieve other merger-related synergies; difficulties in integrating distinct business operations, including information technology difficulties; volatilities in the securities markets; and deteriorating economic conditions, and other risks and uncertainties, including those detailed in Mid Penn Bancorp, Inc.s and Riverview Financial Corporations filings with the Securities and Exchange Commission (SEC).
2
P-("?F)SQ[FBBL;OV-C6R]K
Document and Entity Information |
Nov. 18, 2021 |
---|---|
Cover [Abstract] | |
Entity Registrant Name | Riverview Financial Corp |
Amendment Flag | false |
Entity Central Index Key | 0001590799 |
Document Type | 8-K |
Document Period End Date | Nov. 18, 2021 |
Entity Incorporation State Country Code | PA |
Entity File Number | 001-38627 |
Entity Tax Identification Number | 38-3917371 |
Entity Address, Address Line One | 3901 North Front Street |
Entity Address, City or Town | Harrisburg |
Entity Address, State or Province | PA |
Entity Address, Postal Zip Code | 17110 |
City Area Code | (717) |
Local Phone Number | 827-4042 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Common Stock |
Trading Symbol | RIVE |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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