ServisFirst Bancshares Files 8-K

TL;DR

SFB filed an 8-K on Oct 21 covering ops, finance, and exec changes.

AI Summary

ServisFirst Bancshares, Inc. filed an 8-K on October 21, 2024, reporting on results of operations, financial condition, and changes in directors and officers. The filing also includes information on compensatory arrangements and a Regulation FD disclosure. Specific financial details or dollar amounts were not provided in the initial filing header.

Why It Matters

This 8-K filing provides updates on ServisFirst Bancshares' operational and financial status, as well as any changes in its leadership or executive compensation, which are important for investors to monitor.

Risk Assessment

Risk Level: low — This is a routine 8-K filing for corporate updates and does not appear to contain significant negative news.

Key Players & Entities

• ServisFirst Bancshares, Inc. (company) — Registrant
• October 21, 2024 (date) — Date of Report

FAQ

Filing Documents

• f8k_102124.htm (8-K) — 34KB
• exh_991.htm (EX-99.1) — 551KB
• exh_992.htm (EX-99.2) — 33KB
• logo.jpg (GRAPHIC) — 8KB
• 0001171843-24-005720.txt ( ) — 841KB
• sfbs-20241021.xsd (EX-101.SCH) — 3KB
• sfbs-20241021_lab.xml (EX-101.LAB) — 33KB
• sfbs-20241021_pre.xml (EX-101.PRE) — 24KB
• f8k_102124_htm.xml (XML) — 3KB

02 – Results of Operations and Financial Condition

Item 2.02 – Results of Operations and Financial Condition. On October 21, 2024, ServisFirst Bancshares, Inc., a Delaware corporation ("ServisFirst"), issued a press release announcing its operating results for the quarter ended September 30, 2024. A copy of the press release is attached as Exhibit 99.1.

02 – Departure of

Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On October 21, 2024, Kirk Pressley, Chief Financial Officer and Executive Vice President of ServisFirst, notified the Board of Directors ("Board") of ServisFirst that he will resign from the positions of Chief Financial Officer and Executive Vice President, effective October 31, 2024. (c) The Board appointed Ed Woodie to succeed Mr. Pressley as interim Chief Financial Officer on October 31, 2024. Mr. Woodie, 57, currently serves as ServisFirst's Senior Vice President and Controller. Mr. Woodie has served as Controller with ServisFirst Bank for over 15 years. Mr. Woodie does not have any family relationships with any of ServisFirst's directors or executive officers. Mr. Woodie does not have any arrangement or understanding with any person pursuant to which he was named or selected to be an officer of ServisFirst or ServisFirst Bank. Mr. Woodie is not a party to any transactions required to be disclosed pursuant to Item 404(a) of Regulation S-K.

01 – Regulation FD Disclosure

Item 7.01 – Regulation FD Disclosure. On October 21, 2024, ServisFirst will host a call to review 2024 third quarter earnings. The supplemental data table is attached as Exhibit 99.2 and is incorporated by reference into this Item 7.01. The information furnished pursuant to Items 2.02 and 7.01, including Exhibits 99.1 and 99.2, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of ServisFirst under the Securities Act of 1933 or the Exchange Act. facts, including, but not limited to, statements concerning future operations, results or performance, are hereby identified as "forward-looking Securities Act of 1933. The words "believe," "expect," "anticipate," "project," "plan," "intend," "will," "could," "would," "might" and similar expressions often signify forward-looking statements . Such statements involve inherent risks and uncertainties. ServisFirst Bancshares, Inc. cautions that such forward-looking statements, wherever they occur in this press release or in other statements attributable to ServisFirst Bancshares, Inc., are necessarily estimates reflecting the judgment of ServisFirst Bancshares, Inc.'s senior management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking of such forward-looking statements, including, but not limited to: general economic conditions, especially in the credit markets and in the Southeast; the performance of the ca

Financial Statements and Exhibits

Financial Statements and Exhibits. (a) Not applicable (b) Not applicable (c) Not applicable (d) Exhibits: Exhibit No. Description 99.1 Press release dated October 21, 2024, announcing results of third quarter 2024 99.2 Supplemental data table October 21, 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. SERVISFIRST BANCSHARES, INC. Dated: October 21, 2024 By: /s/ Thomas A. Broughton, III Thomas A. Broughton, III Chairman, President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR