CITY HOLDING CO Files 8-K on Officer/Director Changes, Comp. Arrangements
Ticker: CHCO · Form: 8-K · Filed: Feb 1, 2024 · CIK: 726854
| Field | Detail |
|---|---|
| Company | City Holding Co (CHCO) |
| Form Type | 8-K |
| Filed Date | Feb 1, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $2.50 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-change, compensation, corporate-governance
TL;DR
**CITY HOLDING CO just filed an 8-K about executive changes and compensation, keep an eye on leadership.**
AI Summary
CITY HOLDING COMPANY filed an 8-K on February 1, 2024, reporting an event that occurred on January 31, 2024. This filing indicates a change related to the departure or election of directors or officers, or compensatory arrangements for officers, as well as other events and financial statements/exhibits. For investors, this matters because changes in leadership or executive compensation can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.
Why It Matters
Changes in executive leadership or compensation can influence a company's strategic direction and financial stability, directly affecting investor confidence and stock valuation.
Risk Assessment
Risk Level: medium — Changes in executive personnel or compensation can introduce uncertainty, but the specific details are not yet public, making the risk moderate.
Analyst Insight
A smart investor would monitor subsequent filings or press releases from CITY HOLDING COMPANY for specific details regarding the reported executive changes or compensation arrangements, as these specifics will determine the actual impact on the company.
Key Players & Entities
- CITY HOLDING COMPANY (company) — the registrant filing the 8-K
- January 31, 2024 (date) — date of the earliest event reported
- February 1, 2024 (date) — date the 8-K was filed
- 0-11733 (other) — Commission File Number
- West Virginia (other) — State of Incorporation
- 55-0619957 (other) — I.R.S. Employer Identification No.
- CHCO (other) — Trading symbol for Common Stock
- NASDAQ Global Select Market (other) — Exchange where Common Stock is registered
FAQ
What was the earliest event reported in this 8-K filing by CITY HOLDING COMPANY?
The earliest event reported in this 8-K filing occurred on January 31, 2024, as stated in the 'Date of Report (Date of Earliest Event Reported)' section.
What specific items did CITY HOLDING COMPANY report in this 8-K filing?
CITY HOLDING COMPANY reported under 'ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers', 'ITEM INFORMATION: Other Events', and 'ITEM INFORMATION: Financial Statements and Exhibits'.
What is the trading symbol and the exchange where CITY HOLDING COMPANY's common stock is registered?
The trading symbol for CITY HOLDING COMPANY's Common Stock is CHCO, and it is registered on the NASDAQ Global Select Market.
What is CITY HOLDING COMPANY's state of incorporation and IRS Employer Identification Number?
CITY HOLDING COMPANY's state of incorporation is West Virginia, and its I.R.S. Employer Identification No. is 55-0619957.
When was this 8-K filing submitted to the SEC?
This 8-K filing was filed as of February 1, 2024, according to the 'FILED AS OF DATE' information.
Filing Stats: 751 words · 3 min read · ~3 pages · Grade level 11.3 · Accepted 2024-01-31 17:37:21
Key Financial Figures
- $2.50 — hange on which registered Common Stock $2.50 Par Value CHCO NASDAQ Global Select Mar
Filing Documents
- chco-20240131.htm (8-K) — 27KB
- ex991parsonsjoinsboard.htm (EX-99.1) — 6KB
- ex992sharerepurchaseauth12.htm (EX-99.2) — 10KB
- chco-20240131_g1.jpg (GRAPHIC) — 28KB
- image_0.jpg (GRAPHIC) — 33KB
- image_0a.jpg (GRAPHIC) — 33KB
- 0000726854-24-000010.txt ( ) — 380KB
- chco-20240131.xsd (EX-101.SCH) — 2KB
- chco-20240131_def.xml (EX-101.DEF) — 16KB
- chco-20240131_lab.xml (EX-101.LAB) — 31KB
- chco-20240131_pre.xml (EX-101.PRE) — 17KB
- chco-20240131_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. On January 31, 2024 the Board of Directors of City Holding Company (the "Company") authorized the Company to buy back up to 1,000,000 of its common shares (the "Program") in open market transactions, in block trades or otherwise at prices that are accretive to the earnings per share of continuing shareholders. The Program, which has no time limit on the duration, permits management to commence or suspend purchases at any time or from time-to-time based upon market and business conditions and without prior notice. Furnished as Exhibit 99.2 and incorporated herein by reference is the news release issued by the Company announcing the approval of the stock repurchase program. Section 9 - Financial Statements and Exhibits
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (c) Exhibits 99.1 News Release issued January 31, 2024 – City Holding Company Elects James M. Parsons to Board of Directors 99.2 N ews Release issued January 31, 2024 – City Holding Company Announces Approval of Stock Repurchase Plan -2-
Signatures
Signatures Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the Undersigned hereunto duly authorized. Dated: January 31, 2024 City Holding Company By: /s/ David L. Bumgarner David L. Bumgarner Executive Vice President & Chief Financial Officer -3-