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0001624322
0001624322
2024-07-25
2024-07-25
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): July 25, 2024
BUSINESS FIRST BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
Louisiana
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001-38447
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20-5340628
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(State of incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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500 Laurel Street, Suite 101
Baton Rouge, Louisiana
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70801
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(Address of principal executive offices)
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(Zip code)
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Registrant’s telephone number, including area code: (225) 248-7600
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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)
☐ Soliciting 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))
Securities registered pursuant to Section 12(b) of the Exchange Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $1.00 per share
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BFST
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NASDAQ Global Select Market
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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. ☐
5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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(d) On July 25, 2024, the boards of directors of Business First Bancshares, Inc. (“Business First”) and b1BANK appointed Zeenat Sidi to serve as a director of each of Business First and b1BANK. Ms. Sidi was also appointed to serve on the audit committee of the board of directors of Business First.
The Board determined that Ms. Sidi is an independent director under applicable Nasdaq listing standards. There is no arrangement or understanding between Ms. Sidi and any other person pursuant to which she was selected as a director of Business First or b1BANK, and there is no family relationship between Ms. Sidi and any of Business First’s other directors or executive officers. Ms. Sidi does not have a material interest in any transaction that is required to be disclosed under Item 404(a) of Regulation S-K, other than deposits, loans, and other financial services related transactions with b1BANK made in the ordinary course of business, on substantially the same terms, including interest rates and collateral (where applicable), as those prevailing at the time for comparable transactions with persons not related to Business First or b1BANK, and do not involve more than normal risk of collectability or present other features unfavorable to b1BANK.
On July 25, 2024, David R. “Jude” Melville, III was named Chairman of the board of directors of Business First and b1BANK, and Rolfe H. McCollister, Jr. was named Lead Independent Director. Each had previously been serving in the same roles in an acting capacity following the death of the previous chairman, Robert S. Greer, on March 19, 2024.
Item 9.01
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Financial Statements and Exhibits.
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(d) Exhibits
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, thereunto duly authorized.
Dated: July 31, 2024
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BUSINESS FIRST BANCSHARES, INC. |
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By:
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/s/ David R. Melville, III
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David R. Melville, III
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President and Chief Executive Officer
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v3.24.2
Document And Entity Information
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Jul. 25, 2024 |
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Entity, Registrant Name |
BUSINESS FIRST BANCSHARES, INC.
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8-K
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Jul. 25, 2024
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Entity, Incorporation, State or Country Code |
LA
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Entity, File Number |
001-38447
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Entity, Tax Identification Number |
20-5340628
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Entity, Address, Address Line One |
500 Laurel Street, Suite 101
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Entity, Address, City or Town |
Baton Rouge
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Entity, Address, State or Province |
LA
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Entity, Address, Postal Zip Code |
70801
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City Area Code |
225
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248-7600
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Common Stock
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BFST
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NASDAQ
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