Old National Bancorp Files 8-K on Feb 21st Event

TL;DR

**Old National Bancorp just filed an 8-K detailing its stock structure as of Feb 21, 2024, covering common and preferred shares.**

AI Summary

Old National Bancorp /IN/ filed an 8-K on February 22, 2024, reporting an event that occurred on February 21, 2024. The filing indicates the company's current status regarding its Common Stock, Series A Preferred Stock, and Series C Preferred Stock as of that date. This 8-K is categorized under 'Other Events' and 'Financial Statements and Exhibits'.

Why It Matters

This filing provides a snapshot of Old National Bancorp's capital structure on February 21, 2024, which is important for investors to understand the company's outstanding equity.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of corporate events and does not indicate any immediate financial or operational risks.

Key Players & Entities

• OLD NATIONAL BANCORP /IN/ (company) — Registrant
• February 21, 2024 (date) — Date of earliest event reported
• February 22, 2024 (date) — Filed as of date
• 001-15817 (dollar_amount) — Commission File Number
• 35-1539838 (dollar_amount) — IRS Employer Identification No.

FAQ

Key Financial Figures

• $0.14 — s declared a quarterly cash dividend of $0.14 per share on its outstanding shares of
• $17.50 — s declared a quarterly cash dividend of $17.50 per share (equivalent to $0.4375 per de
• $0.4375 — dend of $17.50 per share (equivalent to $0.4375 per depositary share or 1/40 th interes
• $200 million — hich authorizes the repurchase of up to $200 million of the Company's common stock. Share re

Filing Documents

• onb-20240221.htm (8-K) — 30KB
• ex991dividendannouncement0.htm (EX-99.1) — 9KB
• image_0.jpg (GRAPHIC) — 25KB
• 0001628280-24-005999.txt ( ) — 243KB
• onb-20240221.xsd (EX-101.SCH) — 2KB
• onb-20240221_def.xml (EX-101.DEF) — 8KB
• onb-20240221_lab.xml (EX-101.LAB) — 30KB
• onb-20240221_pre.xml (EX-101.PRE) — 19KB
• onb-20240221_htm.xml (XML) — 5KB

01 Other Events

Item 8.01 Other Events. On February 21, 2024, Old National Bancorp (the "Company") issued a press release announcing that the Company's Board of Directors declared a quarterly cash dividend of $0.14 per share on its outstanding shares of common stock. The dividend is payable March 15, 2024, to shareholders of record as of the close of business on March 5, 2024. In addition, the Board of Directors declared a quarterly cash dividend of $17.50 per share (equivalent to $0.4375 per depositary share or 1/40 th interest per share) on the Company's 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (NASDAQ: ONBPP) and Series C (NASDAQ: ONBPO). The dividends are payable on May 20, 2024, to shareholders of record as of the close of business on May 5, 2024. The Company also announced today that its Board of Directors approved a stock repurchase program which authorizes the repurchase of up to $200 million of the Company's common stock. Share repurchases under this program may be made from time to time on the open market, in privately negotiated transactions or through accelerated share repurchase programs in the discretion of, and at prices to be determined by, the Company. The program will be in effect until February 28, 2025. Attached hereto as Exhibit 99.1 is the press release issued by the Company announcing the dividend and share repurchase program, which is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release issued by Old National Bancorp on February 21, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2 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. Date: February 21, 2024 OLD NATIONAL BANCORP By: /s/ Nicholas J. Chulos Nicholas J. Chulos Executive Vice President, Chief Legal Officer and Corporate Secretary 3

View Full Filing

View this 8-K filing on SEC EDGAR