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Name | Symbol | Market | Type |
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Texas Capital Bancshares Inc | NASDAQ:TCBIP | NASDAQ | Preference Share |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 25.01 | 24.90 | 25.06 | 0 | 01:00:00 |
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Delaware
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001-34657
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75-2679109
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(State or other jurisdiction of
incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification Number)
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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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))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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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 $0.01 per share
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TCBI
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Nasdaq Stock Market
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6.50% Non-Cumulative Perpetual Preferred Stock Series A, par value $0.01 per share
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TCBIP
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Nasdaq Stock Market
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1.
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A cash payment equal to eighteen (18) months of Mr. Ackerson’s base salary as in effect on the Separation Date, plus a cash payment equal to the average of the annual cash bonuses paid by the Company for the two (2) full bonus plan years prior to the Separation Date, each of such amounts to be payable in equal semi-monthly installments, over a period of eighteen (18) months in accordance with the Company's regular payroll practices (the "Cash Separation Payments").
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2.
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Continued vesting of the Performance RSUs, as defined in the Agreement, outstanding as of the Separation Date, in accordance with their terms and subject to the achievement of the applicable performance conditions that remain outstanding as of the Separation Date.
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3.
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Continued vesting of the Time-Based RSUs, as defined in the Agreement, outstanding as of the Separation Date that do not otherwise vest on the Separation Date, in accordance with their terms.
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4.
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Continued medical insurance benefits for a period of eighteen (18) months following the Separation Date, as set forth in the Agreement (the “Medical Benefits”).
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5.
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A one-time lump sum payment of $20,000 as reimbursement for out-of-pocket legal expenses and administrative costs in connection with the Agreement (the “Expense Payment”).
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(d)
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Exhibits
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10.1
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Date:
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July 29, 2019
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TEXAS CAPITAL BANCSHARES, INC.
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By:
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/s/ Julie Anderson
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Julie Anderson
Chief Financial Officer |
1 Year Texas Capital Bancshares Chart |
1 Month Texas Capital Bancshares Chart |
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