UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or
15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 9, 2019
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Lakeland Financial Corporation
(Exact name of Registrant as specified in its charter)
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Indiana
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0-11487
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35-1559596
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(State or other jurisdiction
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(Commission File Number)
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(IRS Employer
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Of incorporation)
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Identification No.)
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202 East Center Street, P.O.
Box 1387, Warsaw, Indiana 46581-1387
(Address of principal executive offices) (Zip Code)
(Address of principal executive offices) (Zip Code)
(574) 267-6144
(Registrant’s telephone number, including area code)
(Registrant’s telephone number, including area code)
Not Applicable
(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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Solicitation 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)
Item 7.01. Regulation FD Disclosure.
On April 9, 2019 Lakeland Financial Corporation issued a news release announcing that on April 9, 2019,
the Board of Directors (the “Board”) of Lakeland Financial Corporation (the “Company”) declared a quarterly cash dividend of $0.30 per share of Company common stock for the first quarter of 2019, payable on May 6, 2019, to shareholders of record as
of April 25, 2019. The news release is attached as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
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Exhibits. The following exhibits are filed herewith:
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| 99.1 |
Press Release issued by Lakeland Financial Corporation on April 9, 2019.
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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.
LAKELAND FINANCIAL CORPORATION
Dated: April 9, 2019 By: /s/Lisa M. O’Neill
Lisa M. O’Neill
Executive Vice President and
Chief Financial Officer
Exhibit 99.1
NEWS FROM LAKELAND FINANCIAL CORPORATION
FOR IMMEDIATE RELEASE
Contact
Lisa M. O’Neill
Executive Vice President and Chief Financial Officer
(574) 267-9125 office
lisa.oneill@lakecitybank.com
Lake City Bank Parent Announces
16% Increase in Quarterly Dividend
Warsaw, Indiana (April 9, 2019) – Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City
Bank, announced that the Board of Directors approved a quarterly cash dividend for the first quarter of 2019 of $0.30 per share, payable on May 6, 2019 to shareholders of record as of April 25, 2019. The quarterly dividend represents a 16% increase over the quarterly dividend rate paid in 2018.
“We are pleased to continue our history of double digit dividend increases for our shareholders. The dividend increase is the
outcome of consistent long-term growth in earnings and its positive impact to our capital base. Over the last decade, we have increased our dividend by 190%,” said David M. Findlay, President and Chief Executive Officer.
Lake City Bank, a $4.9 billion bank headquartered in Warsaw, Indiana, is the fourth largest bank in the state, and the
largest bank 100% invested in Indiana. Lake City Bank operates 50 branch offices in northern and central Indiana, delivering technology-driven solutions in a client-centric way to individuals and businesses. The bank is the single bank subsidiary
of Lakeland Financial Corporation (Nasdaq Global Select/LKFN). For more information visit 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, including the Company’s Annual Report on Form 10-K.