Amerant Bancorp Inc. filed SEC Form 8-K: Leadership Update, Other Events, Financial Statements and Exhibits
$AMTB
Major Banks
Finance
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 3, 2025
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 4, 2025, Miguel A. Capriles, a member of the Board of Directors of Amerant Bancorp Inc. (the “Company”), notified the Company that he will not seek reelection as a director of the Company at the Company’s upcoming 2025 Annual Meeting of Shareholders (the “Annual Meeting”). The decision of Mr. Capriles was not the result of any disagreement between Mr. Capriles and the Company relating to the Company’s operations, policies or practices. Mr. Capriles will continue to serve on the Board until the expiration of his current term at the Annual Meeting. Effective immediately before the Annual Meeting, the size of the Company’s Board will be reduced from 11 to 10 directors.
Item 8.01 Other Events
On March 3, 2025, the Company provided a Notice of Full Redemption to the holders of $60,000,000 aggregate principal amount of 5.75% Senior Notes due 2025 (the “Notes”), which complied with the requirement contained in the indenture and the supplemental indenture related to the Notes of providing a Notice of Full Redemption not more than 60 days and not less than 10 days prior to the redemption date. The Notes will be redeemed on April 1, 2025.
The Notes will be redeemed in full at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest thereon, if any, to but excluding the redemption date. The aggregate redemption price, including accrued interest, will total approximately $60.9 million. Interest on the Notes will no longer accrue on and after the redemption date. Payment of the redemption price for the Notes will be made by The Bank of New York Mellon, as trustee.
A copy of the Notice of Full Redemption is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
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| 99.1 | |||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
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.
| Date: March 7, 2025 | Amerant Bancorp Inc. | |||||||||||||
| By: | /s/ Julio V. Pena | |||||||||||||
| Name: Julio V. Pena | ||||||||||||||
| Title: Senior Vice President, Associate General Counsel and Corporate Secretary | ||||||||||||||