HomeTrust Bancshares Faces Delisting Concerns

Ticker: HTB · Form: 8-K · Filed: Feb 11, 2025 · CIK: 1538263

Sentiment: bearish

Topics: delisting, listing-standards, corporate-governance

Related Tickers: HTBI

TL;DR

HTBI might get delisted, check the details ASAP.

AI Summary

HomeTrust Bancshares, Inc. (HTBI) filed an 8-K on February 11, 2025, reporting a notice of delisting or failure to satisfy a continued listing rule or standard. The filing also includes amendments to its articles of incorporation or bylaws and a Regulation FD disclosure. The specific reasons for the potential delisting and the details of the amendments are not fully elaborated in the provided text.

Why It Matters

This filing indicates potential issues with HomeTrust Bancshares' continued listing on an exchange, which could significantly impact its stock's liquidity and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's stock and operations.

Key Players & Entities

FAQ

What specific listing rule or standard has HomeTrust Bancshares, Inc. failed to satisfy?

The provided text indicates a 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard' but does not specify which rule or standard has been violated.

What are the details of the amendments to HomeTrust Bancshares, Inc.'s articles of incorporation or bylaws?

The filing mentions 'Amendments to Articles of Incorporation or Bylaws' as an item information, but the specific changes are not detailed in the provided excerpt.

What is the nature of the Regulation FD Disclosure mentioned in the filing?

The filing lists 'Regulation FD Disclosure' as an item, but the content of this disclosure is not provided in the excerpt.

What is the exact date of the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing is February 10, 2025.

What is the principal executive office address for HomeTrust Bancshares, Inc.?

The principal executive office address for HomeTrust Bancshares, Inc. is 10 Woodfin Street, Asheville, North Carolina 28801.

Filing Stats: 908 words · 4 min read · ~3 pages · Grade level 12.7 · Accepted 2025-02-11 08:53:53

Key Financial Figures

Filing Documents

01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing On February 10, 2025, HomeTrust Bancshares, Inc., (the "Company"), acting pursuant to authorization from its Board of Directors, notified the NASDAQ Stock Market LLC ("NASDAQ") of its intention to voluntarily withdraw the listing of its common stock, par value $0.01 per share (the "Common Stock"), from NASDAQ and transfer the listing to the New York Stock Exchange LLC (the "NYSE"). The Company expects the listing and trading of the Common Stock on NASDAQ to cease at the close of trading on February 21, 2025 and the listing and trading of the Common Stock on the NYSE to commence at market open on February 24, 2025. The Common Stock has been approved for listing on the NYSE, where it will trade under the symbol "HTB".

03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year On February 10, 2025, the Company's Board of Directors approved an amendment to the Company's bylaws, which became effective immediately. The amendment affects the mandatory director retirement provision contained in Article II, Section 12 of the Company's bylaws. Prior to the amendment, Article II, Section 12 generally prohibited a person who is 72 years of age or older from being elected, re-elected, appointed or re-appointed to the Board or from continuing to serve as a director beyond the annual meeting of stockholders of the Company immediately following the non-employee director's attaining age 72 (such age being referred to below as the "Director Retirement Age" and such provision being referred to below as the "Director Retirement Provision," in each case under the Company's bylaws as in effect prior to the amendment). The Board had the discretion to exempt a director who was a director of the Company on June 30, 2016 and was between 72 and 74 years of age from the Director Retirement Provision until the next annual meeting of stockholders of the Company (the "Extension Option"). Article II, Section 12 was amended to (i) change the Director Retirement Age to 75 and (ii) eliminate the Extension Option. The foregoing description of the amendment is qualified in its entirety by reference to the text of the Company's amended and restated bylaws, a copy of which is attached as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On February 11, 2025, the Company issued a press release regarding its intention to transfer the listing of the Common Stock from NASDAQ to the NYSE, attached hereto as Exhibit 99.1. The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities under Section 18 of the Exchange Act and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits 3.1 Amended and Restated Bylaws of HomeTrust Bancshares, Inc. 99.1 Press release dated February 11, 2025 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document SIGNATURE 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. HOMETRUST BANCSHARES, INC. Date: February 11, 2025 By: /s/ Tony J. VunCannon Tony J. VunCannon Executive Vice President, Chief Financial Officer, Corporate Secretary and Treasurer 2

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