Current Report Filing (8-k)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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):  August 6, 2015

Commission File Number:  0-23636

Hawthorn Bancshares, Inc.
(Exact name of small business issuer as specified in its charter)

Missouri
(State or other jurisdiction of incorporation or organization)

43-1626350
(IRS Employer Identification No.)

132 East High Street, PO Box 688, Jefferson City, Missouri 65102
(Address of principal executive offices)

573-761-6179
(Registrant's Telephone number)

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 (see General Instruction A.2. below):

[ ] 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))

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Item 8.01 Other Events.

Hawthorn Bancshares Announces Intention to Repurchase Common Stock

Item 9.01 Financial Statements and Exhibits.

The full text of the press release is furnished as an exhibit to this report on Form 8-K.

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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.

 

 

Hawthorn Bancshares, Inc.

Date:   August 10, 2015

By:	/s/ David T. Turner
	Name: David T. Turner
	Title: Chairman, CEO & President

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Exhibit Index

 

Exhibit No.		Description
EX-99.1		Hawthorn Bancshares Announces Intention to Repurchase Common Stock

Exhibit 99.1

Hawthorn Bancshares Announces Intention to Repurchase Common Stock

Jefferson City, Mo. — August 6, 2015 — Hawthorn Bancshares Inc. (NASDAQ: HWBK), today announced that the Board of Directors authorized the purchase, through open market transactions, of $2 million market value of Hawthorn Bancshares’ common stock.

Management was given discretion to determine the number and pricing of the shares to be purchased, as well as, the timing of any such purchases.  The Company intends to purchase its shares through broker dealers selected in compliance with applicable securities laws at prices for the common stock prevailing from time to time in NASDAQ’s National Market.

The repurchased shares will be held in treasury and may be used by the Company for general corporate purposes, including stock-based employee benefit plans and stock dividends.  It is expected that the stock repurchases will be funded by cash generated through cash on hand, operations and other sources.  At August 6, 2015, the Company had 5,443,344 common shares outstanding.

David T. Turner, Chairman, stated “Our Company’s purchase of common stock will be carried out in a manner designed to avoid disrupting the market and may, therefore, occur over an extended period of time.  Purchasing activities may be discontinued and resumed at any time, as market conditions warrant.”

About Hawthorn Bancshares

Hawthorn Bancshares, Inc., a financial-bank holding company headquartered in Jefferson City, Missouri, is the parent company of Hawthorn Bank of Jefferson City with locations in the Missouri communities of Lee's Summit, Liberty, Springfield, Branson, Independence,  Columbia, Clinton, Windsor, Collins, Osceola, Warsaw, Belton, Drexel, Harrisonville, California and St. Robert.

Contact:  

Bruce Phelps

 

Chief Financial Officer

TEL: [phone]   FAX: [phone]

www.HawthornBancshares.com

Statements made in this press release that suggest Hawthorn Bancshares' or management's intentions, hopes, beliefs, expectations, or predictions of the future include "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended.  It is important to note that actual results could differ materially from those projected in such forward-looking statements.  Additional information concerning factors that could cause actual results to differ materially from those projected in such forward-looking statements is contained from time to time in the company's quarterly and annual reports filed with the Securities and Exchange Commission.

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