SouthState Corp Amends Equity Incentive Plan Filing

TL;DR

SouthState Corp filed an amendment to its equity plan, clarifying details for shareholders.

AI Summary

SouthState Corporation filed an 8-K/A on March 29, 2024, to amend a previous filing regarding the adoption of a new equity incentive plan. The amendment clarifies details about the plan, which was approved by the company's board of directors on February 6, 2024, and subsequently by shareholders.

Why It Matters

This amendment provides updated details on SouthState Corp's equity incentive plan, which is crucial for understanding executive compensation and shareholder value.

Risk Assessment

Risk Level: low — This is an amendment to a previous filing, providing clarification rather than introducing new material risks.

Key Players & Entities

• SouthState Corporation (company) — Registrant
• February 6, 2024 (date) — Date of earliest event reported
• March 29, 2024 (date) — Filing Date

FAQ

Key Financial Figures

• $2.50 — ich registered Common stock, par value $2.50 per share SSB The New York Stock Ex

Filing Documents

• ssb-20240206x8ka.htm (8-K/A) — 45KB
• ssb-20240206x8ka001.jpg (GRAPHIC) — 12KB
• 0001558370-24-004390.txt ( ) — 193KB
• ssb-20240206.xsd (EX-101.SCH) — 3KB
• ssb-20240206_lab.xml (EX-101.LAB) — 15KB
• ssb-20240206_pre.xml (EX-101.PRE) — 10KB
• ssb-20240206x8ka_htm.xml (XML) — 5KB

05

Item 1.05 Material Cybersecurity Incidents. As disclosed in the Original Report, on February 6, 2024, SouthState Bank, N.A. detected what was determined to be a cybersecurity incident. Upon detection, SouthState initiated its incident response and business continuity protocols and began taking measures to disrupt the unauthorized activity. In addition, SouthState has been conducting an investigation. A cybersecurity firm was engaged to assist. SouthState also notified banking regulators and law enforcement. As a result of these and other measures, SouthState has contained the impact of the cybersecurity incident. Based on the investigation and findings, SouthState will mail notification letters to individuals whose personal information may have been involved. While the cybersecurity incident had a significant impact on certain of SouthState's business processes, as of the date of this filing, it has not had a material impact on SouthState's overall financial condition or results of operations, and SouthState has determined that the incident is not reasonably likely to have a material impact on its financial conditions or results of operations.

Forward Looking Statements

Forward Looking Statements This Amendment contains "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are based on, among other things, management's beliefs, assumptions, current expectations, estimates and projections about the financial services industry, the economy and SouthState. Words and phrases such as "may," "approximately," "continue," "should," "expects," "projects," "anticipates," "is likely," "look ahead," "look forward," "believes," "will," "intends," "estimates," "strategy," "plan," "could," "potential," "possible" and variations of such words and similar expressions are intended to identify such forward-looking statements. SouthState cautions readers that forward-looking statements are subject to certain risks, uncertainties and assumptions that are difficult to predict with regard to, among other things, timing, extent, likelihood and degree of occurrence, which could cause actual results to differ materially from anticipated results. Such risks, uncertainties and assumptions, include, among others, SouthState's ongoing assessment of the impacts of the cybersecurity incident, the impact of the cybersecurity incident on SouthState's customers, business, operations and financial results, and other factors that may affect future results of SouthState, as disclosed in SouthState's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, filed by SouthState with the U.S. Securities and Exchange Commission ("SEC") and available on the SEC's website at http://www.sec.gov, any of which could cause actual results to differ materially from future results expressed, implied or otherwise anticipated by such forward-looking statements. All forward-looking statements speak only as of the date they are made and are based on information available at that time. SouthState does not undertake any obligation to update or otherwise revise any forward-looking statements, wheth

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. SOUTHSTATE CORPORATION (Registrant) By: /s/ William E. Matthews, V William E. Matthews, V Senior Executive Vice President and Chief Financial Officer Dated: March 29, 2024 3

View Full Filing

View this 8-K/A filing on SEC EDGAR