Byline Bancorp Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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| Item 8.01. | Other Events. |
On June 12, 2025, the Estate of Daniel L. Goodwin (the “Estate”) and Equity Shares Investors, LLC, an affiliate of the Estate (the “Selling Stockholders”), completed their sale of 4,282,210 shares (the “Shares”) of common stock of Byline Bancorp, Inc. (the “Company”) in a registered public offering (the “Offering”) pursuant to the Company’s Registration Statement on Form S-3 filed under the Securities Act of 1933, as amended, that became automatically effective upon filing on June 10, 2025. The Shares were sold pursuant to an Underwriting Agreement, dated June 10, 2025 (the “Underwriting Agreement”), among the Company, the Selling Stockholders and J.P. Morgan Securities LLC, as sole underwriter for the Offering (the “Underwriter”). The Company did not receive any proceeds from the sale of the Shares by the Selling Stockholders.
In addition, in connection with the Company’s previously announced intention to purchase shares in the Offering, the Company purchased 418,235 of the Shares from the Underwriter (the “Stock Repurchase”) at a price per share of $23.91, which was equal to the price per share paid by the Underwriter to the Selling Stockholders in the Offering. The Stock Repurchase was executed under the Company’s existing stock repurchase program authorized on January 1, 2025. Certain of the Company’s directors purchased an aggregate of $1.27 million of the Shares in the Offering at the public offering price and on the same terms as the other purchasers in the Offering.
The Underwriting Agreement includes customary representations, warranties and covenants, and indemnities, including by each of the Company and the Selling Stockholders. The foregoing description of the Underwriting Agreement is not complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement, a copy of which is attached as Exhibit 1.1 to this Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
Exhibit No.
| 1.1 | Underwriting Agreement, dated June 10, 2025, by and among the Company, the Selling Stockholders and the Underwriter. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BYLINE BANCORP, INC. | ||
| Date: June 12, 2025 | By: | /s/Roberto R. Herencia |
| Name: | Roberto R. Herencia | |
| Title: | Executive Chairman and CEO | |
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