Midland States Bancorp 8-K Confirms Nasdaq Listing of Securities

TL;DR

**MSBI confirms Nasdaq listing for common and preferred shares, business as usual.**

AI Summary

Midland States Bancorp, Inc. filed an 8-K on February 6, 2024, to report an "Other Event" and provide "Financial Statements and Exhibits." This filing updates the public record regarding the company's registered securities, specifically its Common Stock ($0.01 par value) and Depositary Shares (representing a 1/40th interest in 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series 2.00 par value), both listed on The Nasdaq Market LLC. This matters to investors because it confirms the continued listing and registration of these securities, providing transparency and ensuring they remain tradable on a major exchange.

Why It Matters

This filing confirms the continued registration and listing of Midland States Bancorp's common stock and preferred shares on Nasdaq, which is crucial for liquidity and investor confidence.

Risk Assessment

Risk Level: low — This 8-K is a routine filing confirming existing security registrations and does not indicate any new financial or operational risks.

Analyst Insight

A smart investor would note this routine filing confirms continued market access for MSBI shares, but it doesn't present new information warranting immediate action; it's a good sign of regulatory compliance.

Key Numbers

• $0.01 — Common Stock Par Value (The stated par value for Midland States Bancorp, Inc.'s common stock.)
• 7.750% — Preferred Stock Fixed Rate (The fixed-rate reset non-cumulative perpetual preferred stock series has a 7.750% rate.)
• 1/40th — Depositary Share Interest (Each depositary share represents a 1/40th interest in a share of preferred stock.)

Key Players & Entities

• Midland States Bancorp, Inc. (company) — the registrant filing the 8-K
• The Nasdaq Market LLC (company) — the exchange where securities are registered
• $0.01 (dollar_amount) — par value of common stock
• 7.750% (dollar_amount) — fixed rate of preferred stock
• February 6, 2024 (date) — date of earliest event reported and filing date

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common stock, $0.01 par value MSBI The Nasdaq Market LLC
• $2.00 — e Perpetual Preferred Stock , Series A, $2.00 par value) MSBIP The Nasdaq Market LL
• $0.31 — s declared a quarterly cash dividend of $0.31 per share of its common stock. The divi
• $0.4844 — ectors also declared a cash dividend of $0.4844 per depositary share on its 7.75% Fixed

Filing Documents

• f8k_020624div.htm (8-K) — 26KB
• exh_991.htm (EX-99.1) — 3KB
• 0001171843-24-000619.txt ( ) — 243KB
• msbi-20240206.xsd (EX-101.SCH) — 4KB
• msbi-20240206_def.xml (EX-101.DEF) — 26KB
• msbi-20240206_lab.xml (EX-101.LAB) — 36KB
• msbi-20240206_pre.xml (EX-101.PRE) — 25KB
• f8k_020624div_htm.xml (XML) — 6KB

01. Other Events

Item 8.01. Other Events On February 6, 2024, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.31 per share of its common stock. The dividend is payable on February 23, 2024, to shareholders of record on February 16, 2024. The Board of Directors also declared a cash dividend of $0.4844 per depositary share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable on April 1, 2024 to stockholders of record as of March 15, 2024. A copy of the press release announcing the dividend is attached hereto as Exhibit 99.1.

01. Financial Statements

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release of Midland States Bancorp, Inc., dated February 6, 2024 104 Cover Page Interactive Data File (embedded within 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. Date: February 6, 2024 Midland States Bancorp, Inc. By: /s/ Douglas J. Tucker Name: Douglas J. Tucker Title: Senior Vice President and Corporate Counsel

View Full Filing

View this 8-K filing on SEC EDGAR