0001596771-21-000050.txt : 20210908
0001596771-21-000050.hdr.sgml : 20210908
20210908111114
ACCESSION NUMBER: 0001596771-21-000050
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210903
FILED AS OF DATE: 20210908
DATE AS OF CHANGE: 20210908
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Deering Jesse A
CENTRAL INDEX KEY: 0001680897
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-20167
FILM NUMBER: 211241137
MAIL ADDRESS:
STREET 1: 260 EAST BROWN ST.
STREET 2: SUITE 300
CITY: BIRMINGHAM
STATE: MI
ZIP: 48009
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: MACKINAC FINANCIAL CORP /MI/
CENTRAL INDEX KEY: 0000036506
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 382062816
STATE OF INCORPORATION: MI
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 130 SOUTH CEDAR STREET
STREET 2: PO BOX 369
CITY: MANISTIQUE
STATE: MI
ZIP: 49854
BUSINESS PHONE: 9063418401
MAIL ADDRESS:
STREET 1: 130 S CEDAR ST
STREET 2: P O BOX 369
CITY: MANISTIQUE
STATE: MI
ZIP: 49854
FORMER COMPANY:
FORMER CONFORMED NAME: NORTH COUNTRY FINANCIAL CORP
DATE OF NAME CHANGE: 19990409
FORMER COMPANY:
FORMER CONFORMED NAME: FIRST MANISTIQUE CORP
DATE OF NAME CHANGE: 19920703
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2021-09-03
1
0000036506
MACKINAC FINANCIAL CORP /MI/
MFNC
0001680897
Deering Jesse A
260 EAST BROWN ST.
SUITE 300
BIRMINGHAM
MI
48009
0
1
0
0
EVP and CFO
Common Stock
2021-09-03
4
D
0
30288
D
0
D
On September 3, 2021, pursuant to the Agreement and Plan of Merger ("Merger Agreement") dated as of April 12, 2021, by and between Nicolet Bankshares, Inc. ("Nicolet") and Mackinac Financial Corporation ("MFNC"), MFNC merged with and into Nicolet ("Merger"), and each outstanding share of MFNC common stock was converted into the right to receive 0.22 of a share of Nicolet common stock, with cash payable in lieu of a fractional share in an amount equal to the fraction of a share of Nicolet common stock which the holder would otherwise be entitled to receive multiplied by $4.64. In connection with the Merger, the reporting person has the right to receive, in exchange for all of the MFNC common stock reported in Table I, an aggregate of 6,663 shares of Nicolet common stock having a market value of $76.74 per share on the effective date of the Merger, and cash in lieu of a fractional share of Nicolet common stock, subject to any required tax withholding under applicable law.
Pursuant to the Merger Agreement, the amount of securities disposed of includes MFNC restricted shares. At the effective time of the Merger, any vesting conditions applicable to outstanding restricted share awards under MFNC's equity incentive plans automatically accelerated in full and such restricted shares converted into, and will be exchanged for, the merger consideration as described in note (1) above, less any applicable taxes required to be withheld with respect to such vesting.
/s/ Jeffrey H. Kuras, by Power of Attorney
2021-09-08