SouthState Corp Files 8-K on Feb 6 Event, Item 1.05

TL;DR

**SouthState Corp (SSB) filed an 8-K for a Feb 6 event, likely a routine disclosure under Item 1.05.**

AI Summary

SouthState Corporation (SSB) filed an 8-K on February 9, 2024, reporting an event that occurred on February 6, 2024. This filing is a routine update, specifically under Item 1.05, which typically relates to a material definitive agreement not made in the ordinary course of business or a material amendment to such an agreement. For investors, this filing indicates that SouthState is adhering to its regulatory obligations by disclosing significant corporate events, which is a positive sign of transparency and good governance.

Why It Matters

This filing shows SouthState Corporation is transparent about its corporate actions, which can build investor confidence. It signals that the company is actively managing its business and complying with SEC regulations.

Risk Assessment

Risk Level: low — This 8-K filing is a standard regulatory disclosure and does not inherently indicate new or elevated risks for the company.

Analyst Insight

A smart investor would note this routine filing as a sign of regulatory compliance but would look for more detailed information on the specific nature of the Item 1.05 event to assess any potential impact on the company's operations or financials.

Key Numbers

• $2.50 — Par value per share (The par value of SouthState Corporation's common stock.)

Key Players & Entities

• SouthState Corporation (company) — the registrant filing the 8-K
• February 6, 2024 (date) — the date of the earliest event reported in the 8-K
• February 9, 2024 (date) — the date the 8-K was filed
• Item 1.05 (other) — the specific item under which the 8-K was filed
• $2.50 (dollar_amount) — par value per share of common stock

Forward-Looking Statements

• SouthState Corporation will continue to file routine 8-K disclosures as required by the SEC. (SouthState Corporation) — high confidence, target: 2025-02-09

FAQ

Key Financial Figures

• $2.50 — ch registered Common stock, par value $2.50 per share SSB Nasdaq Global Select Ma

Filing Documents

• dp206600_8k.htm (8-K) — 36KB
• image_001.jpg (GRAPHIC) — 5KB
• 0000950103-24-002017.txt ( ) — 220KB
• ssb-20240206.xsd (EX-101.SCH) — 3KB
• ssb-20240206_lab.xml (EX-101.LAB) — 33KB
• ssb-20240206_pre.xml (EX-101.PRE) — 22KB
• dp206600_8k_htm.xml (XML) — 3KB

05. Material Cybersecurity Incidents

Item 1.05. Material Cybersecurity Incidents. SouthState Bank, N.A., (the "Company") detected what was determined to be a cybersecurity incident on February 6, 2024. Upon detection, the Company initiated its incident response and business continuity protocols and began taking measures to disrupt the unauthorized activity. As part of its process to address the incident, the Company proactively took measures to isolate parts of its network, which resulted in some disruption to the Company's business processes. The Company's operations have continued throughout this process in all material respects. The Company is conducting a thorough investigation and a cybersecurity firm has been engaged. Banking regulators and law enforcement have been notified. While the investigation is ongoing, as of the date of this filing, the incident has not had a material impact on the Company's operations, and the Company has not determined the incident is reasonably likely to materially impact the Company's financial conditions or results of operations. Cautionary Statement Regarding Forward Looking are not historical in nature are intended to be, and are hereby identified as, forward-looking statements for purposes of the safe harbor provided by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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

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: February 9, 2024

View Full Filing

View this 8-K filing on SEC EDGAR