Stewart Information Services to Acquire NotaryCam Holdings
Ticker: STC · Form: 8-K · Filed: Jun 3, 2024 · CIK: 94344
| Field | Detail |
|---|---|
| Company | Stewart Information Services CORP (STC) |
| Form Type | 8-K |
| Filed Date | Jun 3, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1, $0.475 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, digital-transformation
Related Tickers: STEW
TL;DR
Stewart Info buying NotaryCam to boost digital services.
AI Summary
Stewart Information Services Corporation announced on June 3, 2024, that it has entered into a definitive agreement to acquire NotaryCam Holdings, Inc. The transaction is expected to close in the third quarter of 2024. This acquisition aims to enhance Stewart's digital capabilities and expand its presence in the remote online notarization market.
Why It Matters
This acquisition signals Stewart Information Services' commitment to expanding its digital offerings and strengthening its position in the growing remote online notarization sector.
Risk Assessment
Risk Level: medium — The acquisition is subject to customary closing conditions, and there is always a risk that the transaction may not be completed as planned.
Key Players & Entities
- Stewart Information Services Corporation (company) — Registrant
- NotaryCam Holdings, Inc. (company) — Acquired company
- June 3, 2024 (date) — Date of report and earliest event reported
- Third quarter of 2024 (date) — Expected closing period for the acquisition
FAQ
What is the primary purpose of this 8-K filing?
This 8-K filing is to report the entry into a definitive agreement to acquire NotaryCam Holdings, Inc., which falls under Regulation FD Disclosure and Financial Statements and Exhibits.
Who is Stewart Information Services Corporation acquiring?
Stewart Information Services Corporation is acquiring NotaryCam Holdings, Inc.
When is the acquisition expected to close?
The acquisition is expected to close in the third quarter of 2024.
What is Stewart Information Services Corporation's principal executive office address?
Stewart Information Services Corporation's principal executive office is located at 1360 Post Oak Blvd, Suite 100, Houston, Texas 77056.
What is the filing date of this 8-K report?
The filing date of this 8-K report is June 3, 2024.
Filing Stats: 538 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2024-06-03 16:30:18
Key Financial Figures
- $1 — nge on which registered Common Stock, $1 par value STC New York Stock Exchange
- $0.475 — rectors has declared a cash dividend of $0.475 per share of the Company's common stock
Filing Documents
- tm2414034d3_8k.htm (8-K) — 24KB
- tm2414034d3_ex99-1.htm (EX-99.1) — 4KB
- tm2414034d3_img001.jpg (GRAPHIC) — 5KB
- 0001104659-24-067806.txt ( ) — 206KB
- stc-20240603.xsd (EX-101.SCH) — 3KB
- stc-20240603_lab.xml (EX-101.LAB) — 33KB
- stc-20240603_pre.xml (EX-101.PRE) — 22KB
- tm2414034d3_8k_htm.xml (XML) — 3KB
01. REGULATION FD DISCLOSURE
ITEM 7.01. REGULATION FD DISCLOSURE. On June 3, 2024, Stewart Information Services Corporation (the "Company") issued a press release announcing that its Board of Directors has declared a cash dividend of $0.475 per share of the Company's common stock for the second quarter 2024, payable June 28, 2024, to common stockholders of record on June 17, 2024. A copy of the press release is furnished herewith as Exhibit 99.1. The information in this Item 7.01 and Exhibit 99.1 attached hereto is not deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information and exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
01. FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (d) EXHIBITS Exhibit No . Description 99.1 Press release of Stewart Information Services Corporation dated June 3, 2024, announcing a declaration of dividend for the second quarter 2024. 104 Cover Page Interactive Date File (embedded within the Inline XBRL document) 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 thereunto duly authorized. STEWART INFORMATION SERVICES CORPORATION (Registrant) By: /s/ David C. Hisey (David C. Hisey, Chief Financial Officer and Treasurer) Date: June 3, 2024