Atlantic Union Bankshares Corp Files 8-K
Ticker: AUB-PA · Form: 8-K · Filed: Oct 22, 2024 · CIK: 883948
| Field | Detail |
|---|---|
| Company | Atlantic Union Bankshares Corp (AUB-PA) |
| Form Type | 8-K |
| Filed Date | Oct 22, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.33 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, 8-K
Related Tickers: AUBC
TL;DR
AUBC filed an 8-K on 10/21/24 for a material definitive agreement.
AI Summary
On October 21, 2024, Atlantic Union Bankshares Corporation entered into a material definitive agreement. The filing also includes other events and financial statements and exhibits.
Why It Matters
This filing indicates a significant event or agreement for Atlantic Union Bankshares Corp, which could impact its financial standing and future operations.
Risk Assessment
Risk Level: low — The filing is a standard 8-K report detailing a material definitive agreement and other events, without immediate negative financial implications.
Key Players & Entities
- Atlantic Union Bankshares Corporation (company) — Registrant
- October 21, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Atlantic Union Bankshares Corporation?
The filing states that Atlantic Union Bankshares Corporation entered into a material definitive agreement on October 21, 2024, but the specific details of this agreement are not provided in the excerpt.
What other items are included in this 8-K filing?
Besides the entry into a material definitive agreement, the filing also includes 'Other Events' and 'Financial Statements and Exhibits'.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on October 21, 2024.
What is the state of incorporation for Atlantic Union Bankshares Corporation?
Atlantic Union Bankshares Corporation is incorporated in Virginia.
What is the IRS Employer Identification Number for Atlantic Union Bankshares Corporation?
The IRS Employer Identification Number for Atlantic Union Bankshares Corporation is 54-1598552.
Filing Stats: 765 words · 3 min read · ~3 pages · Grade level 12.1 · Accepted 2024-10-22 08:00:35
Key Financial Figures
- $1.33 — ch registered Common Stock, par value $1.33 per share AUB New York Stock Exchan
Filing Documents
- tm2426467d9_8k.htm (8-K) — 30KB
- tm2426467d9_ex10-1.htm (EX-10.1) — 162KB
- 0001104659-24-110405.txt ( ) — 445KB
- aub-20241021.xsd (EX-101.SCH) — 3KB
- aub-20241021_def.xml (EX-101.DEF) — 26KB
- aub-20241021_lab.xml (EX-101.LAB) — 36KB
- aub-20241021_pre.xml (EX-101.PRE) — 25KB
- tm2426467d9_8k_htm.xml (XML) — 5KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement The disclosure regarding the Additional Forward Sale Agreement (as defined below) under Item 8.01 of this Current Report on Form 8-K is incorporated herein by reference.
01 Other Events
Item 8.01 Other Events As previously reported in a Current Report on Form 8-K filed on October 21, 2024 with the Securities and Exchange Commission (the "Prior Form 8-K"), on October 21, 2024, Atlantic Union Bankshares Corporation (the "Company") entered into (i) an underwriting agreement (the "Underwriting Agreement") with Morgan Stanley & Co. LLC, as representative for the underwriters named therein (collectively, the "Underwriters"), Morgan Stanley & Co. LLC, acting in its capacity as the forward purchaser (the "Forward Purchaser"), and Morgan Stanley & Co. LLC as forward seller (the "Forward Seller"), relating to the registered public offering and sale of 9,859,155 shares of common stock, par value $1.33 per share, of the Company ("Common Stock"), and (ii) a forward sale agreement (the "Forward Sale Agreement") with the Forward Purchaser relating to 9,859,155 shares of Common Stock. Pursuant to the Underwriting Agreement, the Underwriters were also granted a 30-day option to purchase up to an additional 1,478,873 shares of Common Stock. On October 21, 2024, the Underwriters exercised in full their option to purchase the additional 1,478,873 shares of Common Stock pursuant to the Underwriting Agreement and, in connection therewith, the Company entered into an additional forward sale agreement (the "Additional Forward Sale Agreement") with the Forward Purchaser relating to 1,478,873 shares of Common Stock, on terms essentially similar to those contained in the Forward Sale Agreement. The descriptions of the Underwriting Agreement, the Forward Sale Agreement and the Additional Forward Sale Agreement set forth above do not purport to be complete and are qualified in their respective entireties by reference to the terms and conditions of the Underwriting Agreement and the Forward Sale Agreement, which are filed as Exhibits 1.1 and 10.2, respectively, to the Prior Form 8-K, and the Additional Forward Sale Agreement, which is filed as Exhibit 10.1 hereto, and, in e
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description of Exhibit 10.1 Additional Forward Sale Agreement, dated as of October 21, 2024, between Atlantic Union Bankshares Corporation and Morgan Stanley & Co. LLC 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.
SIGNATURES
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. ATLANTIC UNION BANKSHARES CORPORATION Date: October 22, 2024 By: /s/ Robert M. Gorman Robert M. Gorman Executive Vice President and Chief Financial Officer