UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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): July 25, 2023
First Financial Bankshares, Inc.
(Exact name of registrant as specified in its Charter)
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Texas | 0-07674 | 75-0944023 |
(State or other jurisdiction of incorporation or organization) | (Commission
File No.) | (I.R.S. Employer Identification No.) |
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| 400 Pine Street, Abilene, Texas 79601 | |
| (Address of Principal Executive Offices and Zip Code) | |
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| Registrant’s Telephone Number (325) 627-7155 | |
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:
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☐ |
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 203.425) |
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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 Act (17 CFR 240.14d-2 (b)) |
☐ | | Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13 e-4 (c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class | | Trading
Symbol(s) | | Name of each exchange
on which registered |
Common Stock, $0.01 par value | | FFIN | | The Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 8.01 OTHER EVENTS
On July 25, 2023, the Board of Directors (the "Board") of First Financial Bankshares, Inc., a Texas corporation (the "Corporation"), renewed its stock repurchase plan to repurchase common shares of the Corporation. Under the renewed plan, the Corporation extended the expiration date of the plan from July 31, 2023 to July 31, 2024 with authorization to acquire up to 5 million shares. Stock repurchases under the plan may be made from time to time on the open market, in privately negotiated transactions, or in any other manner that complies with applicable securities laws, at the discretion of the Corporation. The timing of purchases and the number of shares repurchased up to an aggregate amount of 5 million shares under the plan is dependent upon a variety of factors including price, trading volume, corporate and regulatory requirements, including non-objection from the Federal Reserve, and market conditions. The repurchase plan may be suspended or discontinued at any time without notice.
A copy of the press release announcing the amendment to the stock repurchase plan is attached hereto as Exhibit 99.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
99.1 Press Release dated July 31, 2023
104 Cover Page Interactive Data File (embedded within 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.
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| | FIRST FINANCIAL BANKSHARES, INC. |
| | (Registrant) |
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DATE: July 31, 2023 | By: | /s/ F. Scott Dueser |
| | F. SCOTT DUESER |
| | Chairman, President and Chief Executive Officer |
