First Busey Corp Files 8-K on Shareholder Vote Matters
Ticker: BUSEP · Form: 8-K · Filed: Dec 23, 2024 · CIK: 314489
| Field | Detail |
|---|---|
| Company | First Busey Corp /NV/ (BUSEP) |
| Form Type | 8-K |
| Filed Date | Dec 23, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, shareholder-vote, filing
Related Tickers: BUSE
TL;DR
Busey Corp (BUSE) filed an 8-K for shareholder vote matters - watch for updates.
AI Summary
On December 20, 2024, First Busey Corporation filed an 8-K report detailing a submission of matters to a vote of security holders. The filing also included other events and financial statements and exhibits. The company is incorporated in Nevada and headquartered in Champaign, Illinois.
Why It Matters
This filing indicates that First Busey Corporation is engaging in a process that requires shareholder approval, which could lead to significant corporate actions or changes.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate events and does not inherently signal financial distress or significant negative news.
Key Players & Entities
- First Busey Corporation (company) — Registrant
- Nevada (jurisdiction) — State of incorporation
- Champaign, Illinois (location) — Principal executive offices
- December 20, 2024 (date) — Date of earliest event reported
FAQ
What specific matters are being submitted to a vote of First Busey Corporation's security holders?
The filing indicates a submission of matters to a vote of security holders, but the specific details of these matters are not provided in the provided text excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on December 20, 2024.
What is the principal executive office address for First Busey Corporation?
The principal executive office address for First Busey Corporation is 100 W. University Ave., Champaign, Illinois 61820.
What is the IRS Employer Identification Number for First Busey Corporation?
The IRS Employer Identification Number for First Busey Corporation is 37-1078406.
What is the SIC code for First Busey Corporation?
The Standard Industrial Classification (SIC) code for First Busey Corporation is 6022, which corresponds to State Commercial Banks.
Filing Stats: 880 words · 4 min read · ~3 pages · Grade level 11.3 · Accepted 2024-12-23 09:05:28
Key Financial Figures
- $0.001 — h registered Common Stock, par value $0.001 per share BUSE The Nasdaq Stock Mar
Filing Documents
- tm2431813d1_8k.htm (8-K) — 44KB
- tm2431813d1_ex99-1.htm (EX-99.1) — 22KB
- tm2431813d1_ex99-1img001.jpg (GRAPHIC) — 35KB
- 0001104659-24-131093.txt ( ) — 292KB
- buse-20241220.xsd (EX-101.SCH) — 3KB
- buse-20241220_lab.xml (EX-101.LAB) — 33KB
- buse-20241220_pre.xml (EX-101.PRE) — 22KB
- tm2431813d1_8k_htm.xml (XML) — 3KB
07
Item 5.07 Submission of Matters to a Vote of Security Holders. On December 20, 2024, First Busey Corporation ("Busey") held a special meeting of stockholders (the "Special Meeting") virtually via the internet, pursuant to notice duly given, in connection with the proposed merger of Busey and CrossFirst Bankshares, Inc. ("CrossFirst"). Busey's stockholder representation at the Special Meeting was summarized as follows: Shares of common stock entitled to notice of, and to vote at, the Special Meeting 56,878,232 Shares represented at the Special Meeting by Busey stockholders who were present or by Busey stockholders who were represented by proxy 46,493,572 Percentage of shares represented 81.74 % At the Special Meeting, Busey's stockholders voted on, and approved, three proposals related to the proposed transaction. A fourth proposal was withdrawn. Each of the proposals is described more fully in the joint proxy statement/prospectus of Busey and CrossFirst, dated November 13, 2024 (the "Joint Proxy Statement/Prospectus"), as supplemented by the Current Report on Form 8-K filed by Busey with the U.S. Securities and Exchange Commission on December 13, 2024. The vote results on the matters presented at the Special Meeting were as follows: 1. Proposal 1 – Busey merger proposal . A proposal to approve the Agreement and Plan of Merger, dated as of August 26, 2024, by and between Busey and CrossFirst (the "merger agreement") and the issuance of Busey common stock to holders of CrossFirst common stock pursuant to the merger agreement (including for purposes of complying with Nasdaq Listing Rule 5635(a)): Votes For Votes Against Abstentions Broker Non-Votes 39,500,271 366,151 357,578 6,269,572 2. Proposal 2 – Busey articles amendment proposal. A proposal to approve an amendment to Busey's amended and restated articles of incorporation to increase the authorized number of shares of Busey common stock from 100,000,000 to 200,000,000: Votes For Votes
01
Item 8.01. Other Events. On December 23, 2024, Busey and CrossFirst issued a joint press release announcing the results of the Special Meeting and the results of the special meeting of CrossFirst's stockholders also held on December 20, 2024. A copy of the joint press release is attached as Exhibit 99.1 and is incorporated herein by reference.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Joint Press Release, dated December 23, 2024 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document)
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. Dated: December 23, 2024 FIRST BUSEY CORPORATION By: /s/ Jeffrey D. Jones Jeffrey D. Jones Chief Financial Officer