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
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Date of Report (Date of earliest event reported) |
December 15, 2009 |
Lakeland Financial Corporation
(Exact name of registrant as specified in its charter)
Commission File Number: 000-11487
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Indiana |
35-1559596 |
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(State or other jurisdiction of incorporation) |
(I.R.S. Employer Identification Number) |
202 East Center Street
Warsaw, Indiana 46581-1387
(Address of principal executive offices, including zip code)
(574) 267-6144
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange |
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Act (17 CFR 240.14d-2(b)) | |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange |
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Act (17 CFR 240.13e-4(c)) |
Item 7.01. Regulation FD Disclosure.
On December 15, 2009, Lakeland Financial Corporation issued a press release announcing the closing of the sale of 125,431 shares of common stock pursuant to the underwriters’ exercise of the over-allotment option, which the Company granted in connection with its previously announced underwritten public stock offering. A copy
of the press release relating to the announcement is furnished as Exhibit 99.1 to this Current Report and is incorporated into this Item 7.01 by reference.
The information furnished under Item 7.01 of this Current Report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific
reference in such filing.
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(d) |
Exhibits. The following exhibits are filed herewith: |
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99.1 |
Press release issued by the Company on December 15, 2009 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Lakeland Financial Corporation | |
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Dated: December 15, 2009 |
By: /s/ David M. Findlay |
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David M. Findlay
Executive Vice President and Chief Financial Officer |
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FOR IMMEDIATE RELEASE |
Contact: David M. Findlay |
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Executive Vice President- | |
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Administration and | |
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Chief Financial Officer | |
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(574) 267-9197 | |
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david.findlay@lakecitybank.com |
LAKELAND FINANCIAL CORPORATION ANNOUNCES CLOSING OF OVER-ALLOTMENT OF COMMON STOCK OFFERING
Warsaw, Indiana (December 15, 2009) – Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, announced today the closing of the sale of 125,431 shares of common stock pursuant to the underwriters’ exercise of the over-allotment option, which the Company granted in connection with its previously
announced underwritten public stock offering. The Company sold the additional shares to the underwriters at the same public offering price of $17.00 per share agreed to for the initial closing on November 18, 2009. The aggregate net proceeds to the Company from the public offering, after deducting underwriting discounts and commissions and offering expenses, including the net proceeds of approximately $2.0 million from the sale of shares
pursuant to the over-allotment option, are approximately $57.9 million. Stifel, Nicolaus & Company, Incorporated acted as the book-running manager of the public offering, and Keefe, Bruyette & Woods, Inc. and Howe Barnes Hoefer & Arnett, Inc. acted as co-managers.
Lakeland Financial Corporation is a $2.5 billion bank holding company headquartered in Warsaw, Indiana. Lake City Bank serves Northern Indiana with 43 branches located in the following Indiana counties: Kosciusko, Elkhart, Allen, St. Joseph, DeKalb, Fulton, Huntington, LaGrange, Marshall, Noble, Pulaski and Whitley. The
Company also has a loan production office in Indianapolis, Indiana. Additional information regarding the Company can be accessed on its home page at www.lakecitybank.com.
This document contains, and future oral and written statements of the Company and its management may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, plans, objectives, future performance and business
of the Company. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of the Company’s management and on information currently available to management, are generally identifiable by the use of words such as “believe,” “expect,” “anticipate,” “plan,” “intend,” “estimate,” “may,” “will,” “would,” “could,” “should” or other similar expressions.
Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events. Additional information concerning the Company and its business, including factors that could materially affect the Company’s financial results, is included in the Company’s filings with the Securities and Exchange Commission.