Current Report Filing (8-k)

 

 

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): March 18, 2016

 

INTERNATIONAL BANCSHARES CORPORATION

(Exact Name of Registrant as Specified in its Charter)

 

Texas		000-09439		74-2157138
(State or other Jurisdiction		(Commission File Number)		(I.R.S. Employer
of incorporation or organization)				Identification No.)

 

1200 San Bernardo, Laredo, Texas		78040-1359
(Address of principal executive offices)		(ZIP Code)

 

(Registrant’s telephone number, including area code)  [phone]

 

None

(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);

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 250.13e-4 (c))

 

 

 

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Item 8.01 Other Events

 

On March 21, 2016, International Bancshares Corporation (“IBC”) issued a news release announcing that on March 18, 2016, its Board of Directors approved the declaration of a twenty-nine cents per share cash dividend for all holders of Common Stock, $1.00 par value, of record on April 1, 2016.  The dividend will be payable on April 18, 2016.

 

The news release announcing the cash dividend attached hereto and filed herewith as Exhibit 99, is incorporated herein by reference.

 

All of the information furnished in Item 8.01 of this report and the accompanying exhibits are also intended to be included under “Item 7.01 — Regulation Fair Disclosure” and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, is not subject to the liabilities of that section and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended.

 

Item 9.01 Financial Statements and Exhibits.

 

99           News Release of International Bancshares Corporation dated March 21, 2016 entitled, “International Bancshares Corporation Announces Cash Dividend”

 

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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.

 

	INTERNATIONAL BANCSHARES CORPORATION
	(Registrant)
		/s/ Dennis E. Nixon
	By:	Dennis E. Nixon, President and
		Chairman of the Board
March 21, 2016

 

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EXHIBIT INDEX

 

Exhibit Number		Description		Page Number
99		News Release of International Bancshares Corporation dated March 21, 2016, entitled, “International Bancshares Corporation Announces Cash Dividend”		5

 

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EXHIBIT 99

 

FOR IMMEDIATE RELEASE

 

Contact:

 

Judy Wawroski

Senior Vice President

International Bancshares Corporation

[phone] (Laredo)

 

INTERNATIONAL BANCSHARES CORPORATION

ANNOUNCES CASH DIVIDEND

 

LAREDO, TX,  -(BUSINESS WIRE)-March 21, 2016 - International Bancshares Corporation (“IBC”) (NASDAQ:IBOC), today announced that on March 18, 2016, its Board of Directors approved the declaration of a 29 cents per share cash dividend for shareholders of record as of the close of business on April 1, 2016, payable on April 18, 2016.  “This cash dividend was made possible because of the continuing favorable performance of IBC during these challenging times from an economic as well as regulatory perspective,” said Dennis E. Nixon, President and CEO of IBC.

 

It is the inclination of the Board to continue to declare semiannual cash dividends.  However, any declaration of future cash dividends will depend upon IBC’s financial position, strategic plans, and general business conditions at the time.

 

IBC is a multi-bank financial holding company headquartered in Laredo, Texas, with $11.8 billion in total assets, 207 facilities and over 322 ATMs serving 87 communities in Texas and Oklahoma.

 

“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts contain forward-looking information with respect to plans, projections or future performance of IBC and its subsidiaries, the occurrence of which involve certain risks and uncertainties detailed in IBC’s filings with the Securities and Exchange Commission.

 

Copies of IBC’s SEC filings and Annual Report (as an exhibit to the 10-K) may be downloaded from the SEC filings site located at http://www.sec.gov/edgar.shtml or IBC’s website at http://www.ibc.com.

 

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